Wow this is interesting and disappointing to hear.we bought in 2013 two incomes then now only 1 plus add 2 children under 4 and our 3rd to be born late November..
I'm was hoping to switch from robbing bank of Ireland next October when the fixed rate is up..out LTV will be under 50% then ..I could go KBC 10 year fixed at 2.95%or Aib 7 year fixed 3.3%..Boi is 3.8 % for 10 year fixed .it really disheartening that every other bank seem to be lowering their rates except Boi..why is this? Now from reading above seems like I won't b able to switch..its crazy..I'm being robbed at the moment at 3.6% when cud he getting it at 3%
I spoke to boi yesterday re breaking my 3 yr fixed
Does anyone know if this is a relatively new practice?