BusinessFailure
Registered User
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If you're going to break to overpay, you should probably try get on a cheaper rate at the same time. You could look at borrowing 300k from UB at 2.2%.Thanks for the replies folks. Time to call the bank and see what the mortgage break fee is and pay more into that sucker!
Which bank is the mortgage with?
Remember you don't have to break out of the whole amount; just the bit you want to overpay by.
With BOI you can increase your monthly repayments by 10% without them calculating a break fee. I'm not sure though what you mean about already overpaying by 600 per month? Were you overpaying regularly before you fixed, and they included that in your repayment?Bank of Ireland
Yes. When we came off our last fixed rate, I stayed on the variable rate for a month and added the overpayment. When I then went fixed, the overpayment stayed at that level without penalty.Were you overpaying regularly before you fixed
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