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Extend fixed rate mortgage and still get 1% Cashback?

FGR · 2022-09-15 07:21:09

Hi boi I got my first time buyer mortgage in 2018 and received 2% Cashback at drawdown with 1% Cashback after 5 years. I then fixed my interest rate for 5 years which will be due early next year. With the ecb hiking rates and the inevitable effect it will have on all mortgage holders can I extend my fixed rate or pay the…

15-09-2022 7:21am

#1

FGR

Registered Users, Registered Users 2 Posts: 2,464 ✭✭✭

Join Date: September 2004

Posts: 2259

Hi boi
I got my first time buyer mortgage in 2018 and received 2% Cashback at drawdown with 1% Cashback after 5 years. I then fixed my interest rate for 5 years which will be due early next year.

With the ecb hiking rates and the inevitable effect it will have on all mortgage holders can I extend my fixed rate or pay the breaking fee to go back on a variable and then fix it again while still being eligible for the 1% cashback?

Thanks guys !

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#2 15-09-2022 10:31am

Bank of Ireland Reps

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Join Date: November 2011

Posts: 1272

https://www.boards.ie/discussion/2058263450/extend-fixed-rate-mortgage-and-still-get-1-cashback

Hi there,
Thanks for checking in with us here.
To provide you with answers to your questions, it would be best to contact our Mortgage Specialist Team they will have account access and also go through options available to you. The Team can be reached on 016113333 weekdays 9am-5pm.
Many thanks
Alison

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