Is that in writing - e.g. in mortgage terms & conditions?KBC will allow you pay 10% off principal while on a fixed rate.
Presumably you would never make a capital repayment on the tracker part as long as any of the variable part is outstanding?Interestingly will have a split mortgage (old mortgage on tracker rate and new monies on variable) and were told that we could choose which part of the capital we wanted to pay off.
Is that in writing - e.g. in mortgage terms & conditions?
@Spin, are you sure? We're taking out a new (second) mortgage with kbc and were told yest that we could only make lump sum payments on a variable rate. Interestingly will have a split mortgage (old mortgage on tracker rate and new monies on variable) and were told that we could choose which part of the capital we wanted to pay off.
Spot on. I was just surprised that they would allow us to choose.Presumably you would never make a capital repayment on the tracker part as long as any of the variable part is outstanding?
Other than in the (presumably unlikely?) case of the variable rate going lower than your tracker rate?
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