Several lenders are preparing to withdraw from offering fixed-rate loans to consumers when the government outlaws penalties for early repayments later this year.
The move will come after Minister for Finance Brian Lenihan signalled plans in recent days to impose a blanket ban on early repayment penalties.
Banks currently impose so-called ‘break charges’ on customers who seek to repay or refinance a fixed-rate loan ahead of schedule. These charges typically reflect the cost to a...
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