In simple terms, if interest rates remain completely unchanged, you would have to pay (a small) break fee. Say currently the 10 year rate is 0.95%, and the 8 year rate is 0.75%. so if rates remain exactly as they are, and you want to break in 2 years, it would cost you about 1.6% of the balance (0.2% * 8 years).On the breakage fee - am I right in saying that you only pay a fee if interest rates were to drop in the meantime?
Apologies, that should have read 10 years, not 19! Sorry, I was typing on phone. (I've edited above in case people think I've lost it completely).@RedOnion Thanks for clarifying! That's what I took from your key post thread but just wanted to make sure!
Regarding the 19 year @ 0.95% and 8 year @ 0.75% - where do you source these figures from?
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