Irish Independent: Home Economics: Our property finance expert answers your questions


Trevor Grant of the Association of Irish Mortgage Advisors (AIMA) says “This period of downtime is an opportunity to get your financial affairs in order; a mortgage is most people’s largest monthly outgoing, so the savings that can be made by switching are generally larger than the combined benefit of switching utilities, mobile phone and health insurance”.

He adds that rates have reduced considerably with the lowest hovering around 2.2%, with many lenders covering the costs of the process.