7 Jul, 2019

Who are the types of customers who switch their mortgage?

So, here’s how it goes. You’ve spent what feels like half your life dreaming about owning your first home. You have poured your hopes and dreams into every part of the process, and by the time you have turned the key, you have made considerable sacrifices to make your dreams come true.

You might have worked overtime, not upgraded your car when you needed to, or stayed at home instead of taking that holiday. And on top of it all, the whole process has broken you down emotionally (and your patience is probably pretty shot too). So, it’s little wonder why you might be excused for not taking the time to review your mortgage terms. But what if I told you that on average, customers who fail to review their mortgages and sign up for “the lower rates are missing out on average savings of €18,00 a year. For a family with a larger mortgage of €300,000, annual savings of €4,200 can be made.”

Don’t believe me? -Try our mortgage savings calculator here

I’m pretty sure you would spend the rest of the afternoon deciding whether you are going to take that trip to New York, change the car or head straight to Brown Thomas for the bag that you’ve had your eye on but couldn’t justify the spend.

“Where do I sign up?” I hear you say, and “What is the catch?” The honest answer is, there isn’t one (the catch I mean, you can sign up here!). I say this because, trust me I know, it can just be a little overwhelming.

Who can switch?
There are four main types of customers:
1- Someone coming out of a fixed rate term, has been notified by existing provider and want to shop the market to find a suitable product specific to their needs
2- Someone who needs a top up to their existing mortgage – maybe because they want to carry out renovations to their existing property
3- Debt consolidation – may have an additional debt stand alone to their mortgage e.g. home improvement loan
4- Someone who has never reviewed their rate since drawing down their mortgage

So what next? Do your future self a favor and get in touch with us today! Contact Us

Related Posts
Savings of €5,000 on your mortgage available to lockdown switchers with doddle mortgages
9 May, 2020

Savings of €5,000 available to lockdown switchers

As featured on – Irish Examiner, Extraie, Breaking News, Irish Tatler, RSPV live Savings of €5K available to lockdown switchers The average household can offset some of the financial impacts of Coivd-19 by saving €5,000 per annum in three... [...]
Mortgage switching savings for each Irish county revealed
1 Jun, 2020

Mortgage switching savings for each Irish county revealed

The spread between the highest and lowest interest rates available on the market  has now grown to 22% This gap between repayments on the lowest mortgage rate at 23% and the highest at 45% is now 27%, meaning that some homeowners are needlessly... [...]
3 easy way to get your mortgage into shape in 2020
16 Dec, 2019

No sweat: here’s the easy way to get your mortgage into shape in 2020

Hands up who’s already planning to sign up for a gym membership when January rolls around One last splurge over Christmas and then it’s New Year, new you Good luck, but be warned: the odds are not in your favour You’re fighting one of the most... [...]