HollowKnight
Registered User
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I'm interested in this as well, may I ask what ICE report data is, and how you used it to work out the breakage fee?
Late November. Yes, 29/11 I think. With it expiring September 2022.@HollowKnight
Was yours fixed for 4 years in Nov 2018? So 3 years left?
I'm coming up with a much higher break fee if that's the case.
@mojoask
Do you want to post your info, and I'll do it as a 2nd case study?
I'll estimate the break fee if you include the following:
Amount of mortgage balance outstanding:
Date you fixed:
Period for which you fixed:
Fixed rate:
End date of fixed: (if possible - UB don't fix for exactly 4 years, it's always a few months extra)
I'm coming up with a break fee of c 3,400?Late November. Yes, 29/11 I think. With it expiring September 2022.
Break fee approx 3,740Very kind of you, I'd be highly surprised if it's advantageous, based on what I've read above!
Amount of mortgage balance outstanding: 430k
Date you fixed: Feb 2019
Period for which you fixed: 4 yrs
Fixed rate: 2.6
End date of fixed: Mar 2023
I thought it changed from 0.14 to -0.129. I'll ring them Monday and ask to send on their figure anyway.I'm coming up with a break fee of c 3,400?
4 year rate in Nov 2018 Vs 3 year rate now. There's about 0.41% difference (because rate went negative). Your break fee almost exactly matches the amount you'd save.
I think?
Break fee approx 3,740
Interest savings 5,440
O god I’m worse at Maths than I thought! You’d think after my experience last year I’d have my head around the break fee thing by now!@_ripped_off
Your break fee should be currently a big fat ZERO.
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