Last edited by a moderator: 22 Dec 2017 Hi All, Given the recent media coverage and my reading of this forum I contacted my bank today to ask what my breakage fee would be. Based on the examples I've seen here, I was surprised at how high it was. See below for the details - does this sound right to you? Lender: Bank of Ireland Rough value of property: €300k Total amount borrowed: €210,000 Amount of mortgage balance outstanding: €202,000 Date you fixed: May 2015 Period for which you fixed: 5 Years Fixed rate: 4.15% Term left: 29 Months at 4.15% (overall term left = approx. 33 years.) Breakage fee quoted: €2921 Even with this breakage fee it should still constitute a saving of approx. €2000 to break now and switch to a 3 year fixed rate of 3%, so we will most likely do this, but like I say I was just surprised at the breakage fee quoted so wanted to ask for a second opinion. Thanks in advance for any replies/advice. J.