Home Economics: I’m coming off a fixed-rate mortgage and worried I can’t afford the new rates. What are my options?

Mortgage brokers have offers with non-bank lenders which you cannot access directly yourself as a switcher. Photo: Getty Images

Sinéad Ryan

Question

I’m worried about my mortgage renewal. I’ve been on a five-year fixed rate with Bank of Ireland since 2019 and am due to have it renewed in June.