Switching Morgtage

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Switch your mortgage today and save thousands. Establsihed in 1994, we have advised thousands of mortgage holders in switching to a better deal.

 

Review the latest frequently asked questions here

 

 Reasons to switch include:

  • Save thousands over the term of your mortgage through lower rates.
  • Knock years off the life of your mortgage.
  • You may qualify to overpay by up to 10% of your mortgage balance each year even when your rate is fixed.
  • No mortgage arrangement fees
  • Full online application process

 

Switching from a tracker rate.

There are approximately 200,000 tracker mortgages remaining in Ireland. Lenders stopped issuing tracker mortgages in 2008.

Typical tracker mortgage rates are calculated at a margin of between 1% and 1.5% over the ECB base rate, Tracker mortgages are in the news again because the ECB base rates have risen by 2.5% over the past 6 months and in turn these increases have been passed onto the tracker mortgage holders in full.

It seems highly likely that the base rate will rise further to 3.5% or more over the coming months.

What to do if you are ona trcaker mortgage rates.

1. Contact your mortgage provider and confirm the margn you are currently paying over ECB and ask what base rate currently applies to your mortgage..

2.Ask your lender to confirm in writing what other rates are available if you were to switch from a tracker rate.

3.Ask your lender to confirm whether or not you would have an optionif to rrevert to a tracker rate at a later stage, if you changed your rate type now.

4.When you have this information contact us to get impartial advice on your options.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Switch your mortgage today.

Start the process by registering on our Mortgage application portal.

All the necessary documents can be uploaded on the portal

Standard documentation requirements

  • Verified id documents
  • Completed salary cert
  • 6 months bank statements
  • Three payslips