20 Jun, 2019

How much could I save by switching my mortgage?

Each person’s circumstances can be different e.g. term remaining, existing rate and value of property vs loan remaining etc. therefore there is not a definitive amount that could be saved by remortgaging. Indeed it may be that not everyone can save e.g. if you are on an existing fixed rate where the costs to break out of the fixed rate may out-weigh any benefit from switching. To calculate the indicative amount you may be able to save please go to our ‘Calculator’ section of our website. It is more likely that you will make the most saving when you are currently on a Standard Variable rate arrangement with good equity in the property e.g. best is less than 60% Loan to value. Savings can be made when you are able to switch to a lower interest rate on a similar term. Monthly savings can also be made by extending the term of the mortgage but the true cost of the overall mortgage over time should be considered in this instance.

Related Posts
doddl mortgages uses smart technology to support our customers mortgage applications online
7 Jul, 2019

How we are using smart technology to support our customers

You, our customers, are the reason we exist – and this is how it all started… In the beginning, as financial experts, we have been providing the best advice available on the market for over 15 years and we have seen first hand how the... [...]
21 Jun, 2019

Misconceptions about mortgage switching

Misconceptions about mortgage switching The Central Bank of Ireland carried out Mortgage Switching Research and published a report in 2017 which highlighted findings with regard to people’s perception of and experience with regard to mortgage... [...]
7 Jul, 2019

Taking the stress out of switching, get peace of mind with expert guidance

Do you remember when you used to have to take time off work to go into your local bank, and queue for what felt like forever Finally you would get to speak to someone who spoke alien at you for half an hour and then gave you a list of things to get... [...]