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    Key Post It may be much cheaper than you think to break out of a fixed rate early...

    @RedOnion Thanks!
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    Key Post It may be much cheaper than you think to break out of a fixed rate early...

    4 Years left on my current Fixed rate so that would make it about right, 155k x 0.4% x 4 = 2480, I have edited my other post to remove the erroneous calculations. 7 year rate on 31st Mar 16 was 0.225 and 4 year rate 15th Feb 19 was 0.03 (theice_com_marketdata_reports_180), so on my...
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    Key Post It may be much cheaper than you think to break out of a fixed rate early...

    @RedOnion As far as i can see the interbank rate only dropped by 0.01% since October 2018, figures i looked up were -0.21% in March 2016, -0.318% in October and -0.308% in January 19. Ref: tradingeconomics com
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    Key Post It may be much cheaper than you think to break out of a fixed rate early...

    Just my luck! That'll teach me not to procrastinate!
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    Key Post It may be much cheaper than you think to break out of a fixed rate early...

    Lucky you @Anthony7 I'm being quoted €2158, can't imagine between March and June 2016 the interbank rate changed that much, maybe something to do with mine initially been drawn down in 2014 and I fixed again in 2016?
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    Key Post It may be much cheaper than you think to break out of a fixed rate early...

    Thanks @RedOnion, just home and the letter was waitinh for me €2158 to break out iif my current fixed rate!
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    Key Post It may be much cheaper than you think to break out of a fixed rate early...

    Ah @RedOnion I see my mistake now! I'm a pretty clever person but this crap always confuses me! Paperwork does not state any breakage fee for my current Rate of 3.7%, I specifically requested it on the phone last Friday and was told they couldn't give it to me over the phone and would send it...
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    Key Post It may be much cheaper than you think to break out of a fixed rate early...

    Thanks @RedOnion, the paperwork states its the Breakage cost based on 6 months interest! It states that " The following are the range of options available for you to choose from. These quotations are based on your outstanding balance and remaining term" Sorry cant post links yet for the...
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    Key Post It may be much cheaper than you think to break out of a fixed rate early...

    Hi, I am in a fixed rate of 3.7% for 7 years with UlsterBank, Looking at their current fixed rates i decided to get the breakage fee and rate sheet to see what my options are as i am probably paying about 1K more a year than i need to be, money is tight at the moment and any saving will...
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