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Hi everyone Thanks for the many replies and the explanations of how banks calculate fixed rate break fees. We have various reasons for looking at selling this IP but not necessarily to substitute it with a comparable value deal, so portablility wasn't really likely to apply for us. I...

Hi Tobe. Thanks for the reply. I hadn't thought of your point above, so that does make me feel a bit better. :)

Hi All We have an IP that we are considering selling, but unfortunately the loan with NAB is currently on a 2yr fixed rate until April 2014. The fixed IR is 6.29% and we are on the Choices package. The loan is over $500k and the current variable interest rate on a Choices package appears to...