A
can you do this by just say walking in to the bank with a lump sum at any time or do you have to get some forms signed to set it up through the mortgage accountYes - you can pay off lump sums on any variable or tracker mortgage without penalty.
Sarah
www.rea.ie
You should be able to do it on demand but it might make sense to arrange in advance rather than arrive with a wad of cash just in case. Also put your instructions in writing so there is no confusion. For example make sure that you clearly state that any overpayment (regular or lump sum) is to be paid off the capital outstanding and not lodged as a credit on your account in which case it might not reduce the capital balance outstanding (unless it's an offset or current account mortgage).can you do this by just say walking in to the bank with a lump sum at any time or do you have to get some forms signed to set it up through the mortgage account
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