According to the latest Irish Independent Doddl.ie Mortgage Switching Index, up to 100,000 mortgage holders in Ireland are overpaying on their home loans.

While fixed rates have reduced significantly over the last 18 months, the same cannot be said for variable rates.

Martina Hennessy of Doddl.ie said that “unless more borrowers actively review their rates and switch, there’s no pressure to bring these uncompetitive rates down and we will struggle with pricing discipline in the Irish market.”

Charlie Weston, Personal Finance Editor with the Irish Independent, spoke to Ian Guider on Wednesday's The Last Word.

Hit the ‘Play’ button on this page to hear their chat.