Working together we can accelerate your mortgage switch

We operate a mutual success process whereby we commit to completing our part of the process in a timely fashion and in turn we ask you to complete your side of the transaction efficiently. This approach leads to faster turnaround so that you can start saving on your new mortgage as quickly as possible.

Your part of the deal!

Complete the mortgage switch application form on our online mortgage portal and upload all the requested information. Deal with any queries arising in a timely manner.

Provide us with copies of your existing mortgage protection and home insurance policies.

Our part of the deal!

Internal assessment and recommendation of suitable lender to you, supported with details backing up the recommendation.

Processing application with lender, dealing with lender and legal queries, arranging approval, arranging the house valuation and organising your loan offer.

Ensuring all is in order for closure.

Working together we can target a new mortgage facility being in place within 4 to 6 weeks.

Resistance to mortgage switching

Research has identified a range of reasons to help explain why only 10% of mortgage holders switch lender.

• Contentment with existing lender despite cheaper rates being available elsewhere and comfort in having all your banking needs met in one place.
• Loyalty to your existing lender and feeling that your excellent track record will benefit you in the future.
• Believing that the switching process is daunting
• Not being sure of the level of savings you will make
• Not knowing which lender to switch to
• Not wanting to incur switching costs

We can help you in dealing with these obstacles to switching.

• If your existing lender offers the best market value, we will tell you so
• We will look after all the administration for you
• We will set out clearly the savings you will make on switching
• We will recommend the most suitable lender for your circumstances
• Our service is free

Switching when currently on a fixed rate mortgage

Most Irish mortgage holders are on fixed rate mortgages. The typical fixed rate period is three to five years. When the fixed rate is over your mortgage will move to a variable rate, unless you agree to a new fixed rate.

If you are on a fixed rate that is higher than existing fixed rates on the market, you should consider switching. The easiest way to learn about current market rates is to talk to one of our consultants at mortgages.ie. It's a free service, so nothing to lose and potentially much to gain.

There may be a cost to breaking your existing fixed rate and you should ask your bank for details of any break fee. You should also ask them to provide quotes for a new fixed rate.

Switching mortgage should be part of your financial planning

Our business was established in 1994.

We have seen lenders come and go, rates going up and down, economic growth and recession and we have all got older and maybe a bit wiser! Some good stuff and some bad, but change is constant!

Most of us pay insufficient attention to financial planning. Approximately 60% of Irish adults do not have a written financial plan.

Areas of personal finance we might all want to consider include pension planning, and protection planning through life insurance and income insurance. Consideration should be given to serious illness cover and health insurance. These are important decisions and all require resources. Paying less on your mortgage should be part of any financial plan.