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  • FIRST POST
    • Sugarplump
    • By Sugarplump 11th May 18, 11:56 AM
    • 15Posts
    • 48Thanks
    Sugarplump
    Bank of Ireland
    • #1
    • 11th May 18, 11:56 AM
    Bank of Ireland 11th May 18 at 11:56 AM
    Hi all,

    Just after a bit of help from anyone that might have a Bank of Ireland mortgage and that understands how overpayments work as I find their wording confusing.

    Its like they don't want me to pay off my mortgage early
Page 1
    • Thrugelmir
    • By Thrugelmir 11th May 18, 12:26 PM
    • 61,287 Posts
    • 54,529 Thanks
    Thrugelmir
    • #2
    • 11th May 18, 12:26 PM
    • #2
    • 11th May 18, 12:26 PM
    Lenders cannot change the contractual term of your mortgage without your permission and conducting an affordability assessment. There's nothing to stop you from overpaying though within allowable limits and reducing the amount of interest you'll ultimately pay.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
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