A narrow window is available now for home owners to lock into good value fixed rates, most likely with other lenders.

What's going to happen interest rates?

Nobody knows is the simple answer but an optimistic scenario is as follows.

• 2023- rates increase further.
• 2024 - rates flatten out at high levels as inflation subsides.
• 2025 - inflation gets under control at around 2% and rates steady or drop slightly
• 2026- base rates remain at 2% for medium term and banks charge margins in region of 1.5% to 2% over base rates

So an optimistic outlook, in our opinion, is that in a few years time mortgage rates may stabilise around 4%.This rate is more like the norm that many young buyers have never seem. Prior to the financial crash, the conventional wisdom was that fixing at 5% for 5 years was attractive.

This is an optimistic scenario and mortgage holders should act conservatively when considering the risks to their personal finances and act prudently to protect their wealth.

Would you like a guaranteed fixed rate for the rest of your mortgage?

• The One Mortgage product has one rate fixed for the term of your mortgage.
• You can overpay by up to 10% of the balance on the mortgage each year without penalty
• You can carry the mortgage to another property if you move house.
• €1,500 available for switchers with a loan value of €200,000 or greater.
• Rates from 3.95% fixed for full term - apply today. Terms and conditions apply

Apply Now Switcher Mortgage Application Portal

Review the latest frequently asked questions here

 Reasons to switch include:

• Get cash incentives to switch
• Save thousands over the term of your mortgage through lower rates.
• Knock years off the life of your mortgage.
• You may qualify to overpay by up to 10% of your mortgage balance each year even when your rate is fixed.
• No mortgage arrangement fees
• Full online application process