Personal finance questions: ‘I’m coming to the end of my fixed rate, and they want to roll me onto 5.89pc. Can I do better?
Mortgage rates, tips for first-time house buyers, and a pension guide
You can find fixed rates of 3.65pc for houses with a B3 or better BER rating. Photo: Getty
Q My partner and I are coming up to the end of a three-year fixed rate with one of the newer lenders – but their lowest roll-off rate is very high at 5.89pc fixed for five years. Our house is worth about €420,000 and we have a €315,000 mortgage remaining over 25 years. The house is B3 energy rated. Are there any more-attractive fixed-rate offers in the market that we could switch to?
A There are better fixed rates out there, according to Joey Sheahan, the head of credit at online brokers MyMortgages.ie and author of The Mortgage Coach.
Join the Irish Independent WhatsApp channel
Stay up to date with all the latest news
