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  • FIRST POST
    • Sugarplump
    • By Sugarplump 11th May 18, 11:56 AM
    • 17Posts
    • 52Thanks
    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
    • 62,460 Posts
    • 55,556 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.
    "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
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