Mortgage holders on either variable or fixed rates with less than two years to run need to act now to avoid challenging repayment hikes, experts have warned.
They say people rolling out of historic low fixed-term contracts in the next few years will face immediate rate increases of more than 1%.
Homeowners are paying an average €4,595 in extra mortgage repayments per year by not switching lenders, the quarter two doddl.ie mortgage switching index found.
