Should I switch my Mortgage? It’s a good question that many borrowers have been asking over the last year and a question that will become a lot more frequent as we head into 2024. Many people have secured themselves a great Mortgage rate over the past 5 years and will soon be looking at what their repayments will be after the ECB rate increases over the last 2 years.

 

Rates have been driven up by the lenders in response to the ECB rises and Mortgage holders will, unfortunately, see the impact of this when their current fixed period comes to an end, which is why it is well worth having a chat with a Broker to see if there is something better for you.

 

Some lenders have fantastic cashback products that can help with many things such as the Legal costs, or the increased monthly costs you are likely to incur. Some Lenders will have lower rates than you are currently paying, why would you pay more at your current lender?

 

In summary, the answer to my question in the title is – Yes you should 100% speak to a Broker and review the options available to you.

 

Feel free to contact me today at James.curd(at)mortgagebrokers.ie for some advice.

One thought on “Should I switch my Mortgage?

  1. Louise O'Brien says:

    I’m looking at whether it would be a good time to switch my mortgage? I’m on a tracker mortgage and it’s hone up by nearly 200 euro in the last year.

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