Moon light
Registered User
- Messages
- 36
They're having a laugh!Just following up on my last post - Have been onto Dilosk asking them to explain their fixed rate equation and I got back the following info:
A(Current Balance) €141k
R (Cost of Funds)2%
R1 (Deposit Rate)0%
D (Days between Fixed rate end date 30/09/2018 and Todays date 11/07/2017) 446
C = A x (R%‐R1%) x D
365
C = €141k x (2%‐0%) x 446
365
C= €3,468
Lender - Dilosk
Amount of mortgage balance outstanding 141k
Date you fixed - Oct 15
Period for which you fixed - 3 years
Fixed rate 3.5%
Term left - 21 years
Breakage fee quoted - €3467 - (This has come down from the 4.4k figure I was quoted 4 mths ago)
I asked them to confirm that the break cost is calculated in line with the 2016 mortgage regulations,
but they didn't reply to this part,
Can you please advise me further on this, annoys me so much to see other banks charging nothing to break out of a fixed rate or a tiny fee and yet they are charging almost 3.5k ....tks a mill,
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