Will i have to break my fixed rate contract?

[santoro]

I am considering moving home and renting out my apartment, am currently half way through my 3 yrs fixed rate of 4.7% with EBS.

If i decide to rent out I know EBS will put me on buy to let rate but would which is 4.83% but would i have to pay a breakage fee?

Thanks

 

[marksa]

if it is a new credit agreement, then most likely you will have to pay a break fee/cost... it would be a new credit agreement in my opinion as it is now a different credit risk - it is no longer a ppr