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DCC decreasing the term ?

  • 13-08-2019 8:00am
    #1
    10248168
    Registered Users, Registered Users 2 Posts: 4 ✭


    Hi all

    Wondering if anyone has ever paid off their mortgage early with DCC or paid a lump sum off what was left and if so did it save a huge amount of interest ?

    Called DCC today and it seems impossible to get someone who knows what there talking about and everyone I spoke with told me something different.

    Thanks all


Comments

  • #2
    Gumbo
    Moderators, Society & Culture Moderators Posts: 40,361 Mod ✭✭✭✭Gumbo


    10248168 wrote: »
    Hi all

    Wondering if anyone has ever paid off their mortgage early with DCC or paid a lump sum off what was left and if so did it save a huge amount of interest ?

    Called DCC today and it seems impossible to get someone who knows what there talking about and everyone I spoke with told me something different.

    Thanks all

    What kind of mortgage do you have with them?
    Shared ownership (50/50) ?
    Affordable housing?
    Straight out council mortgage?


  • #3
    10248168
    Registered Users, Registered Users 2 Posts: 4 ✭10248168


    kceire wrote: »
    What kind of mortgage do you have with them?
    Shared ownership (50/50) ?
    Affordable housing?
    Straight out council mortgage?

    It was originally shared ownership through affordable housing but I took full ownership in 2016 so now own it outright. Will still be liable for claw back if I was to sell it for another 6 years but not planning on selling.


  • #4
    ted1
    Registered Users, Registered Users 2 Posts: 23,902 ✭✭✭✭ted1


    They charge 2.3% interest, you could work it out yourself


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