You can also save money on cheaper mortgage protection- it's easy.very easy!

Will you qualify for a remortgage?

Opportunities exist for switching to a cheaper lender, provided you meet current lending criteria.

.The criteria is typically as follows:

  • The maximum mortgage cannot exceed 80% of the current value of your home .Headline rate of 3.69% available for 75% ltv
  • If you are consolidating short term loans as part of your remortgage, the value of these cannot exceed €40,000
  • The maximum remortgage amount is usually not greater than 4 times gross household income
  • Normal lending criteria apply in regard to security of employment, well managed current accounts, and a clean credit record.
  • Credit card debt will not be refinanced by some lenders

Warnings on Debt Consolidation

If you consolidate debt the new loan may take longer to pay off than previous loans.This means you may pay more than if you paid over a shorter term. Mortgage terms should be kept as short as possible, consistent with your repayment means.

Warning: your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.

Variable rate loans: the payment rates on this housing loan may be adjusted by the lender from time to time.

Warning: you may have to pay charges if you pay off a fixed-rate loan early.

Warning: before fixing your rate, check what rate will apply to your loan after the fixed rate period expires.

 
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