There has been a big jump in the number of homeowners planning to switch their mortgage.
This follows the European Central Bank (ECB)’s decision in June to hike its key interest rates, with another rise expected next month.
New figures from the banks show that last month, the number of mortgage holders approved by a lender to switch provider was up 72pc when compared with the same month last year.
Close to 900 homeowners got the all-clear to switch mortgage provider last month, according to the Banking and Payments Federation Ireland (BPFI).
And the numbers approved for a top-up to their mortgage were up 25pc in the year to 443 in July.
Mover-purchase activity also grew, with 1,255 approvals valued at €482m in July, the highest monthly volume since July 2021.
Read the full details in Irish Indepenent
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