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Fixed rate penalty

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  • 05-09-2012 9:18pm
    #1
    cazzak79
    Registered Users Posts: 411 ✭✭


    Hi I'm trying to find the fixed rate fee/penalty if I wanted to take a lump sum of my mortgage
    Thanks


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    #2
    rameire
    Registered Users Posts: 4,152 ✭✭✭rameire


    ask your bank, they will know.

    🌞 3.8kwp, 🌞 Split 2.28S, 1.52E. 🌞 Clonee, Dub.🌞



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    #3
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Indeed no one can tell you, as it's dependent on your individual circumstances.


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    #4
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    cazzak79 wrote: »
    Hi I'm trying to find the fixed rate fee/penalty if I wanted to take a lump sum of my mortgage
    Thanks


    It depends on your lender and their formula for working out fixed rate penalties. They are the only people who can tell you as it is dependent on how far into the fixed rate period you are, their current fixed rate pricing over the same fixed period & how much you are looking to pay off. This is not a calculation that can be done by anyone here unfortunately. You might be lucky in so far as depending on the above in some cases there are no fees payable...


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