Kilconleagirl
Registered User
- Messages
- 30
Hi there,
I currently have a 2 year fixed rate of 2.3% which is due to expire in June 22, initially I was on an variable rate when I moved to Ulster bank in March 20 but fixed then in June.
My mortgage are as follows
Property Value: €270k
Mortgage left to pay: €198k
Term left: 19 years
LTV: 73%
I requested a breakage cost and Ulster bank came back with a figure of €365.00, I was going to reduce my rate to 2.25% (€4.50 approx monthly saving) but when the breakage costs is so high it’s hardly worth it so maybe switching lender is a better option?
Myself 42 and husband 47 have 2 permanent jobs, public and private sector, no kids, no loans, just mortgage and some savings for house refurbishment, hence increasing value of house. Pension to be put in place for husband.
My question is, should I pay the breakage and look at doing a multi switch in following sequence, TSB, BOI, EBS, KBC, is it worth my while?
I currently have a 2 year fixed rate of 2.3% which is due to expire in June 22, initially I was on an variable rate when I moved to Ulster bank in March 20 but fixed then in June.
My mortgage are as follows
Property Value: €270k
Mortgage left to pay: €198k
Term left: 19 years
LTV: 73%
I requested a breakage cost and Ulster bank came back with a figure of €365.00, I was going to reduce my rate to 2.25% (€4.50 approx monthly saving) but when the breakage costs is so high it’s hardly worth it so maybe switching lender is a better option?
Myself 42 and husband 47 have 2 permanent jobs, public and private sector, no kids, no loans, just mortgage and some savings for house refurbishment, hence increasing value of house. Pension to be put in place for husband.
My question is, should I pay the breakage and look at doing a multi switch in following sequence, TSB, BOI, EBS, KBC, is it worth my while?