Locked into 3 year fixed rate

ardman

Registered User
Messages
62
I locked into a 3 year fixed mortgage (capital + interest - buy-to-let) @ 5.95% last July. Doesnt seem like such a good idea in hindsight. Approximately €150K left to pay on mortgage. Given the tough times forecast ahead, does anyone know if banks would allow me to break fixed rate and return to variable and the severity of penalties applied?