first time poster looking for some guidance, I have a residential mortgage with UlsterbankRI there is approx 180k outstanding and 12 yrs remaining. My ltv is below 80%. I entered into a 3 yr fixed interest with a rate of 3.35% with 1 yr remaining.
I noticed all rates have reduced with a 4 yr rate at only 2.6% now. I enquirer about moving to the rate for which Ulster Bank want to charge me a break out charge of €2,341.92, the equivalent of 6 month interest. This seems very high to me having read some of the other threads on this topic. Can anyone advise?
I noticed all rates have reduced with a 4 yr rate at only 2.6% now. I enquirer about moving to the rate for which Ulster Bank want to charge me a break out charge of €2,341.92, the equivalent of 6 month interest. This seems very high to me having read some of the other threads on this topic. Can anyone advise?