Monday 16 July 2018

Surge in homeowners fixing as mortgage war heats up again

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Dean Grey

Consumers can save thousands in payments as the mortgage battle between lenders heats up, according to MyMortgages.ie.

Experts are predicting an explosion in the fixed-rate mortgage market in Ireland.

KBC was the latest to slash its rates, following Ulster Bank's move, signalling savings of hundreds of euro each month, according to the mortgage brokers.

Joey Sheahan of MyMortgages.ie said: "Latest figures from the Central Bank support our contention, based on activity in the market, that fixed-rate mortgages are soaring in popularity."

He said people were flocking to make the switch to a fixed-rate mortgage from standard variable rates.

Irish Independent

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