Switching Mortgages.

Folks,

Quick question.

I'm thinking of switching my mortgage from a Varible to a Tracker Varible, aas it seems to be the best mortgage type on the market at the moment.

Is it expensive or alot of trouble to switch from one bank to another or does it depend on the bank in question?? Is there specil rules around Tracker Mortgages I'm not aware of?

I was briefly talking about this with friends and they thought it would cost in around €1500 to switch ahd was alot of work e.g like when first applying for a mortgage.

ask your existing lender for a tracker rate.... most if not all lenders have tracker mortgages for existing customers

You can go to Ulster bank and they will pay legal fees

try NIB, they pay €600 towards cost of switch, and their rate for LTV < 60% Tracker was 2.79% (prob now 3.04%), lowest tracker presently in this catagory.

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[broken link removed], as best buys possibly out of date.

I second irishpancake's suggestion. Made that move about a year ago myself. They also allow you make twice-monthly rather than monthly repayments, shaving a few more euro off the long-term interest bill...

with EBS switcher thingie you must stay with them for 5 years after. Be sure wherever you go just what the strings are.