It will take a bit of time and effort but switching your mortgage could save you a lot of money in the long-term. Switching could save you up to €3,000 a year depending on what rate you are on and the process is not as difficult as you may think. Mortgage holders who are on standard variable rates are best placed to switch. Switching will be an option for most people who took out a mortgage after 2008, as these customers are most likely paying a variable or fixed rate. The cost associated with switching provider is usually between €1,000 and €1,100. Banks are offering anything from €1,500 to 2% of the loan amount for you to move from your existing lender. Cash-back offer, unless specifically for legal fees, cannot be used for legal fees on the switching application. You would need to show the new lender that the funds are already in place to pay this fee.