Hi
We are currently with BOI on a 5 yr fixed at 3%. Term expires March 2023. We are in process of planning an extension and looking at our options to finance the build. I’m estimating we need 60k top up. Our current balance is 239000 with breakage fee of 5600 on top. We have just under 23 years left. House is worth around 500k. We are also due 1% cash back of 2550 back at end of this fixed term. Anyone have any thoughts on switching and would it be worth our while. I know avant have a great rate but are the cash back offers a better option. Even a link to calculate a way of working out savings would be appreciated
We are currently with BOI on a 5 yr fixed at 3%. Term expires March 2023. We are in process of planning an extension and looking at our options to finance the build. I’m estimating we need 60k top up. Our current balance is 239000 with breakage fee of 5600 on top. We have just under 23 years left. House is worth around 500k. We are also due 1% cash back of 2550 back at end of this fixed term. Anyone have any thoughts on switching and would it be worth our while. I know avant have a great rate but are the cash back offers a better option. Even a link to calculate a way of working out savings would be appreciated