Amount of time left on the mortgage 24 hours
hi, we switched to BOI last year on the 3% plus cashback for 5yrs. Contacted them last week and was told that i could have the 2.8% but would have to pay a breakage fee of 4100. We drew down 255k at the time. Was shocked at cost of breakage fee. Has anyone here successfully changed from the 3% to 2.8% without incurring this breakage fee?
Does the breakage fee go down as the time passes ? If I was to ring in a few months time would it be less ?
Thanks in advance
Does the breakage fee go down as the time passes ? If I was to ring in a few months time would it be less ?
Thanks in advance
fyi - you can reassign your existing mortgage protection to another bank (as long as its not block protection)
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