Experts have warned that those on a fixed rate mortgage could see themselves losing out by overpaying almost €16,000 over the next three years.
Read more: Cost of living Ireland: You can save €167 by turning off ‘vampire devices’ that secretly cost money "The lowest rate on the market's a 3.25 per cent three-year fixed. The highest is a three-year fixed for the same loan at 6.2 per cent", she explained. “And with nine lenders in the market, without advice, the chances are you may not land on the right option.”
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