Hi, story so far Original mortgage for €130k in 2002 for 25 years. We are down to our last 9 years with a prepay of €5,600 in credit. Balance left is €49000. at 4.5%, €702pm dd. Just see googled calculators for switching to 3.7% variable in UB For 9 years term left it comes back at €419 pm if we pay €10k deposit. Even if we didn't do the deposit and stayed with PTSB, switching to their fixed term 2yrs it will go to 3.7%. Now this is all gobblygook to me but it sounds too good to be true. We have lost our business and need a bit of breathing space for monthly repayments. If we switch that will give us a whole lot of freedom for monthly expenses. Is there a lot of hassle in switching?