Comparing a 7.27% three-year fixed mortgage quote near Dublin

Yes, liquidity is the caveat. The LTV improvement might produce a clear mortgage saving, but draining the cash buffer to obtain it can make an otherwise affordable purchase fragile. Put the current deposit and the larger-deposit option side by side rather than treating the tier as free money.
 
One more detail for the early-repayment questions: separate routine overpayments from full redemption. A lender's treatment of small additional payments may not tell you the cost of selling or refinancing during the fixed period. Ask for both situations in plain euro examples based on the proposed loan.
 
The decision rule I would use is: first reject anything that fails monthly affordability or leaves too little cash; then compare three-year interest, fees and remaining balance; finally test no-refinance, early-sale and higher-reset scenarios. Portability is valuable only if its conditions match a move you could realistically make.
 
And because the advertised rate was lower, ask for a written breakdown of exactly what moved the quote to 7.27%—LTV, fees, the particular product or a different figure being displayed. Until that reconciliation is clear, I would keep other lender quotes open rather than trying to rationalise this one from the headline alone.
 
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