SWITCH – AND FIX – YOUR MORTGAGE

With so much uncertainty about Brexit it might be a good time to switch your mortgage – and opt for a short-term fixed rate while you’re at it. That way you play safe – and possibly make oodles of money to keep in reserve. You could slash your monthly repayments if you switched to the best deal (Ulster Banks’s two-year fixed rate of 2.3%) from the worst (BoI’s 4.5% variable rate). There are penalties for breaking a fixedrate contract – but a short-term fixed rate shouldn’t be a problem.