Most consumers not planning to switch mortgage provider

Latest CSO inflation figures show prices rose by 5.6% in February, on a year-on-year basis. File picture

Only 7% of Irish consumers plan to switch mortgage provider this year, while nearly 60% do not plan to switch their financial providers at all, according to a survey.

The study, conducted on behalf of insurer Royal London, shows that 58% of consumers have no switching plans despite rising inflation and the cost of living continuing to tighten.