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 We like fixed rates

With the likelihood of variable rates rising, and perhaps rising again, fixed rates are again proving good value for security seekers.

If you are not keen on fixing for as long as five years then for only a slightly higher rate than the best two-year fixed rate, the Bank of Ireland offers the safety net of a longer fix. Its deal costs 4.49% and runs until May 2007.

There are redemption penalties during the term but you are free to move your mortgage without penalty at the end of the fixed period.

We have said many times the very best fixed rate offers were seen last summer. But recently fixes have stabilised after the knee jerk rises late last year. The Bank of Ireland is leading the way with this.

· Towry Law Mortgages 0870 898 5000


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