Brendan Burgess
Founder
- Messages
- 53,769
Why did you not grab it when it was zero?
I think it will still be zero for most people.
Brendan
I think it will still be zero for most people.
Brendan
Calling AIB customers who fixed before the latest fixed rate cuts
- Thread starter misstealeaf
- Start date
My apologies if I wasn't clear, I did take it in March. But my redress will be in the form of cheque and not write down (same property but original joint mortgage a/c closed as changed to single name) so won't be able to pay down on it unless I break again.
Healthinsurance
Registered User
- Messages
- 12
Just to update, we fixed for 5 years at 2.55% in March when the new rates were announced. We've had thoughts about moving house within the next 5 years and I requested the break fee to see what it would be. I just got the letter, it says break fee of €0.00 for early redemption. I don't want to "redeem the mortgage", just wanted a figure for moving from 5 year fixed to 3 year fixed. Perhaps my email wasn't clear. (Or it can mean the same thing?)
But might be helpful to someone else who wanted to try to move from 5 years to 3 years.
*I emailed August 27th, letter today 2nd Sept. And have until 7th Spet to reply before the quote is recalculated.
But might be helpful to someone else who wanted to try to move from 5 years to 3 years.
*I emailed August 27th, letter today 2nd Sept. And have until 7th Spet to reply before the quote is recalculated.
It's just the language they use. It'll also be zero to switch to a different rate.
Healthinsurance
Registered User
- Messages
- 12
Great thanks RedOnion! (Theres no page included to fill out so its not as clear as my previous letters.)