Broke out of Bank of Ireland fixed rate

[Sir Bob Paisley]

Hi,

I switched from PTSB to BOI and 1st DD on a 5 year 3.2% fixed rate was on 1st November. A couple of days later they reduced their fixed rates to 3%. I called to enquire about break fee - nothing I was informed so they sent me a form in the post to sign to get new 5 year 3% fixed rate. Got confirmation this morning that I have moved to 3%.

So easy to do and their customer service is so much better then PTSB

 

[guest2004]

I took out a new mortgage with BOI last May and fixed at 3.55% for 1 year. I read your post and gave them a call but they said my break fee would be around 350. I thought it was odd because it's only another 5 months till the end of the original fixed period but I guess I'll just wait. Like yourself, was unfortunate timing with BOI dropping there rates a few days after I drew down! I'm glad I only fixed for 1 year originally anyway.

I don't know how long I should be fixing for now that it's 3% regardless of term. The downward trend has me thinking I should just fix for a year again.