02 May 2015 6:54 PM:
The best of the best deals right now only gives 1.25% above Euribor, which works out to be about 1.5% - however to get that rate (variable) you need to take the banks home insurance, pension pan and life assurance - which is a fortune.
If someone was offering 0.25% above Euribor variable that would be a nice deal, but when the best variable rate is only 1% below a 20 year fixed, seemed like a no-brainer.
I looked that the historical average of Euribor, its currently at about 3%, so 1.25% above that - 4.25% would be the average over the 20 years I reckon if the past is like the future...
At 2.6% im hoping inflation eats into that if they get inflation back up to 1.5 - 2%, in which case I should be onto a winner..
Thread:
Is this a good deal - 20 years fixed @ 2.6%
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