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Mortgage holders leaving thousands of euro on the table by failing to switch home loan providers

Three in five eligible mortgages could save more than €1,000 in the first year after switching to a cheaper lender and more than €10,000 over the remaining term of the loan, the research from CBI found.

Although switching activity among private dwelling home (PDH) borrowers had increased, the number of mortgage switchers is still low relative to the pool of those eligible.

The researchers also found that first-time buyers and those with mortgages dating from the peak years of the housing bubble were the least likely to take advantage of better deals.

Read full article: Independent.ie

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