Switch and Save Mortgage and Home Loan Guide.

Step 1: Find out how much you are really paying for your mortgage

Step 2: Find out how much you owe and how long is left on your mortgage

Step 3: Find out how much you can save

Step 4: How to apply

Step 5: The process

Step 6: Our commitment on legal fees

Step 1: Find out how much you are really paying for your mortgage

Start by looking at your yearly mortgage statement. This will break down exactly how much you are paying every month on your mortgage but it will also show what extras you are paying for such as life assurance or home insurance. Any tax relief you are receiving will continue on your new mortgage. Now you can go to Step Two.

The quickest way is to call your lender with your account number and get an up to date figure of what's left to pay on your mortgage.. Off to step 3.

Use our Irish switch and save calculator to give you a rough idea of the savings you can make on your mortgage. Use our best buy calculator to find out how much each of the lenders charge on a mortgage for the same amount and same term as your existing mortgage provider. TIP: Discounted rates (either one year fixed rates or a discounted variable) may look the most attractive option but remember you will go back to a lender’s standard variable rate after the first year. If you really want to save money over the life of your mortgage we recommend one of the tracker rates available from most lenders. Tracker mortgages are often much cheaper than a lender’s standard variable rate. They are also more transparent. See our section on tracker mortgages.

Go to our apply online form and send it to us once you’ve completed it. We guarantee to reply to all emails within 24 hours (Monday to Friday). Based on your details, we will email you with a list of the documents needed to process your application. Most of these documents are available in our downloads section. Any other documents that may require your signature will be sent by post. When we have received all of the necessary paperwork from you we will submit your application to the lender or lenders of your choice. Please note that we don’t recommend one particular lender over another or one product over another but we do all the legwork for you and pass on all the details to you so that you can make an informed decision quickly. If a lender declines your application for whatever reason we may suggest you try a different lender. Onto step 5!

Once we have obtained an approval from a lender we will arrange a valuation on your behalf. This valuation will be carried out by a valuer accredited to the lender you have been approved with. Normally a valuation costs €127. This valuation is FREE to our Switch & Save customers. At this stage we will also email you with details of your legal options. If you use NC Mortgage Brokers’ Quickswitch service in association with First American Title Assurance, NC will pay your legal fees up to a maximum of €999 (including VAT) depending on the amount you borrow (see step 6 below). If you want to use your own solicitor NC Mortgages will give you a maximum of €800 towards your legal costs depending on the amount you borrow.

When the lender confirms your new mortgage we will contact you to make sure that you have house insurance and life assurance in place.

NC Mortgage Brokers will pay the following legal fees on your behalf:

Mortgage Value: €250,000 and over

	Legal Fees*	Valuation Fee	TOTAL SAVING
First American Quickswitch service	€999	€127	€1,126
Customer's own solicitor	€800	€127	€ 927

Mortgage Value: Under €250,000

	Legal Fees*	Valuation Fee	TOTAL SAVING
First American Quickswitch service	€499	€127	€626
Customer's own solicitor	€400	€127	€527

* Including VAT

Legal fees are paid once the case has closed. Fees are not paid if the customer decides not to proceed to switch mortgages with NC Mortgage Brokers.

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