Breaking out of fixed rate with AIB to Sell house

C

chewyluey

Registered User
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Hi All

Scenario :
35 year mortgage of 231,000 with AIB taken out last August and fixed at 3.69% until August 2012.
Due to change in circumstances may be selling (or attempting to) house in next few months.
Waiting for AIB to clarify what breakage would be to pay back the mortgage early.
In advance of that would anyone care to estimate what the penalty might be for this ?

Thanks
 
It shouldn't be too high as rates have increased since you took out the mortgage.

In theory, they should pay you to pay off the mortgage early, but it doesn't work that way.

Brendan
 
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