My mortgage was moved from KBC to BOI. I fixed at 2.25% just before they exited the market.
But I don't want to stay with BOI now that the term is up. Since the term is up and there would be no breakage fee, can I just move banks without paying a solicitor ?
Thanks, I only have 2 years left on the term so it looks like the cost to switch will be too much to justify a switch.
Can a lump sum usually be paid off at the end of a fixed term?
Thanks, I only have 2 years left on the term so it looks like the cost to switch will be too much to justify a switch.
Can a lump sum usually be paid off at the end of a fixed term?
A lump sum can be paid off at any time fixed or variable.
While there might be a break fee if on a fixed, it's also important to note there might not be one. BOI would be able to tell you if there was currently a fee and how much it would be based on what you planned to pay.