Switching your mortgage to a new provider could save you over €7,000 a year
Variable rate changes can make mortgage repayments far more expensive. Stock photo
Nine out of 10 mortgages are on variable rates or are fixed for five years or less, according to the Irish Independent Doddl Mortgage Switching Index for the last quarter of last year.
Mortgage holders in Ireland are highly exposed to interest rate changes by lenders. People coming to the end of a fixed rate mortgage – which fell as low as 2pc in the last two to three years – may now find they only have options for higher rates.
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