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Why has
remortgaging become so popular?
Because
the value of peoples homes has risen so much in recent years, it has
allowed people to release equity for lots of reasons:
- To Pay off loans to reduce monthly payments
- To help their children with a deposit for their first home
- For Home Improvements
- To buy investment properties or holiday homes overseas etc
- Huge savings can be made on interest repayments by almost
everybody, including local authority
and shared ownership mortgage
holders.
And with the low interest rate environment, raising significant
finance can be very affordable.
How does a Remortgage work?
We will pay off your existing mortgage, and any loans you want to
get rid of. Then tell us how much extra cash you'd like, add
it all together, and take out the new mortgage over a term to suit.
You can choose a mortgage over 10 to 30 years, whatever suits you
best.
What would my new monthly payment be?:
Click
here for rates
What costs are involved?:
We will work out an exact quote for you, and will email it to you
within 24 hours, but generally speaking, the costs involved are:
- Your legal fees (which will usually cost €999)
- A valuation of your property, which costs €150.
Don't worry if you don't have the money upfront, because you can add
the legal fee costs to the mortgage.
What's required to complete your Remortgage?
As we said earlier, we like to keep things simple!! We will
post you a completed form for you to sign, and a checklist of what
we'll need. Generally we'll need:
- Details of your income (payslips, P60, Salary Cert)
- Details of your loans (mortgage & loan statements showing your
payments over the last year)
- Bank account statements for 6 months
- I.D. (passport / driving license & a utility bill e.g. ESB,
Gas, Phone bill)
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YOUR
HOME IS AT RISK IF YOU
DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
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Information regarding products and services on this website is intended
for residents of Ireland only.
Registered Office: 11 The Mall, Beacon Court, Sandyford, Dublin 18. Tel:
+ 353 12163300
Registered in Ireland No 331320.
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