Carrot/stick
Registered User
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It's a general indication of the amount people are overpaying on their mortgage.
For example, if you have a mortgage of €250k , you are paying around 1.5% more than the eurozone average, which is €3,750 or about €300 a year.
Brendan
Sorry for sticking my oar in again but in 2005 I had mortgage approval in France and Ireland. In France it was 25yrs fixed at 1.75% for the term. In Ireland it was 2.8% discounted svr for 1 year and 3.25% thereafter 25yrs as well. In Ireland though I didn't have access to all lenders I think. I went through a broker. In France I could only borrow about half of what I could in Ireland. I think we have always paid more than mainland Europe at least in my limited experience.