Switch & Save

Thinking about switching your mortgage? Many homeowners are discovering the benefits of remortgaging, whether to secure a better rate, reduce monthly payments, or access equity for home improvements. Our expert brokers are here to guide you through the process, helping you explore your options and find the best deal tailored to your needs.

How can we help?

We can research the market for you to find the right mortgage deal for you at best possible rate

We can offer clear, concise advice as we guide you through the step-by-step process

Provide you with a clear outline of the options available so you can make the choice that’s right for you

We can approach some of Ireland’s top lenders on your behalf, so you don’t need to make multiple applications

Provide a one-stop-shop for all your Financial Planning needs, from Life Cover and Mortgage Protection to you pension, savings and investments.

Why switch?

Save money

Switching your mortgage could save you €1,000s over the lifetime of your loan.

Reduce your mortgage term

Switching could mean you are debt-free earlier in life and save you €1,000s in interest.

Secure a more favourable fixed rate

Avoid a higher variable rate when your fixed term comes to an end.

Home Improvements

Borrow more money to do some home improvements like an extension.

Cash Back

Avail of generous cash-back offers from lenders.

Equity release

Avail of equity release or a better LTV ratio if the value of your home has increased.

Better overpayment options

Gives you the opportunity to pay your mortgage off quicker in the future.

Could you switch and save?

  • Are you coming to the end of your Fixed Rate term or is your current rate over 3.5%?
  • Do you have more than €100,000 left on your mortgage?
  • Do you have 10 years+ left on your mortgage?
  • Are you in long term employment with a good credit rating?
  • Has the value of your home increased since you first took out your mortgage?

If you answered yes, you could potentially save money by switching your mortgage.

Hear what some of our lovely clients have to say about their experience

“If I could give more than 5 stars I would! From the first phone call to the last signature Ross helped us every step of the way with our mortgage switch. He made everything easy and was available whenever we needed. I would highly recommend Irish Pensions and Finance. ”

Sue Travers

The Application Process

Step 1

Fill out our online form

Step 2

We’ll review your options

Step 3

We’ll talk you through your options

Step 4

Enjoy 100% of your savings!

Common Queries & FAQ’s

How do I switch?

  1. Current mortgage situation – how much do I owe, what is the term, what type of mortgage do I have, what rate am I on, and what is my home worth?
  2. Speak to IPF – we work for you and no one provider so we can give you an indication if you are eligible to switch and if so the reason for doing it. We can compare the market for you and come back with your options.
  3. Gather your documents. Once all documents are received, we complete our recommendation and we apply to the lender you decide to go with.

What are the costs involved?

  • Valuation €150 – €180
  • Solicitor €1500 – €2000
  • These costs can often be offset with Cashback offerings
  • No application fee with IPF

 

How long does the process take?

The average Mortgage switch takes between 2-3 months. Mortgage approvals once all documents have been received takes on average, 5-10 working days.

What else do I need to consider?

  • Mortgage Protection – if releasing equity in the switch, increased cover will be required.
  • House insurance – building cover must match the reinstatement value from the valuation report and the new lender must be noted on the policy

 

What documents will be required?

  • 6 months bank statements including Revolut, Credit Union and any other accounts you have
  • 2 months payslips
  • EDS for 2023 (Employment detail summary available on the Revenue.ie)
  • Loan statements including Mortgage depending on the lender we choose
  • Salary Certificate to be completed by your HR/payroll
  • Passport/driving license

 

Mortgages

Mortgage Jargon Busters

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Mortgage T&Cs

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.