Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

KBC overpay and redraw

  • 29-01-2013 9:16am
    #1
    hjr
    Registered Users, Registered Users 2 Posts: 566 ✭✭✭


    Just wondering if anyone knows if KBC still allow you to put in lump sums into your mortgage and withdraw them at a later date?

    Thanks


Comments

  • #2
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    hjr wrote: »
    Just wondering if anyone knows if KBC still allow you to put in lump sums into your mortgage and withdraw them at a later date?

    Thanks

    You cant use your mortgage like a current account. However most banks will have facility for a mortgage top-up, subject to the normal rules of credit worthiness, sustainability and satisfactory LTV. Whether or not you have made top-up payments is irrelevant.


  • #3
    hjr
    Registered Users, Registered Users 2 Posts: 566 ✭✭✭hjr


    Thanks,

    Spoke with KBC, and they do have an overpayment and redraw facility. Simple process to overpay, either by monthly payment, or lump sum or however you wish.

    The redraw facility however is subject to meeting current lending criteria, so its not just a simple case of requesting back the overpayment you put in.


Advertisement