Remortgages in ireland are very popular and this element of the mortgage market will continue to grow over the coming years. Recent competition has seen some mortgage movement on account of mortgage rate differentials but this is only a fraction of all mortgage holders.Most mortgage holders are happy to stay where they are despite paying higher rates with their existing lenders. The refinance catgory has been growing at a much faster rate in recent years with the driver of this market being a mixture of investment and debt consolidation.The Financial regulator has expressed concern about individuals refinancing short term debt over very long periods and lenders are now obliged to advise the client the extra interest they will pay as a result of this form of refinancing.