Mortgage costs could rise by €16,000 for those who don’t get the best fix

Homeowners coming to the end of fixed rates could end up overpaying by up to €16,000 in the next three years, if they make the wrong move with their mortgage.

This is because the gap between the highest and lowest new business fixed rates on the market has widened to a high of almost 3pc, the Irish Mortgage Switching Index has found.

Some 285,000 mortgage holders are on fixed rates, which have insulated them from rapid-fire European Central Bank (ECB) rate rises…


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