Homeowners face a €587 a month hike as they roll off their fixed rate mortgage

Avant Money’s head of mortgages sees huge cost shocks in store – and his firm is positioning itself to take advantage of situation

For most mortgage holders switching is the single biggest thing you can do to save money, says Brian Lande, head of mortgages at Avant Money. Photo: Jason Clarke

Around €9bn worth of mortgages are set to roll off of relatively low fixed rates in the next three years and onto higher ones, according to an analysis of Central Bank data.

The analysis by Avant Money, a lender based in Carrick-on-Shannon, Co Leitrim, showed the average rate for those with fixed-rate mortgages expiring in September across Ireland was 2.9pc.

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