Based on today's information this would result in an early redemption charge of €X to no longer be bound by this fixed rate.
Once youve requested the break fee from them, give it a few days and ring them. The break fee amount will be on the system and they can tell you it over the phone . My letter was a week or more arriving..one time it never arrived..Ah okay that makes sense thanks. I received the first set of forms Tuesday having emailed UB on last Friday. The only form that arrived is their current interest rate offerings for various terms, it also gives indicative break fees for each option (based on six months interest), but makes no mention of the break fee for the current loan. But two separate forms make sense now. Thanks.
Yes the second letter came and luckily the break fee is zero. So all the forms are signed and returned.@JanusGold Did you receive the second letter from Ulster Bank?
They have changed the wording a bit. Look for the line that says:
That amount is your break fee. Ignore all other references to break fees/breakage costs.
Cool. How long did you re-fix for in the end?Yes the second letter came and luckily the break fee is zero. So all the forms are signed and returned.
ThanksWent for the five years again.