Switching your mortgage is the biggest thing you can do to save money, but if you’re considering switching mortgage what’s the best switcher mortgage Ireland 2024?
There are seven different mortgage lenders in Ireland right now, with over 250 different mortgages on offer.
In this rundown we will recommend the best switcher mortgage Ireland 2024 short term, the best switcher mortgage for the long term and the best switcher mortgage for multiple mortgage switchers.
The right switcher mortgage for you depends on whether you are looking to switch mortgage and stick or if you want to switch mortgage multiple times.
Based on our review of all 250 switcher mortgages in the Irish market we recommend the following options if your looking to switch mortgage.
- Best switcher mortgage Ireland 2024 short term switching – Avant Money 7 year Fixed Rate
- Best switcher mortgage Ireland 2024 long term switching – Avant Money 15 year Fixed Rate
- Best switcher mortgage multiple switcher Ireland 2024 – PTSB Variable Rate (Handle with care)
| Rank | Mortgage Product | Rate Value | Repayment Security | Ease of Approval | Approval Speed | Overall Rating |
| #1. | Avant Money Mortgage 10-30 Yr Fixed | 4.25 | 5.0 | 4.0 | 5.0 | 4.58 |
| #2. | Avant Money Mortgage 7 Yr Fixed | 4.25 | 3.5 | 4.0 | 5.0 | 4.13 |
| #3. | Haven Mortgage 10 Yr Fixed | 3.5 | 4.0 | 3.5 | 5.0 | 3.95 |
| #4. | Avant Money Mortgage 5 Yr Fixed | 4.5 | 2.5 | 4.0 | 5.0 | 3.90 |
| #5. | Haven Mortgage 7 Yr Fixed | 4.0 | 3.5 | 3.5 | 3.0 | 3.55 |
Rating Weighting: Rate 30%, Security 30%, Approval 20%, Speed 20%, updated 26/09/2023
Read on to see how you can switch mortgage and how much you could save.
- Long Term Switcher – Switcher Mortgage Ireland 2024
- Short Term Switcher – Switcher Mortgage Ireland 2024
- Multiple Switcher, Cash back Hack – Switcher Mortgage Ireland 2024
- What you should do, the verdict – Switcher Mortgage Ireland 2024
If you want to see how different providers compare on your mortgage you can click here.
Best Long Term Switcher Mortgage – Switcher Mortgage Ireland 2024
| APRC at LTV <50% | AIB | Avant Money | Bank of Ireland | Haven |
| 10 yr | 4.04% | 3.92% | 4.40% | 4.40% |
| 15 yr | — | 3.48% | — | — |
Compiled by Moneysherpa correct as of: 13/01/2026
The Avant Money 15 year fixed rate product has the lowest introductory rate in the market for the first fifteen years, with a market leading APRC over the lifetime of the mortgage for anyone looking to switch their mortgage.
If you know you staying put and want to lock out future interest rate rises this may be the mortgage for you.
The leading score on rate, whilst not dropping many points on the basis of flexibility, makes the Avant Money 15 year fixed product the best mortgage rate choice overall if you are switching mortgage.
Best fixed short term mortgage rate – Switcher Mortgage Ireland 2024
| Fixed Term APRC | AIB | Avant Money | Bank of Ireland | EBS | Haven | ICS Mortgages | MoCo | Nua Money | Permanent TSB |
| 3 yr | 3.76% | 3.79% | 4.20%* | 4.30% | 4.20% | 4.31% | 3.88% | 4.60% | 4.29% |
| 4 yr | 3.76% | 3.70% | — | — | — | — | — | — | 3.96% |
| 5 yr | 3.79% | 3.97% | 4.20%* | 4.40% | 4.20% | 4.27% | 3.79% | 4.41% | 4.16% |
| 7 yr | 3.90% | 3.95% | — | — | 4.30% | — | — | — | 4.05% |
Compiled by Moneysherpa correct as of: 13/01/2026
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If you want to save on legacy rates, but want to keep your options open then there are still some good mortgage switching options out there.
If you have a sparkling credit history the Avant Money 5 year and 7 year fixed are a great deal.
Multiple Switch, Cash Back Hack – Switcher Mortgage Ireland 2024
Irish Mortgage providers use either introductory fixed rates or once off cashback offers to tempt new mortgage switchers.
Cashback offers from EBS, PTSB and Bank of Ireland give you 2% of the total mortgage amount back in cash when you switch mortgage. So on the average mortgage switch of €240,000 that’s €4,800 in cash at drawdown as shown below.
| Compare Cash back | Cash back Min | Cash back Max | Cash back Conditions |
| MoCo | 1% | 1% | Switcher |
| Avant | 1% | 1% | All until 31/12/2025 |
| Haven Mortgages | €3,000 | €5,000 | Switcher, €5,000=>€250,000 not 4yr green rate |
| AIB Mortgage | €0 | €2,000 | Switcher Only |
| Permanent TSB | 0% | 2% | 2% not available to 4 year fixed term. |
| EBS Mortgage | 2% | 3% | 2% on drawdown 1% after 5 years. |
| Bank of Ireland | 2% | 3% | 2% on drawdown 1% after 5 years. |
Rates updated 26/05/23
Mortgage switchers should tread carefully though as the rates from these providers are some of the highest in the market. Surprise surprise, as you can see from the table below the highest follow on and variable rates for those switching mortgage are with the three providers with the cash back offers.
| Variable Rate | AIB | Avant Money | Bank of Ireland | EBS | Haven | ICS Mortgages | Permanent TSB |
| Up to 50% LTV | 3.75% | 3.75% | 4.15% | 3.75% | 3.75% | 4.10% | 4.40% |
| Up to 60% LTV | 3.95% | 3.75% | 4.15% | 3.95% | 3.95% | 4.10% | 4.40% |
| Up to 70% LTV | 3.95% | 3.75% | 4.15% | 3.95% | 3.95% | 4.10% | 4.50% |
| Up to 80% LTV | 3.95% | 3.95% | 4.15% | 3.95% | 3.95% | 4.10% | 4.50% |
| Up to 90% LTV | 4.15% | 3.95% | 4.15% | 4.15% | 4.15% | 4.10% | 4.70% |
Compiled by Moneysherpa correct as of: 13/01/2026
If you are prepared to switch mortgage multiple times though you can get your hands on the cash back offers without paying the higher on-going rates. One of the few times you can really have your cake and then get to eat it afterward.
So if you take out a variable mortgage with PTSB you can take up the cashback offer, then switch mortgage to Bank of Ireland take out another variable rate cashback offer, then EBS for your final variable rate cashback offer.
On the average switcher mortgage of €240,000 that’s
- €4,800 Cash Back (PTSB)
- €4,800 Cash Back (BoI)
- €4,800 Cash Back (EBS)
- Total Cash = €14,400
Even better when you have picked up your cash from EBS you can then switch to a fixed rate deal through a broker with Avant Money to get on a low interest rate.
This last step is really important as it can save you as much as the multiple switch hack.
In our view the smartest thing to do is to switch mortgage once to the best rate and save yourself all the hassle.
What You Should Do, the Verdict – Switcher Mortgage Ireland 2024
So should you make multiple mortgage switches?
Taking the cash back offers and switching mortgage multiple times is perfectly legal. As long as you choose a variable rate rather than a fixed rate you aren’t tied in to a minimum period before switching mortgage.
You will have to pay solicitors fees though for each mortgage switch, these come in at around €1,300 a switch, although many solicitors will knock a bit off for multiple mortgage switches if you haggle.
You also need to be prepared to put in the hard yards, although mortgage switching is a lot easier than taking out a new mortgage, switching mortgage 4 times over isn’t to be taken lightly.
Finally, mortgages are a major financial commitment and can be pretty complex. While you’re working through your multiple mortgage switching master plan, the market might change, the providers conditions might change and your own circumstances might change.
For most people then switching mortgage once to a lower ongoing interest rate is the best policy. You still save thousands without all the hassle and risk of the multi mortgage switch strategy.
That’s why we don’t recommend the multi switch strategy. The reality is that although on paper the multi switch strategy makes sense, for most of us life gets in the way and it’s way too much hassle.
We would recommend using a broker to help mortgage switchers switch to a fixed rate product with a low ongoing rate. The lenders with the lowest rates can usually only be accessed by brokers, many brokers are free to use and they can take the pain out of the paperwork.
| Rank | Mortgage Product | Rate Value | Repayment Security | Ease of Approval | Approval Speed | Overall Rating |
| #1. | Avant Money Mortgage 10-30 Yr Fixed | 4.25 | 5.0 | 4.0 | 5.0 | 4.58 |
| #2. | Avant Money Mortgage 7 Yr Fixed | 4.25 | 3.5 | 4.0 | 5.0 | 4.13 |
| #3. | Haven Mortgage 10 Yr Fixed | 3.5 | 4.0 | 3.5 | 5.0 | 3.95 |
| #4. | Avant Money Mortgage 5 Yr Fixed | 4.5 | 2.5 | 4.0 | 5.0 | 3.90 |
| #5. | Haven Mortgage 7 Yr Fixed | 4.0 | 3.5 | 3.5 | 3.0 | 3.55 |
Rating Weighting: Rate 30%, Security 30%, Approval 20%, Speed 20%, updated 26/09/2023
The payback might not be as immediate as with the multi switch strategy, but for much less work you will still save thousands and get the best value.
If you are prepared to put in the work and take on the risks involved in a multi switch strategy however, don’t forget to talk to a broker about that final step to switch to a long term lower rate, otherwise you will lose almost all you gained by collecting those cash backs in the first place.
What’s Next – Switcher Mortgage Ireland 2024
It makes more sense than ever for mortgage switchers to compare mortgage rates with massive savings available. There probably isn’t another financial decision that has as big an impact on your wallet.
Overall, the Avant Money 15 year fixed rate came clearly out on top as the overall best mortgage rate, which saves an amazing €20,000+ for mortgage switchers in most cases. Avant Money’s 7 and 4 year products are also a great choice for those looking for shorter or medium fixed terms.
If you want to see what you could save by switching mortgage you can calculate your mortgage repayments here.
You can also check out our deep dive reviews into the best mortgage rates and products by clicking the links below.
- Compare Mortgage Rates including all the rates side by side
- Best Fixed or Variable Rates comparing the certainty of fixed versus lower cost variable
- Best Fixed Rate diving into short, medium and long term rates and what’s best for you
If you want to know more about mortgage switching you can click here.
If you want to get your savings started right now, set up a free no obligation video call with a mortgage sherpa here.
Switcher Mortgage Frequently Asked Questions
What is a switcher mortgage?
How long does a switcher mortgage take?
How many people switch mortgage Ireland?
Can you switch mortgage anytime?
How to switch mortgage provider?
What is mortgage switching?
How much does it cost to switch mortgage providers?
1) A solicitor gathers the right paperwork and checks the terms of the new loan. The fees usually come in between €1,350 to €1,600 including VAT.
2) An estate agent values your home. So the bank can put you on the right rate and usually comes in at €150 excluding VAT.
How much are the legal fees to switch mortgage?
Do I need a solicitor to switch mortgage?
How much to switch mortgage?
How long does it take to switch mortgage lenders?
Then you need to get a solicitor involved to handle the contract paperwork. Finally, a local estate agent selected by the new lender values the property.
What is involved to switch mortgage provider?
1. Find the best lender using an online calculator
2. For credit approval you will need to prove who you say you are and provide evidence of your ability to repay the loan. To confirm you are on the right rate the new lender will also ask you to get your home professionally valued.
3. Now comes the legal bit, which is much simpler than when you buy. Your solicitor gets the paperwork sorted, checks you understand it and you sign.
4. When all the boxes have been ticked your new lender will ask you to fill in a new direct debit to collect your repayments.
How to switch mortgage provider?
Step 1 – Calculate your mortgage savings online
Step 2 – Find a mortgage broker fully paid for by the lenders
Step 3 – Gather your paperwork, bank statements and salary certificates
Step 4 – Use your broker to manage the solicitor and estate agent
Step 5 – Enjoy your new mortgage savings every month
How easy is it to switch mortgage?
How do I switch mortgage lenders?
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How often can you switch your mortgage provider?
How many times can you switch mortgage?
When can you switch mortgage?
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Can you switch from a fixed rate mortgage?
Can you switch mortgage if in negative equity?
How much will I save if I switch mortgage?
Annual Percentage Rate Charge (APRC) calculated on a €100,000 loan over 20 years. APRC represents the average rate across the lifetime of a typical mortgage and is recommended as the best rate to use for comparisons by the CCPC. [1]
