Mortgage Cashback and lump sum payment

steamboat

Hi. I' took out a BOI mortgage with a Cashback offer 3 years ago - 2% on draw down + 1% on year 5. It was a fixed rate for the first three years which is now about to come to an end. I plan to pay a lump sum once the fixed term finishes (<10K) then fix again for another 2 years. My question is will I still be eligible for the 1% cashback on year 5 if I pay a lump sum off the mortgage or would this break the T&Cs.

Thanks

Bank of Ireland: Jennifer

https://www.boards.ie/discussion/2058210501/mortgage-cashback-and-lump-sum-payment

Hi there,

Thanks for getting in touch with us here today. As this would be account specific and would be determined by the Terms and conditions of the agreement we would recommend that you speak with our dedicated Mortgage Team on 016113333 and our colleagues here will be happy to help. The team is available Monday to Friday from 9am to 5pm and will be more than happy to help with this.

Thanks Jen