IIn todays constantly changing mortgage market some borrowers choose to remortgage (or switch) their mortgage to a new lender every few years in order to take advantage of both new rates and products that are on offer.
Switching lender could offer you a number of benefits including:
- Reducing the total repayment over the lifetime of the mortgage
- Refinance and consolidate your debts to reduce the combine repayment amounts
- Raise funds for home improvements or other reasons
- Switching lender can help you save money over the life of your mortgage. When switching lender you could also consolidate your debts, carry out home improvements or raise equity for a variety of purposes.
Cork Mortgage Broker will examine the market for you to see if you can get a better interest rate than you have from your current lender. Some mortgage lenders now offer contributions or ‘cash back’ to help clients cover the costs associated with switching lender meaning you will have to pay very little if anything at all to switch.