Hi all
I am in the process of switching to ulster bank from AIB.
I will be switching to the 2 yr fixed at 2.3%. I have been told by ub that I can overpay my mortgage by 10% of the initial mortgage balance over the course of the fixed rate.
I overpaid when I was with AIB and the amount overpaid went straight off the principle without me having to do anything and I also received a letter in the post confirming as much .
Is this the case with ub?
Also my repayment amount reduced month on month when I overpaid every month with AIB. This was with a variable rate. I presume the same will be true of the Ulster bank mortgage even though that's a fixed rate, and I'll be overpaying every month also?
Thanks for the help!
I am in the process of switching to ulster bank from AIB.
I will be switching to the 2 yr fixed at 2.3%. I have been told by ub that I can overpay my mortgage by 10% of the initial mortgage balance over the course of the fixed rate.
I overpaid when I was with AIB and the amount overpaid went straight off the principle without me having to do anything and I also received a letter in the post confirming as much .
Is this the case with ub?
Also my repayment amount reduced month on month when I overpaid every month with AIB. This was with a variable rate. I presume the same will be true of the Ulster bank mortgage even though that's a fixed rate, and I'll be overpaying every month also?
Thanks for the help!