Saturday 25 November 2017

CCPC take the pain out of switching mortgage

There’s a lot of talk about switching your mortgage these days. But how can you be sure you’re getting the best deal? Competition and Consumer Protection Commission (CCPC) has a quick, easy and impartial online tool to help you find out.

Mortgages are confusing at the best of times. Getting one takes serious determination, planning and months, sometimes years of execution. So why undo all your good work by switching? Well, because you could save a lot of money, even thousands of euro over the life of your mortgage. It’s a very big thing though to ditch your current mortgage provider and jump ship to another, but as a paying customer, you deserve the best value on the market.

Switching mortgage
Switching mortgage

There are a whole slew of mortgage providers out there competing for your custom and there are some seemingly very good special offers out there. However, they may not be what they seem and you’d be advised to make any decisions based on the total cost of your mortgage rather than any short term benefits on offer.

So how do you know you’re getting the best deal? Fortunately the CCPC has a very quick and easy mortgage switching tool to help you find out. All you have to do is go to, enter the details of your current mortgage such as value of your house, amount left on your mortgage and current monthly repayments and the site will compile all the data on the mortgage on the market place to see if you could potentially save by switching. If you find a better deal using the mortgage switching tool, make sure you talk to your current provider before you switch, they might well match the terms of the other deal.

Not only does it take the pain out of the search, it cuts out the need for a middle man and can save you a lot of money.

The Competition and Consumer Protection Commission (CCPC) is the statutory body responsible for enforcing consumer protection and competition law in Ireland. Its mission is to make markets work better for consumers and businesses. Click here to find out more.

Sponsored by: CCPC

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