Paying lump sums off a variable mortgage

[GeneralZod]

I have my AIB mortgage account under my 24 hr banking profile by adding new accounts as you say however i am unable to transfer any money from my current account to the mortgage account.

I was in the same situation and was also told I couldn't just make an on-line transfer whenever I felt like it to pay off the mortgage. They told me I had to send in written instruction each time. I never tried ignoring that advice and attempting an on-line transfer.

 

[Sunny]

Bank of Scotlaand charge even for a variable rate. We wanted to up monthly payments & pay a lump sum & they made a charge of something like €70 - €80 for each....unless you did both at once and then one charge would apply, over the life of the mortgage it seemed like a small price to pay.

I didn't think banks were allowed to penalise you for making extra payments off a variable mortgage unless you changed the actual terms of your mortgage. What exactly were the charges for?