Break fee question (Fixed rate mortgage)

Neamhshuntasach

Hi,

I called to discuss my mortgage and I was told my break fee would be 0 as of today.

I'm currently in the process of exploring switching lenders as i can make significant savings based on current rates from other lenders. I was told the break fee today was 0 verbally, however i have seen reference to requesting this in a letter from comments online.

So i was just checking before calling back up if i should request a hard copy or email stating that it is 0? Or as this may change throughout any process, is it necessary? For example, if break fee is 0 today. Could it potentially be a few thousand in 3 months time when finalizing switching to other lender?

Also if publicly available, is there a formula that allows a customer to calculate the break fee?

Thank you.

Bank of Ireland Reps

https://www.boards.ie/discussion/2058260484/break-fee-question-fixed-rate-mortgage

Hi there,

Thanks for getting in touch with us.

I'm afraid for this type of advice, it would always be necessary to speak with our Mortgage Specialists on 016113333. Sorry, this is not something we can answer in general terms. If you can make a return call, the Team be happy to answer any questions you may have. They are available Monday to Friday 9am-5pm.

Many thanks,

Alison