K Country

8pm - 10pm
Liam Kett

Listen Live Logo

Listen Live Extra Logo

Study: Homeowners Could Save €3,400 A Year By Switching Mortgage Lenders.

: 09/16/2019 - 13:14

Homeowners could save an average of 3,400 euro a year by switching mortgage lenders.

That’s a rise of almost 900 euro compared to last year, according to the Irish independent.

Homeowners are losing thousands of euro a year by failing to switch mortgage lenders.

The Irish Independent Mortgage Switcher Index has calculated the potential savings and found that the gap between current rates has grown by 2.2 percent.

This equals to average savings of 281 euro a month or 3,400 euro a year.

Earlier this year the Central Bank introduced new rules to make it easier for customers to switch mortgage providers.

But Daragh Cassidy from price comparison website bonkers.ie says people are still sticking with the same bank:

Eligible home owners are being advised to check with their bank for a lower rate or consider switching.



Stock image



About Us

Kfm broadcasts on 97.6fm and 97.3fm to all parts of county Kildare 24 hours a day from the state-of-the-art Kfm Broadcast Centre, Newhall, Naas, Co. Kildare and around the world on this website.

Our aim is to entertain and inform our listeners, with the best music, local news and current affairs plus top class live sports coverage.

Remember, Kfm is your local station; we’re always interested in hearing your views and suggestions about the radio station.  You can find all of our contact details on the Contact Us section of the site.

Enjoy your visit, thanks for listening and spread the word about Kildare's Kfm!