Query re paying off a mortgage

Sonofagun

Registered User
Messages
4
This may seem a very silly question, but if you are in a position to pay off your full mortgage balance is the process simple? Ie you just transfer the amount in question to your mortgage account?
This is for a variable rate mortgage with the BofI.
Maybe there are forms you are meant to fill out first etc.
I will ring the bank but don't want to appear foolish so just asking first.
I appreciate any replies.
Thank you
 
Call the bank first and request a redemption figure, they usually have to be calculated and are valid for maybe a 7 day or so period so you must clear within that time or there is an adjustment to be made, normally a small vacate fee added to mortgage balance, maybe 30/40 euro or so.
 
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