Top Benefits of Switching Your Mortgage
You can make significant savings on your mortgage if you switch to a lower interest rate. Since the 1st of January 2019, the Central Bank of Ireland has put new measures in place to make it easier to switch your mortgage.
Lower Monthly Repayments and Long-Term Savings
By switching to a lower interest rate, you could reduce your monthly repayments and save thousands over the term of your mortgage. According to Brokers Ireland, even small reductions in interest rates can have a significant financial impact. Quigley Financial Brokers will help you assess potential savings clearly and accurately.
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Better Terms Based on Loan-to-Value (LTV) Ratio
As your property value increases and your mortgage balance decreases, your loan-to-value ratio improves and that can qualify you for better mortgage rates. Lenders are now required to notify you of this if applicable.
Transparent Process and Faster Turnaround
Lenders must now provide clearer comparisons, explain cashback offers, and deliver decisions within 10 business days once your application is complete. With Quigley Financial Brokers, you'll have full support through every step, from documentation to liaising with lenders, to ensure your mortgage switch is efficient and stress-free.