Best and worst mortgage rates reveal €37,000 gap

The gap between the best and worst mortgage rates now on the market could see a first time buyer paying €37,000 more than necessary, if rate differences were maintained over the period of their loan, according to a review of the mortgage rates available from top lenders by mortgage brokers Simply Mortgages.

Simply Mortgages undertook the rates review to highlight the importance of homeowners undertaking regular assessment of their mortgage borrowings to ensure that they are with the most competitive lender.