What should I write to BOI to get extension with fixed and best possible rate?
I was using some calculator. My mistake as I stated already August 20 date, which will be approximately 117.000 left to pay that time.PS: are you sure you are not overpaying your mortgage at the moment? If the amounts and dates you've provided are right then you should have an outstanding balance of €122k, not €117k. That's a bigger difference than BoI's max 10% overpayment would get you though.
I can do that actually, but I think there will be some penalties if I do it over while I'm on fixed term. I'm not sure how much. Will check.If you want to overpay your mortgage, why not pay the €5,000 savings against your mortgage now and then build up this amount again from what the overpayments would have.
I can do that actually, but I think there will be some penalties if I do it over while I'm on fixed term. I'm not sure how much. Will check.
Hi Sabina,Ps.
I forgot that BOI offered me 3% cashback. There is a remaining 1% so €1400 if I st stay with them exactly that 3 years.
I'm not sure it's worth it ...
As an alternative to changing to variable to facilitate overpaying why not reduce your mortgage term by a few years instead and fix at a low rate. This will allow you pay your mortgage off quicker at a competitive rate.
We are in the middle of applying for a switcher with KBC also. Have started sending in the paperwork. They told me the cash back offer will only apply until June. Our fixed term is up the end of April so hoping once we have all the paperwork sent in it wont take long to sort. Altho now with everything who knows.
I wouldn't worry too much about not getting the switch complete before June, for the last few years they've (all the banks offering cashback) kept extending the last drawdown date to avail of the deal shortly before it expires.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?