misstealeaf
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Moderator's note:
Due to a quirk in the way AIB calculates fixed rate break fees, there is a very good chance that if you fixed for 5 years within the last year at a rate of 2.85% , there will be zero break fee, as reported later in this thread
I requested a break fee from AIB last Monday when the cuts were announced. We had fixed on a 5 year rate of 2.85% last June.
Got the letter today, break fee of €0.00.
So you can break for free and fix for another 5 years at 2.55%
Brendan
Any idea on break costs with AIB- I know it depends on value of mortgage how long still fixed for etc. But i remember when looking at my husbands mortgage with Boi a few years ago they seem to take a different approach to calculating break costs. I stupidly fixed with AIB about 20 months ago at 3.3% so I’m wondering should I even bother requesting the break cost. I’m also one of the prevailing rate tracker cases with AIB.
Due to a quirk in the way AIB calculates fixed rate break fees, there is a very good chance that if you fixed for 5 years within the last year at a rate of 2.85% , there will be zero break fee, as reported later in this thread
I requested a break fee from AIB last Monday when the cuts were announced. We had fixed on a 5 year rate of 2.85% last June.
Got the letter today, break fee of €0.00.
So you can break for free and fix for another 5 years at 2.55%
Brendan
Any idea on break costs with AIB- I know it depends on value of mortgage how long still fixed for etc. But i remember when looking at my husbands mortgage with Boi a few years ago they seem to take a different approach to calculating break costs. I stupidly fixed with AIB about 20 months ago at 3.3% so I’m wondering should I even bother requesting the break cost. I’m also one of the prevailing rate tracker cases with AIB.
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