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Mortgage break

popsy09 · 2020-04-06 17:29:14

Sorry if it has been covered already but I can't find the answer for definite Thinking about doing a mortgage break i have never done it before Can you go through the process ? Say if my repayments are 1000 a month and i have 20 years left I will owe 3000 after 3 months so that will be divided into the remaining 240…

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06-04-2020 6:29pm

#1

popsy09

Registered Users Posts: 660 ✭✭✭

Join Date: September 2010

Posts: 571

Sorry if it has been covered already but I can't find the answer for definite

Thinking about doing a mortgage break i have never done it before

Can you go through the process ?

Say if my repayments are 1000 a month and i have 20 years left

I will owe 3000 after 3 months so that will be divided into the remaining 240 payments ??

How does the interest work ? Will it effect my credit history if I take a break

Thanks

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#2 07-04-2020 9:53am
Bank of Ireland: Richard F

Closed Accounts Posts: 483 ✭✭

Join Date: November 2019

Posts: 483

Hi Popsy09,

Thanks for posting here today on Boards.ie.

To get more information on the Mortgage break process it would be necessary to speak with a Mortgage Specialist. We have attached a link below to our flexi-options and how to apply.

https://personalbanking.bankofireland.com/borrow/mortgages/existing/mortgage-flexi-options/

You will then be sent a letter with the details of your Mortgage break request.

Many thanks,
Richard

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