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AIB drops fee for mortgage customers breaking out of fixed rate

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AIB is allowing some customers to break out of fixed mortgages and lock into lower ones at no cost, in a move that is likely to benefit thousands of people.

In the past, people had been quoted breakage fees of thousands of euro to get out of a fixed rate.

AIB, the State's largest lender, recently reduced its fixed rates. This means that those locked into an existing high fixed rate could benefit from moving to a new lower fixed rate.


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