Why switch your Mortgage?
- You could save money by switching to a new mortgage provider if you are coming to the end of your fixed rate term or if you are paying an interest rate higher than 3.15%.
- Reduce your monthly repayments
- Reduce the remaining term on your mortgage
Why switch with IPF
A Choice of Interest Rates
We work with a wide range of lenders to get you the best rate.
We work for you
As a broker, we are not tied to any one institution.
Experienced Team
Our Mortgages Team and Financial Advisors will be on hand to help with any queries.
The Switching Process
Book your appointment
Get in touch with us through the contact form below. We will contact you, discuss what your objectives are and ask you to upload your documents to our online portal.
Approval in principle
This is approval from the bank on how much you can borrow from them. This document is valid for 6 months.
Loan offer
Once your house in valued a loan offer pack will be sent to you and your solicitor for you to sign and return to the bank. You will be asked to provide documents on your mortgage protection and home insurance at this time.
Completion
The funds are released from the bank and sent to your solicitor.
Get in touch
Frequently Asked Questions
Switching your mortgage typically refers to the process of transferring your existing mortgage from one lender to another, in order to take advantage of better interest rates, loan terms, or other benefits offered by the new lender.
Mortgage switching can help you save money on your monthly mortgage payments or reduce the overall interest you pay on your mortgage over time. It can also help you access other benefits such as more flexible repayment terms, shorter or longer mortgage terms, or the ability to borrow additional funds against your home equity.
Before switching your mortgage, it is important to speak to a Mortgage Advisor first.
Yes, it is possible to save money by switching your mortgage.
If you can find a new mortgage with a lower interest rate, you can reduce your monthly payments and potentially save thousands of euros in interest over the life of your mortgage.
The right time to switch depends on your reason for switching and whether you will make a saving, taking into account any fees you may be charged. Many people think about switching when they reach the end of a fixed term rate or if interest rates are increasing.
Warning: If you do not keep up your repayments you may lose your home
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Warning: You may have to pay charges if you pay off a fixed-rate loan early.
Warning: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.
Warning: The cost of your monthly repayments may increase.
Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.