Hi, I drew down a mortgage for €194,000 plus my 10% deposit from Ulster bank 12 months ago. As I received more than 3.5 times my salary, I was forced to fix for 7 years at a rate of 3.9% in order to receive that amount. I was thinking about switching however as I am only 1 year through the fixed term would I be looking at a big fee in order to break the terms and switch providers? I have approx €190,000 left on the mortgage. The house is worth approx €230,000 at the moment.
Too early to switch?
- Thread starter Storyman
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Brendan Burgess
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Have you asked Ulster Bank how much the break fee would be?
It will probably be very low or close to zero.
Brendan
It will probably be very low or close to zero.
Brendan