Switching Your Mortgage

We make switching as simple and straightforward as possible

Most Irish people tend to ‘go with the flow’– People don't like change, but make the change fast enough and you go from one type of normal to another.'

In 2019 only 15.5% of people switched their mortgage, switching your mortgage could save you up to €3,000 a year depending on what rate you are on.

You might feel switching is time-consuming and stressful. Well luckily, at Cleere Mortgages we make switching as simple and straightforward as possible. We are available to meet you at a time that suits you to go through all the nuts and bolts of switching!

What is a Switcher Mortgage?

A ‘Switcher’ Mortgage is one where we @ Cleere Mortgages find a lender that will  re-finance or take over an existing mortgage borrowing from another Lending Institution. Allowing you to switch your mortgage without switching home, while saving you money in the process

The Process

• Your Mortgage Appointment:  Our Mortgage Advisor will go through your options and let you know what documentation is needed for your application. We will the source the best lender to suit your needs, in return saving you money going forward.

• Approval in Principle:  When we have submitted your application to the relevant lender, we will then forward you the lender’s decision. This will outline how much you can borrow, which is called Approval in Principle. This is usually valid for 6-12 months, depending on the lender.

• Valuation: Your house will then have to be valued from the panel of valuers.

• Loan Approval: Once the property and valuation are accepted by your Lender, we then carry out a full loan assessment and you will need to meet the relevant Lender’s lending conditions.

• A Letter of Offer will outline these conditions.

 Talk to us about Switching Your Mortgage