Fixed Rate and Financing renovation

dishwasher

Registered User
Messages
87
Hi
I am switching to AIB and am seriously considering moving to their 5 year fixed rate so we have security over our outgoings and can budget. We have no plans to move house but may need to increase the mortgage during the 5 years if our savings aren't enough to cover the cost of an extension we are planning at some stage.

My question is whether the need to increase the mortgage in future would trigger the break fee of the current mortgage?
Thanks for any views
dishwasher
 
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