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Bank of Ireland announcement re fixed rate mortgage

  • 12-06-2009 8:40pm
    #1
    Zuri
    Closed Accounts Posts: 5 ✭


    Hi everyone,

    I'm just wondering if any of you know what the story is with the news that Bank of Ireland have cut their fixed interest rate for first time buyers. Does this only apply to new mortgages or does it also apply to those who already have a mortgage but are a first time buyer and fixed their rate before the drop?..Thanks, Zuri


Comments

  • #2
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,957 Admin ✭✭✭✭✭Toots


    AFAIK, it's new mortgages for first time buyers. If you're currently on a fixed rate that is higher, you will likely have to pay a breakout fee to move to the lower rate, so it probably wouldn't be worth your while.


  • #3
    Zuri
    Closed Accounts Posts: 5 ✭Zuri


    Thanks Toots..


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