20 Jun, 2019

What are the normal criteria for switching your mortgage?

  1. A Good Credit History
  2. Age not greater than 70 at end of mortgage term
  3. Ability to repay i.e. repayment capacity – lenders will need to see current evidence of repayment capacity equivalent to stress tested (2% above standard variable) based on mortgage amount sought
  4. Secure employment
  5. Maximum mortgage available to Irish residents is 90% loan to value
  6. Not subject to normal LTI rules of Central Bank of Ireland if ‘Straight Switcher’.

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