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Switching your mortgage: is it worth it?

It is if you want to save money and trust your solicitor and broker to get you there.

Switching a mortgage may sound like a hassle but if you have a good broker, and an efficient solicitor the process is straightforward and will save you money long into the future.

We can recommend a top class broker who can provide a seamless switch.

We don’t offer advice on the loan offer but your broker/bank can and will be happy to do so.

We write to your original lender to request Title Deeds, once we get the Title Deeds we carry out due diligence on the title to ensure all is in order for the new lenders.

You put your Life and Home Insurance in place. We return all documents to the lender and request your funds.

Depending on the day you have chosen; your new mortgage terms will come into force. It is usually the day we drawdown the loan funds of the following month. i.e. if we draw funds on the 1st of January, your first mortgage

payment will be the 1st of February.

We then repay your old lender the redemption funds, the same day we drawdown your new loan funds. If there is money left on Account we deduct our fee from same and send you any balance.

Finally, we proceed to request the old lender to remove their legal charge from your title and we make an application to have your new charge registered on title and we send you updated title and send all the title deeds to your new

lender. This whole process takes no more than 4 to 6 weeks.

Please do not hesitate to contact our property team should you have any queries in relation to any of the above.

Image by Nattanan Kanchanaprat from Pixabay


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Mc Kenna & Co. Solicitors
115 Lower Baggot Street,
Dublin 2,
D02 FN88