Worth switching?

[desparate]

As I don't normally look at our mortgages but was taking a look at documents the other night and we are in a 5yr fixed mortgage (exp 2017) at rate 5.65 with Bank of Ireland, but wonder are we paying too much and should we look at switching? Mortgage due to expire in 2022. Our house value approx €160000 and mortgage left is €93000? I understand their are penalties for breaking from fixed rate.

 

[ClubMan]

The breakage penalty should be explained in documentation from the bank.
But since this is not always consumer friendly you should just ask the bank what would be the normal breakage fee in your specific case.
Then you can look at the existing "should I switch/fix" threads to make an informed decision based on the figure that apply.