Switching advice needed

Brian12222

New Member
Messages
1
Hi All,

I’m 2 years into a 5 years fixed term mortgage at 3.8% and I’m considering paying the breakage fee of €1100 fee to get to 3% on a 3 year fixed. I’ve about €168k left on the mortgage with a term of 23 years.

I’m also thinking of overpaying by €200 per month to reduce the term.

Never done this before so any advice will be greatly appreciated.

TIA
 

username123

Frequent Poster
Messages
1,448
However they know you're with BOI, i agree with above poste saying at 3 percent for 3 years is not good. Either fix at 2.3 for 2 years or 2.6 percent for 4 with Ulster, your 3 year proposal is IMO the worst of both worlds (in that the rate is crap and you can't overpay as much)
 
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