The Remortgage Process

Join the thousands of people who are now saving money by switching their mortgage to a better-value lender.

Log on to our remortgage portal and start your journey to a cheaper mortgage »

Paying less for your mortgage is one of the best ways to save money.

There are a range of terms used to describe the process of changing your mortgage. They include switching, refinance, or re-mortgaging.

The reasons for switching mortgage include:

  • Your existing lender is charging you too much.
  • You want to switch to a lender who offers greater choice on fixed rates with fixed terms. For example, fixed rates up to 30 years are now available at very competitive prices.
  • You may want a lender with a better variable rate. At present, we can offer variable rates of just above 3%, compared to PTSB, whose variable rate is 4.7%.
  • You may want to move to a new lender of your choice, because you may be concerned your existing lender is for sale or leaving the market.
  • You would like to release some equity from your house for home improvements.
How do I start my switch application?
Please complete this brief enquiry form. We will review the information, and get back to you to arrange a consultation with your mortgage consultant. Alternatively go straight to our application portal if you feel ready to apply.

Remortgage application portal · Enquiry form
Why use Mortgages.ie to switch my mortgage?
Our mortgage switching service is free.
We provide a no-nonsense, professional, and friendly service.
We have over 30 years' experience in arranging mortgages.
Our lenders offer the best-value mortgages in Ireland.
How long does the switch take?
If you are well-organised, and have up-to-date financial & banking information, you should be able to switch within 4 weeks.
Is there an arrangement fee payable for switching?
We do not charge arrangement fees
Is it a good time to switch my mortgage?
If there are better rates available, it is always a good time to switch.
What costs are involved in switching your mortgage?
In most remortgages, your new lender will offer incentives that typically more than cover the cost of switching. This usually amounts to:

Legal fees – budget €1,500
Valuation fees – budget €180
How Much can I borrow?
Unlike the home-buyer rules, there are no set rules in terms of multiples of income for switching.

Most remortgages are straight switches of an existing mortgage to a new lender. If you need additional funds for home improvements, funding is available, and will be assessed on a case-by-case basis.

As a guide, the new mortgage (including home improvements) costs should not be more than four times the annual gross income of your household.
What information do I need to provide?
  • Completed online application using our mortgage portal
  • Current income information including a salary cert and pay slips
  • Bank statements for 6 months for your bank accounts and credit cards
Can I switch if I have a poor credit history?
If you have a poor credit history you will not be able to switch mortgage.