Mortgage switching is moving your mortgage from one bank to another generally to save on interest. 

Your mortgage repayment is made up of interest and capital and the lower you can keep your interest throughout the term of your mortgage the less interest you repay.

Interest is paid on every mortgage but our goal at doddl is to reduce the interest you repay. Interest adds no value to your mortgage and if you pay more than you should it is a needless cost to you. 

By switching your mortgage and reducing your interest rate, you can reduce your monthly payments or your mortgage term.

This can result in savings of tens of thousands over the life of your mortgage.

For most households, their mortgage is their largest financial commitment, so it is hugely important to understand what mortgage rate you are repaying and to see if you can reduce this outgoing.

At doddl this is what we are here to help with. As your circumstances change, so can your mortgage and we’re here to do that work for you. 

Mortgage switching is much easier than home purchase, when you purchased your home you had to deal with bidding, buying and moving home. 

There is paperwork involved but our DMx application platform and team help to make the process easier and the savings that you can make far outweigh the time it takes to pull together the documents. Once we have all to hand we can push everything forward for you to complete the switch.

If you dont know whether it makes sense for you to switch then just ask our team, we will do the number crunching for you.

You will only switch if it makes sense to do so but the important point is to check your rate and speak to our team and if you can save by switching then do it! 

We can help - our team can calculate if you can save by switching and we can complete the switch with you. 

Check out our simple switching calculator.

Rates have increased since 2022 and as such it is so important to secure the best rate you can achieve.

You may want to go variable, fix for a short or medium term or fix for whole of mortgage term, we can advise and help you secure the best rate for you.

Get Started on our website today, provide some initial information re your current mortgage and our term will come back to you to tell you if you can save by switching and advise you on all options available. And remember our advice is always free to you.

If you dont know where to start, get in touch, we have over 45 mortgage specialists at doddl who can help.

At doddl we will review your current rate and terms and let you know if you can save by switching. 

As a starting point our Switching Calculator will let you know if you can save by switching and our team can give you all the options available to you. We just need some initial information and we can do the research and hard work for you. 

It’s free and easy to check and literally takes about 30 seconds to fill in.

Then it’s important to start the process so that one of our advisors can provide you with more information and next steps to realise your interest savings. 

At doddl we are the mortgage switching experts in the Irish market. Our advisors, technology and process make it easier for you to understand if it makes sense to switch and we will help you complete the switch. 

Check out the News section of our site for our quarterly Mortgage Switching Index with the Irish Independent. This shows the huge savings that can be made by switching with doddl.

At doddl we do not charge any fee for our service.

You will only every switch if you have a financial benefit in doing so and if there is you will progress to application and completion.

Through the switching process you will be required to engage a solicitor to complete a certification of title, this process is not the same or as extensive as a conveyancing process at time of purchase and as such there is lower fee. We have a panel solicitor offering a flat fee and excellent service to our customer. 

You will also have a valuation fee of c. €185 and your valuation will only be required once you have approval and have decided to progress.

So again no cost unless you decide to progress to complete out on the switch and you will only do that if you will save by switching. 

Many of the lenders have ‘Switcher Packages’ which covers the legal and valuation fees. The lowest Switching Package is €2,000 other lenders offer 3% of the mortgage back in cash to switcher customers. Ask our team about the various switcher packages available. 

Our expert advisors will outline the saving options by lender and will also set out the switcher packages on offer from each lender.

On average the process takes about 6 weeks but most of this work is behind the scenes and we’ll take care of that. Keeping you up to date along the way.

To start with, all we need is a few straightforward pieces of information that can be filled in on our DMx portal. This will help us to get a better understanding of your circumstances, so we can provide you with all the options that we feel meet your needs. 

Once you progress to application we will need documents to verify your identity, income and bank statements. This will all be clearly set out to you on your account on our application platform and by your advisor. 

At doddl we have built an Application Platform, our DMx platform which allows you to complete a digital application form, verify your identity and upload documents to our account on our portal 24/7. We have a full messaging facility direct to your advisor and lots of helpful information for each stage of the process. 

Our technology and advisors will streamline the mortgage documentation and application process for you.