If you’re looking to save some cash, here’s why switching your mortgage now could be a big help

Brought to you by AIB

While it can be a tricky process, there are so many handy benefits that come with switching your mortgage.

Switching mortgages is an idea many of us shut down immediately, dreading the paperwork and effort that can come with it. When you've already been through the mortgage process once before, it's easy to wonder why you'd go through all that hassle again, especially if you found it to be a stressful process the first time round. But there are some pretty amazing benefits that can come with making the switch. AIB, for example, offer loads of handy benefits for switchers, including the possibility of saving on monthly repayments and some handy cashback, making it an option that's well worth considering if you're looking to save some money. With that in mind, here are some of the top reasons why switching your mortgage could be the right the decision for you...

1. You could save on monthly repayments

As we're all feeling the effects of inflation and rising living costs, anything that saves you a bit of cash on your monthly payments is well worth looking into. And it turns out that switching mortgages is one change that could help you save some money every month. AIB offers competitive fixed and variable interest rates, so you could stand to save some cash on your monthly repayments if you make the switch. You can use their handy online calculator HERE to find out exactly how much you could save by switching.

2. You'll receive €2,000 cashback

What would you do with a spare €2k? Maybe book a last minute sun break, kickstart some home renovations or treat yourself to some retail therapy? When you switch your mortgage to AIB, you'll get €2,000 cashback deposited into your account within 2 months of your mortgage drawdown. You can spend that extra cash on whatever you like, be that covering any costs that come with switching or any other upcoming expenses you have in mind. Ideal!

3. You can say goodbye to maintenance and transaction fees

Ever wish you could say goodbye to those pesky hidden fees that eat away at your current account? If you make the switch, that could be possible! When you’re a personal mortgage customer with AIB, you won’t pay transaction or maintenance fees on the AIB current account you use for making mortgage repayments on the home you live in, a very handy added bonus for switchers. There's no doubt that switching mortgages can be a tricky process so, when you are ready to make the change, it can be handy to go about it in a way that's convenient for you. That's why AIB are trying to make the process as simple and straight forward as possible, by letting you switch online, over the phone or in your local branch - whatever suits you best! Find out more about making the switch to AIB HERE. Brought to you by AIB