Moderator's note: for anybody who is thinking of switching their mortgage (or re-fixing with their current lender), consider posting your mortgage details in the switcher thread (in the format shown in the first post). You will get an estimate of the break fee (if any) and of the savings you would make from switching (or from re-fixing). Even if your mortgage is with Ulster Bank or KBC, you can still re-fix with them – and that process is simpler and usually quicker than switching to another lender.
Hi All
First post here so please excuse my lack of knowledge on this topic.
I fixed my KBC mortgage for 5 years in Jun'19 on a 2.60% fixed rate. I am now thinking of switching (likely to Avant) but am confused about the break funding cost (BFC) that KBC are charging me. As shown in the table below, this is rapidly rising and I don't know if it is being correctly calculated.
Any advice would be appreciated. Thanks in advance.
Hi All
First post here so please excuse my lack of knowledge on this topic.
I fixed my KBC mortgage for 5 years in Jun'19 on a 2.60% fixed rate. I am now thinking of switching (likely to Avant) but am confused about the break funding cost (BFC) that KBC are charging me. As shown in the table below, this is rapidly rising and I don't know if it is being correctly calculated.
Date | Balance | BFC |
05/06/2020 | € 253,885.06 | € 829.36 |
26/06/2020 | € 253,885.06 | € 1,451.38 |
21/09/2020 | € 251,616.60 | € 1,929.05 |
09/10/2020 | € 250,857.17 | € 2,351.79 |
Any advice would be appreciated. Thanks in advance.
Last edited by a moderator: