Homeowners could be missing out on €1,500 cashback offer on their mortgage

With mortgage rates at an incredible high in the Irish market, the current highest mortgage rates are now double the lowest. Read more: Cost of living Ireland : Four groups of people that will qualify for scheme worth over €2,000

This provides a positive incentive for smart mortgage holders to seek out lower rates to reduce, what is for most, their largest financial commitment. This has resulted in a record 42pc gap between 25-year monthly repayments of €1,566 on the lowest rate and some householders on €2,217 at the highest end of the scale.

Martina said: “The expectation that disinflation would lead to rate decreases meant that many mortgage holders chose to hold on to variable rates in Q1 until rates dropped. The vast majority of Irish mortgage holders who do not have tracker rates, will see their rate influenced by the funding mix and pricing policy of the Irish lenders and not directly by the ECB.

Consumer Ireland

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

An Irish stonemason: ‘I want to upskill homeowners to carry out some of the work themselves’What I Do: Eóin Madigan is a sixth-generation stonemason in Ennistymon, Co Clare
Source: IrishTimes - 🏆 3. / 98 Read more »

Not switching mortgages can cost you: Cautious Irish homeowners have lost out on thousands in savingsCentral Bank report shows homeowners responded sharply to ECB rate hikes – but would have saved more if they had switched earlier
Source: IrishTimes - 🏆 3. / 98 Read more »

Irish mortgage rates see third monthly increase in a rowNew figures from the Central Bank show that the average interest rate on a new mortgage in Ireland rose for the third month in a row in March to reach the highest level since 2017.
Source: RTEbusiness - 🏆 16. / 61 Read more »

8 Beautiful Beach Pieces To Get You Sorted For Your Summer HolidaysSTELLAR Magazine, Irish Fashion, Irish Women's Magazine, Irish Beauty, shops in Ireland, celebrity news, glossy magazine, Fade Street, make-up tips, Irish style, Vip Magazine Group
Source: stellarmagazine - 🏆 25. / 51 Read more »

Dream Dinner Party... With Author Vicki NotaroSTELLAR Magazine, Irish Fashion, Irish Women's Magazine, Irish Beauty, shops in Ireland, celebrity news, glossy magazine, Fade Street, make-up tips, Irish style, Vip Magazine Group
Source: stellarmagazine - 🏆 25. / 51 Read more »

7 Books We're Dying To Read This MonthSTELLAR Magazine, Irish Fashion, Irish Women's Magazine, Irish Beauty, shops in Ireland, celebrity news, glossy magazine, Fade Street, make-up tips, Irish style, Vip Magazine Group
Source: stellarmagazine - 🏆 25. / 51 Read more »