OK - the letter from the bank arrived!

They suggest either a fixed rate of 4.6% or a variable rate of 4%, capped at 2%. So I guess that means 4.6% forever, or up to 6%.

The difference is a little under 30 euros a month (20 quid at the moment) so it's probably worth going for the fixed rate.

So much could still go wrong! The £/€ rate could reduce our deposit. The bank's mortgage committee still have to approve the mortgage. There could be a lion in the street. ( http://www.biblegateway.com/passage/?book_id=24&chapter=22&verse=13&version=31&context=verse )

Yes - stop fussing and keep on trusting.

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