Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • Sugarplump
    • By Sugarplump 11th May 18, 11:56 AM
    • 17Posts
    • 52Thanks
    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
    • 62,460 Posts
    • 55,556 Thanks
    • #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.
    "You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." - Peter Lynch
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

108Posts Today

1,132Users online

Martin's Twitter