Nationwide
Book An Appointment

Switch your Mortgage with Ezfees Financial

Many Lenders in Ireland still offer incentives like cashback to attract Mortgage Switchers. Can you really save?

Switch your Mortgage with ezfees financial and you can save big time! Even with the bonus of cashback you can make huge savings.

Switching your mortgage is the biggest single thing that people can do to reduce their outgoings. Therefore, switching will almost certainly save you more money than anything else you can do such as changing your electricity provider.

There are still thousands of people in Ireland who could, but don’t even consider switching their mortgage. Accordingly, considering a Mortgage Switch might be the single most money saving exercise you can do

If your current mortgage rate is over 3% you will save a lot of money if you switch your Mortgage with ezfees financial sooner rather than later.

What the Central Bank says

Mortgage switching is on the increase in Ireland but it is still relatively low. In fact, there were around 728,000 mortgages in Ireland according to the Central Bank – March 2021. Of those – about 182,000 could be eligible for switching (Balance more than 30k and on a variable rate or less than 12 months left on a fixed rate).

Furthermore, there were just 7,267 switcher mortgages approved in Ireland in the twelve months ending December 2021. That works out at only 4% of eligible Irish mortgages getting switched last year.

Switching your Mortgage – is it worth it? Absolutely it is!

Getting a Mortgage is a huge aspect of your financial life. Accordingly, ensuring you source the best rate for this borrowing will effect your future financial wellbeing. Moreover, if its a great rate today there is a likelihood it might not be the best rate in years to come. In fact, you might find yourself in a situation where you are paying far more than you would have to due to new rates available in that current market.

Switch and Save with ezfees financial

During this difficult time of high inflation where we are all feeling the pinch, switching your mortgage has the likelihood of reducing your monthly outgoings significantly. Accordingly, finding out if there are Lenders out there that has a cheaper mortgage on offer makes great sense.

The Central Bank’s research shows that more than half Irish Mortgage Holders could save at least €1,000 in the first year of switching. In addition, well over half of Irish Mortgage Holders can save €10,000 plus over the remaining mortgage term if they switched.

Switching saves money! Why aren’t more people doing it?

Amazingly, from January to July of 2019, only 3% of Irish Mortgage Holders actually went about switching their mortgage to make savings. 3 possible reasons why this is the case:-

  1. Lack of awareness of the potential huge savings
  2. Too many types of mortgages in market to decipher
  3. The belief that switching may be complex and time consuming

At ezfees financial, Switch your Mortgage with ease and efficency

The good news for all switchers is that the Central Bank have reviewed the Mortgage Switching process to make things better for all concerned. Accordingly, the Central Bank put new measures in place that all Mortgage Lenders must now follows. Therefore, the combination of these new measures together with the ezfees financial “best in class” application journey means you can switch your mortgage with ease and efficency.

The new measures means the Lenders must do the following:-

  1. Inform you a month in advance of a fixed rate ending of the cheaper rates available
  2. Explain if the current equity in your house means entitlement to a cheaper interest rate
  3. Breakdown the Pros AND the cons of current offers such as cashback
  4. Provide a comparison of the cost of your current mortgage versus others on offer
  5. Inform you of the switching process including the length of time it may take
  6. Within 10 working days of receiving an application they must provide a decision

Why not get in contact with our friendly team here at Ezfees Financial for more information on how you can save on your monthly mortgage repayments and thousands on the overall life of your mortgage.

info@ezfeesfinancial.ie

Free phone: 0818 910800

https://www.centralbank.ie/

Ezfees Financial Ltd T/A ezfees financial is regulated by the Central Bank of Ireland. Reg no 489026

Links

Members of Waterford Chamber of Commerce.

Pages

Members of Brokers Ireland.

Facebook Linkedin Instagram
©2024 – Developed by GOAT Sites
Book Appointment

Business Owner Consultation

Your business is your baby, so it deserves protection. Our team of experts will guide you through informed decisions to provide tailored policies. Shield your business against unexpected setbacks and ensure stability, whether you’re a startup or an established corporation. We’ll create a financial plan that will guide the balance of your personal finances and your long-term business goals.

What’s in this for you? Discuss your business finances in confidence with trustworthy advisors to:
1) Create a money management plan to suit your business
2) Align your business and personal objectives
3) Get clarity and validation on your strategies from dedicated Financial Advisors committed to safeguarding your business finances
4) Be advised when you need to speak to Tax Advisors where relevant
5) Obtain guidance onto Owner/Director on Pension planning and legislation
6) Referral to a Life/Business Coach where relevant

Plan for your business’s long-term financial goals:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Safeguard your business and your future

Book your business consultation today

Investment Consultation

With low deposit rates and high inflation rates, savings and investment plans are appealing right now. We understand what it’s like to make sacrifices to accelerate your savings goals so you can achieve your dreams. That’s why we provide expert guidance so you can take charge of your future without sacrificing your valuable time.

What’s in this for you? Why you should consider savings and investment plans?
1) The potential for higher returns
2) Flexibility in the amount you save
3) Short, medium and long term options to suit your goals, amounts and terms to save
4) Investment options appropriate to suit your needs and goals

How you can save to secure your dreams:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Make your Dreams a reality

Book your Savings and Investments Consultation Today

Mortgage Consultation

Whether you are a first-time buyer, mover, switcher or looking to invest in a rental property, we have a mortgage solution to fit your unique situation. Over 60 and looking to release equity in your home to support your children, go on that dream holiday or pay off bills? We find the mortgage most suitable for you and your family’s needs and support you through the entire process. You’re guaranteed to find the best mortgage option for your financial needs and goals, with impartial advice and competitive rates.

Clear, simple, actionable advice for all your mortgage needs:
1) First time buyers
2) First Home Scheme/ Local Affordable Authority Scheme
3) Switchers
4) Home Movers
5) Investment Property
6) Self Employed
7) Contract Workers
8) PAYE
9) Lifetime Loan (over 60’s equity release)

How you can get started:
1. Share your journey with us
2. Create a plan!
3. Gather and submit your information
4. Make your Dreams a reality

Book your Mortgage Consultation Today

Financial Planning Consultation

Secure your future and that of your loved ones beyond homeownership with life assurance, income protection and pension advice. Whatever your stage of life or money situation, our team of experts will help you make informed decisions to safeguard your financial future.

What’s in this for you? Planning your future, helps make your dreams a reality:
1) Start by creating a money management plan
2) Work with our dedicated Financial Advisors committed to safeguarding your future
3) Helping you get the guidance you need to achieve your long-term financial goals

Safeguard your financial future today:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Safeguard your Financial Future

Book your financial planning consultation today