Charlie Weston

So if you have 15, 20 years left on the mortgage, you could fix for life, for example, a 3.4%.

If you've got a loan to value of 80% or better,

You have certainty and you can just forget about it.

I mean, you don't look back in a decision like that.

It's like selling a share.

You don't kind of keep looking at where it's gone.

I'm clear here, you know, for 30 years, we know exactly what the payments are every month.

There's no change.

And you can make overpayments of 10% a year.

So if you came into a few, Bob, you could be paying down a bit of it.

So, you know, there are options and, you know, people need to examine it at the moment because we're into a changed environment.

It is, some experts think rates, European Central Bank rates could go up twice, three times this year.

And that will translate into higher mortgage costs, higher fixed rate costs.

They may well be able to switch.

I mean, a lot of people are switching at the moment.

And the main motivation is to save money rather than to release equity, which used to be last year, according to the...

Irish Independent Doddle Mortgage Switching Index, which Martina Hennessy puts together.

If you're in the lucky position of a 50% loan to value, as your texter is, David, they've got options.

I mean, banks want to loan to you because you're a low risk.

You're a very low risk.