how easy is it to switch mortgage providers?

kim

Registered User
Messages
133
Hi

just wondering whats involved in switching mortgages from one bank to another?
 
It is the same process as taking out a new mortgage so payslips, current account statements, salary certificate etc required.

Your loan to value will need to be <92% and there may be legal fees involved in the switch. Some lenders will contribute to the legal fees.
There will be a valuation fee of €130.

www.moneybackmortgages.ie
 
no thanks I think ill stay where I am, too much hassle, thanks for the advice though. I fixed my mortgage in 2008 for 5 yrs and it was fixed at a high enough rate I cant remember the exact figure at the minute I was thinking maybe I should 'shop around'. can you reduce the years you have left on a mortgage without hassle for example I have 33 yrs left I want to bring it down to 30 yrs
 
As you are on a fixed rate until 2013 there may be a penalty if you wish to change the terms of your mortgage by bringing it from 33 to 30 years.
Best to check with your lender.