Then use some of your tax free lump sum from pension to clear whateverās left on mortgage
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Lads if ye can switch the fucking mortgage. A pain in the hole but you could save literally thousands. I did the math this year but the missus fixed term contract is up so it was too messy, but it was a savage amount of money even off a fixed rate and a modest enough mortgage.
Fix at 1.95% for as long as they will let you. Iāll do it next year. Solicitor quoted me about ā¬1200, itās some bullshit especially for a switcher, but it was still value
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Will anyone post up an auld figure other than a āsavage amountā or āmassive amountā
Most charges related to breaking the fixed rate are actually relatively small
Itās very complicated because the calculators will put you back on a variable rate as it is now, which it probably wonāt be. Depends on the term of your mortgage, youāve to take into account solictors fees, breakage fees etc and then you only get the really good rates if your mortage is LTV of less than 60%. But off a 200k ish mortgage @ 2.9% fixed rate with BOI to switch to Avant or the other crowd @ 1.95% I think it was basically a grand a year. So take off the ā¬1200 for solicitor over the course of the 5 years it was ā¬4k or so
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Do you know what I found out lately as well, your 12 month contract with energia or whoever can be broken for ā¬50. And the difference between the electricity companies is massive at the moment
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Heās certainly hoping that about the widow with the field up the road
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4Kās not worth the hassle.
If I switch and pay the same amount Iāll knock 6 years off the mortgage
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Avant have actually dropped their fixed rate to 1.65%,just heard the boss man on the radio there
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they seem decent enough.
Who is the boss man there?
This in dublin?
Did a quick Google
āThe Leitrim-headquartered lenderā
Iām outā¦
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Mortgage op operates out of Kildare
Their MD was on the radio asking people to investigate how much they actually save when switching and receiving a cash bonus. Said theyād be cheaper taking the money as a personal loan from avant
they bought out MBNA
They replaced Bank of America who took over the MBNA franchise.
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becoming the biggest/only employer in carrick 