Our mortgage with BOI has €112K outstanding and we are paying €1400 pm @ 3% fixed (two more years left to run on fixed rate) with 89 months left according to one of the online calculators. The original maturity date is January 2037 which is what the BOI https://onlinemortgageviewer.bankofireland.com says currently also (but states it doesnt take into account overpayments) so we have knocked off about 7 years hopefully so far.
We are overpaying by about €400 (I think, we have been overpaying pretty much since the second year of the mortgage so dont know what the actual base amount should be by now).
The last renewal came in the post and just said they are offering 5 years at 3% at the same amount as before (€1400 with no mention of overpayment this time) so we don't really know where we stand offically in terms of overpayment now to be honest. The house value is about €450k
Obviously we would like to get on a better rate and preferably up our monthly payments by a few hundred as our circumstances are better than previously, are any banks likely to offer us say €1700 pm for 5/6 years term instead or thats too short at this stage?
We are overpaying by about €400 (I think, we have been overpaying pretty much since the second year of the mortgage so dont know what the actual base amount should be by now).
The last renewal came in the post and just said they are offering 5 years at 3% at the same amount as before (€1400 with no mention of overpayment this time) so we don't really know where we stand offically in terms of overpayment now to be honest. The house value is about €450k
Obviously we would like to get on a better rate and preferably up our monthly payments by a few hundred as our circumstances are better than previously, are any banks likely to offer us say €1700 pm for 5/6 years term instead or thats too short at this stage?