Hi,
Im looking for some expert opinions please!
I requested a break fee calculation from KBC to look at options to break out of a fixed rate of 10 years - there is 8 years 3 months left on the term.
I have been quoted €11,000 seems extortionate! I fixed in may 2018 with wholesale rate 0.93. The rate on the day I requested was 0.04 (according to what I wad told on the phone). There is €158,000 remaining and fixed term of 99 months left (8 years 3 months).
Does this amount seem correct? Crazy money! If it is correct I assume there's not a lot I can do but sit it out and get it rechecked occasionally. Also is there somewhere I can follow rates myself? The guy in KBC told me rates are not available to the public and I would just have to trust the figures they give me... well if that doesn't make me suspicious....!!
Thanks in advance for any advice and info.
Im looking for some expert opinions please!
I requested a break fee calculation from KBC to look at options to break out of a fixed rate of 10 years - there is 8 years 3 months left on the term.
I have been quoted €11,000 seems extortionate! I fixed in may 2018 with wholesale rate 0.93. The rate on the day I requested was 0.04 (according to what I wad told on the phone). There is €158,000 remaining and fixed term of 99 months left (8 years 3 months).
Does this amount seem correct? Crazy money! If it is correct I assume there's not a lot I can do but sit it out and get it rechecked occasionally. Also is there somewhere I can follow rates myself? The guy in KBC told me rates are not available to the public and I would just have to trust the figures they give me... well if that doesn't make me suspicious....!!
Thanks in advance for any advice and info.