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Mortgage Lenders Accused Of Banking On Apathy To Charge High Interest Rates

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Manage episode 500038718 series 1376029
Content provided by Today FM. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Today FM or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

According to the latest Irish Independent Doddl.ie Mortgage Switching Index, up to 100,000 mortgage holders in Ireland are overpaying on their home loans.

While fixed rates have reduced significantly over the last 18 months, the same cannot be said for variable rates.

Martina Hennessy of Doddl.ie said that “unless more borrowers actively review their rates and switch, there’s no pressure to bring these uncompetitive rates down and we will struggle with pricing discipline in the Irish market.”

Charlie Weston, Personal Finance Editor with the Irish Independent, spoke to Ian Guider on Wednesday's The Last Word.

Hit the ‘Play’ button on this page to hear their chat.

  continue reading

6549 episodes

Artwork
iconShare
 
Manage episode 500038718 series 1376029
Content provided by Today FM. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Today FM or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

According to the latest Irish Independent Doddl.ie Mortgage Switching Index, up to 100,000 mortgage holders in Ireland are overpaying on their home loans.

While fixed rates have reduced significantly over the last 18 months, the same cannot be said for variable rates.

Martina Hennessy of Doddl.ie said that “unless more borrowers actively review their rates and switch, there’s no pressure to bring these uncompetitive rates down and we will struggle with pricing discipline in the Irish market.”

Charlie Weston, Personal Finance Editor with the Irish Independent, spoke to Ian Guider on Wednesday's The Last Word.

Hit the ‘Play’ button on this page to hear their chat.

  continue reading

6549 episodes

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