Mortgage holders urged to rene...


Mortgage holders urged to renegotiate fixed rate agreements

RedFM News
RedFM News

10:16 5 Sep 2022

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Mortgage holders are being encouraged to try and re-negotiate their fixed rate agreements before repayment costs soar in years to come.

Officials from the European Central Bank will meet on Thursday with a 0.75% hike in rates expected to be agreed.

A family who waits until their current agreement runs out could face paying up to €1,500 more to lock into a new five year rate.

Martina Hennessy from mortgage information website has this advice for anyone looking for a way forward.

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