This article was updated at 2pm on October 15, 2018.
“HOW MUCH MONEY is switching my mortgage really going to save me?”
“How do I start shopping around between mortgage providers?”
“What does LTV mean?”
Earlier this year, TheJournal.ie partnered with the Competition and Consumer Protection Commission to survey our readers about the mortgage switching process: what they were aware of, what they didn’t know and what they wanted to learn more about.
Although over half (54%) of respondents had considered switching and 78% knew what their current interest rate was, there were some uncertainties about the process: 44% weren’t sure if they’d have to pay a solicitor fee or not in order to switch, and 27% said they’d be put off by the hassle involved.
Feeling confused or uncertain yourself, or just have something you’re wondering about? We got the mortgage switching lowdown from Áine Carroll, director of communications at the CCPC in a live broadcast on our Facebook page earlier this afternoon.
As well as sharing questions from some of our survey respondents, we took live viewer questions too, and got advice from Áine on how to navigate the switching process.
Watch the broadcast back here:
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