Haven launches green mortgage with rate of 2 15% rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Is now a good time to lock into a 20-year mortgage? rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Head of credit with MyMortgages.ie Joey Sheahan said mortgage holders want a greater sense of security.
He said no immediate action was required, but this could be the perfect opportunity for thousands of mortgage holders to review their current contract with a view to switching to a better rate.
“Although the future of Ulster Bank is still unclear, even if they do decide to exit the Irish mortgage market, they will still have a duty of care to current customers and obligations to fulfil in that regard, so mortgage holders should not be worried or anxious,” he said.
“That said, it would be prudent to look at this time as a chance to review your current position mortgage-wise – primarily, what rate you are paying, and how this compares to what is currently being offered in the market.”