My breakout fee BOI newly 2 year fixed: €100

Zane99

Registered User
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24
Thought i’d would post this up as it might be of interest to a a few people. I fixed last month with B.O.I for 2 years @ 3%.

Rang up last week as I was just curious as to what or if any breakage fee there would be to leave the fixed rate. I was quoted €100 that day and they said it varies based on the markets they borrow from.

Can anybody else confirm if this is right?
 
You'd need to provide exact Mortgage amount and date of drawdown to get a precise calculation, but this suggests the 3 year deposit rate dropped marginally from the date you drew down to the date you requested a break.
You're talking about a move of 0.0016% on a 200k mortgage to result in 100 EUR.
 
That sounds about right.

Was it just idle curiosity or is there a better deal for you now?

Brendan

I needed to ring them as they had sent a letter out stating I had taken a 3 year fixed rate out when i had only opted for 2. The other paper work stated 2 years sent out before.

So it was just curiosity indeed after I called them to clear that letter up. They sent me a new one.

But I’ll keep a keen eye on rates... fixed seems the better option for me at this time.
 
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