N
nomon
Guest
Hi guys,
Just a quick question.....
A little background...We have our mortgage with the EBS. Have a fixed interest rate at the moment that will last till mid 2012. I phoned to see if it's possible, (now that the fixed term rates have risen above our current fixed rate) to re-fix the mortgage. I was told - 'No' that's the long and short of it... I would have to pay a breakage fee of thousands in order to do so....it was even calculated for me on the phone during a few minute conversation by a reasonably nice girl who gave me the crap news...
My question is, basically have I 'any' options open to me now? or am I a sitting duck..... Is it possible that there is some kind of scheme to transfer between lenders who aren't as rigid with their policy?
Bty,our interest rate was 4.88% over five years.
Thanks a million..
Just a quick question.....
A little background...We have our mortgage with the EBS. Have a fixed interest rate at the moment that will last till mid 2012. I phoned to see if it's possible, (now that the fixed term rates have risen above our current fixed rate) to re-fix the mortgage. I was told - 'No' that's the long and short of it... I would have to pay a breakage fee of thousands in order to do so....it was even calculated for me on the phone during a few minute conversation by a reasonably nice girl who gave me the crap news...
My question is, basically have I 'any' options open to me now? or am I a sitting duck..... Is it possible that there is some kind of scheme to transfer between lenders who aren't as rigid with their policy?
Bty,our interest rate was 4.88% over five years.
Thanks a million..