Hi All,
I have an EBS 5 year fixed mortgage at 3% and am considering starting to overpay about €500 a month. Although there is no provision for overpaying by 10% like with BOI and UB am i still allowed to overpay on an ad-hoc basis and pay the percentage of fixed-rate breakage fee as a result whilst remaining on fixed rate ?
As an example if i owed €300,000 with a fixed rate breakage fee of €1,000 and overpaid by €3,000 would i simply have to pay 1% of breakage fee and not the full €1,000 ?
Thanks.
I have an EBS 5 year fixed mortgage at 3% and am considering starting to overpay about €500 a month. Although there is no provision for overpaying by 10% like with BOI and UB am i still allowed to overpay on an ad-hoc basis and pay the percentage of fixed-rate breakage fee as a result whilst remaining on fixed rate ?
As an example if i owed €300,000 with a fixed rate breakage fee of €1,000 and overpaid by €3,000 would i simply have to pay 1% of breakage fee and not the full €1,000 ?
Thanks.