Comments on: Why does it cost so much to get a fixed interest rate mortgage in ireland? http://www.mortgage--loans--blog.com/mortgage-loans/why-does-it-cost-so-much-to-get-a-fixed-interest-rate-mortgage-in-ireland A blog on mortgage loans Sun, 20 May 2012 13:09:16 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Stuart L http://www.mortgage--loans--blog.com/mortgage-loans/why-does-it-cost-so-much-to-get-a-fixed-interest-rate-mortgage-in-ireland/comment-page-1#comment-1090 Stuart L Mon, 23 Mar 2009 10:26:02 +0000 http://mortgage--loans--blog.com/mortgage-loans/why-does-it-cost-so-much-to-get-a-fixed-interest-rate-mortgage-in-ireland/#comment-1090 <a href="">Amber</a> Some of the differences are due to the UK. In the UK, getting a fixed rate mortgage involves a fee to reserve the funds. The big lenders pay tiny reservation fees but get to charge a few hundred pounds. Economies of scale and all that. The five year max term is also a UK hangover. Apologies. Most of Europe will allow 20 year fixed rates. As for rates, bear in mind that in the US rates are much higher and rising. In Europe, the euro causes a strange phenomenon - rates hardly ever change. By having a fixed rate in euros, past experience would be the same (almost) as a variable rate. At least over the last few years. Amber

Some of the differences are due to the UK.

In the UK, getting a fixed rate mortgage involves a fee to reserve the funds. The big lenders pay tiny reservation fees but get to charge a few hundred pounds. Economies of scale and all that.

The five year max term is also a UK hangover. Apologies. Most of Europe will allow 20 year fixed rates.

As for rates, bear in mind that in the US rates are much higher and rising. In Europe, the euro causes a strange phenomenon - rates hardly ever change. By having a fixed rate in euros, past experience would be the same (almost) as a variable rate. At least over the last few years.

]]> By: Paul Rules http://www.mortgage--loans--blog.com/mortgage-loans/why-does-it-cost-so-much-to-get-a-fixed-interest-rate-mortgage-in-ireland/comment-page-1#comment-1089 Paul Rules Mon, 23 Mar 2009 09:43:05 +0000 http://mortgage--loans--blog.com/mortgage-loans/why-does-it-cost-so-much-to-get-a-fixed-interest-rate-mortgage-in-ireland/#comment-1089 <a href="">Louis</a> because the US economy and the Euro (Irish) economy are completely different. The European union has to help the poor eastern countries so the richer western ones get raped on charges! Welcome to the union, please bend over on your way in and the exit? that's not an option! Louis

because the US economy and the Euro (Irish) economy are completely different. The European union has to help the poor eastern countries so the richer western ones get raped on charges! Welcome to the union, please bend over on your way in and the exit? that’s not an option!

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