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Overpay mortgage

  • 16-08-2020 8:35pm
    #1
    lomb
    Registered Users, Registered Users 2 Posts: 6,017 ✭✭✭


    I believe my 2 year fixed new business ftb drawn down in June allows 10% overpaykent without penalty. Can I ask what the penalty would be if overpayed more? In any case im happy with 10% overpayment , do I just manually set up another direct debit for 10% payable on same monthly date as main one or do I alter the existing one thats been set up by boi on my boi current account?


Comments

  • #2
    Bank of Ireland: Megan
    Closed Accounts Posts: 265 ✭✭Bank of Ireland: Megan


    lomb wrote: »
    I believe my 2 year fixed new business ftb drawn down in June allows 10% overpaykent without penalty. Can I ask what the penalty would be if overpayed more? In any case im happy with 10% overpayment , do I just manually set up another direct debit for 10% payable on same monthly date as main one or do I alter the existing one thats been set up by boi on my boi current account?
    Hi lomb, 

    Thanks for reaching out to us here on Boards.ie. 

    Though we are unable to advise here as this query is specific to your account, our Mortgage Specialists are available on 016113333(ROI) or 03453008000(UK). One of my colleagues will be more than happy to help and assist you further with your query. 

    I hope this helps and if you have any other queries please get in touch!

    Many thanks,
    Megan


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