FIRST TIME BUYER	PROBLEM GETTING A MORTGAGE	RE-MORTGAGE & EQUITY RELEASE	RETIREMENT MORTGAGES	MORTGAGE RATES	INVESTMENT & FOREIGN PROP.	APPLY ONLINE NOW	MORTGAGE CALCULATOR

Re-Mortgage & Equity Release

Re-Mortgage When you re-mortgage, you effectively replace your existing mortgage with a new one, moving from one mortgage lender to another that is more competitive.   Some lenders are happy to lend up to 90% of the value of your house while some lenders will restrict the amount you borrow to 80%. The main reasons people Re-mortgage is

• Better Interest Rate
• Consolidate Loans
• Home improvements
• Cash Back

The process of re-mortgaging is now a very streamlined process. Some lenders are now paying your legal fees to refinance to them, making it an even more attractive proposition.

Equity Release / Top Up

Equity is the difference between the value of a property and the mortgage outstanding on the property.

As property values have increased significantly in Ireland over the last number of years people can release the built up equity for other borrowing options.

Typical reasons to take out an equity release loan would be

• Purchase a second property or holiday home
• Foreign Property Investment
• New Extension
• New Car

The main difference between equity release & re-mortgage is with an equity release you stay with the same lender and a re-mortgage you switch to a different lender.

If you are interested in either of these mortgage options, you can contact one of our qualified mortgage advisors in the office or apply on-line.