Irish Examiner: Irish mortgage rates remain second highest in Europe


Trevor Grant, Chairperson, Association of Irish Mortgage Advisors (AIMA) said the figures throws light on “just how much borrowers may be overpaying.”

“Many mortgage holders are paying rates in excess of 3.5% when they could be paying anywhere from 1.95% – 2.35% and saving thousands in monthly repayments and interest over the remaining term of their mortgage.” 

While Mr. Grant said lenders themselves have to take steps to bring costs down for their customers, mortgage holders also have control over what they pay.