Basically, my mortgage is coming to the end of its fixed rate this summer.
If I switch mortgage providers then is it possible to pay off an extra lump sum at the point of closing with one lender and before taking up the mortgage with a new lender?
And is this of a financial advantage to me?
So my mortgage will be v close to €200k at the point of switch.
I have some savings that I would like to use to overpay.
So could I get a new mortgage for €180k and pay the difference myself via solicitor?
I am thinking that this €20k I put in would mean a smaller mortgage with the new lender which would mean it finishes earlier and therefore costs me less?
Thanks
If I switch mortgage providers then is it possible to pay off an extra lump sum at the point of closing with one lender and before taking up the mortgage with a new lender?
And is this of a financial advantage to me?
So my mortgage will be v close to €200k at the point of switch.
I have some savings that I would like to use to overpay.
So could I get a new mortgage for €180k and pay the difference myself via solicitor?
I am thinking that this €20k I put in would mean a smaller mortgage with the new lender which would mean it finishes earlier and therefore costs me less?
Thanks