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Thu 02 Feb 2007Switcher mortgage business heats up marketThe emergence of cheaper home loans has intensified competition in the €39.9 billion mortgage market with new data showing the value of mortgages switched between lenders rose to a record high in the final quarter of 2006.Homeowners who moved their mortgage to a new lender made up more than 16 per cent of the market - a larger slice than ever before, according to new figures from the Irish Banking Federation (IBF).