What is the one thing that most people don’t review yet is likely to be their largest financial commitment? Their mortgage.
Your mortgage needs, rates and terms all change over time. The mortgage provider you started with may not be the best lender to suit your currents. If you are rolling off a fixed rate in 2026 or you are on a variable rate it is so important that you review your mortgage options. Interest rates range from 3% to over 6% in Ireland, ensure you pay as little as possible on your mortgage.
There are now 10 lenders in the Irish mortgage market, if you go to one lender you are missing out on what 90pc of the market has to offer and chances are you will not get the best rate for you.
We are now borrowing more to fund home purchase so it is more important than ever that we review, what is for most, their largest financial commitment.
Make 2026 the year you take control of your mortgage, know what interest rate you are paying and ask the question – can I save by switching my mortgage?
Mortgage Rates in Ireland –
The gap between the highest and lowest rate on the market is now a huge 3.15%. This can result in savings of hundreds of thousands for the average mortgage holder.
How many people switch mortgage in Ireland?
Latest figures show a 58pc increase in mortgage switching value as mortgage holders seek out lower rates in a more competitive mortgage environment. Rates increased from 2022 to 2024 but reduced and stabilised in 2025 with the lowest rate on the market now starting from 3pc.
Who can save by switching?
Those saving big by switching are homeowners who, as a result of recent property price inflation, are now eligible for lower loan to value rates. Anyone who has carried out home improvements and improved the building energy rating of their home may also be in a position to unlock some of the lowest rates on the market, Green mortgage rates.
Topping up your mortgage for home renovation –
Another big trend in switching in 2025, which is likely to continue into 2026, is the rise in the number of homeowners using the equity in their home to renovate. At doddl 51pc of our mortgage switchers are releasing equity to carry out home improvements or clear a home improvement loan. Due to issues with the supply of family homes and with mover mortgage figures at an almost 10 year low, many homeowners are renovating rather than relocating.
Is switching mortgage difficult?
Mortgage Switching was once perceived as an arduous task however is now made simpler with reduced document requirements and cashback offers for switchers.
Cashback ranges from €1,500 to 2% of your mortgage back as cash e.g. a €400,000 mortgage banks are offering an €8,000 cash back amount to switchers.
At doddl we have a team of mortgage experts who can tell you if you can save by switching, if you can then we can help you complete the switch – all part of our free service.
Start by providing some initial information and we will revert with your options, its as easy as that! Start here -> Could I save by switching?
