BOI have said their cost of funds was 0.41% at the time (Feb 18) and their investment return today would be -0.47% giving a difference of 0.88%. I thought ECB interest rates have been negative since 2014!! Not sure if BOI have to provide proof of this cost of funds on their mortgage offer (due to 2016 mortgage credit directive) or what the craic is! Very frustrating though considering AIB are letting people of the hook, according to various articles online
If I wait another year to break out of a 5 year rate ...currently 3 years left and quoted 6k to break now with BOI should it be a lesser break fee then ?
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