With changes in the economy happening faster than ever, and the knock-on impact to interest rates and cost of living, it’s understandable why so many people are seeking to secure a Re-Mortgage.

When choosing to Re-Mortgage, you have the choice to move to another deal with the same lender, or move to a new deal with a new lender. Your mortgage advisor or mortgage broker will be able to provide you with a broad range of options depending on your particular needs.

Switching to the right product can save thousands per year and can build up to tens of thousands over the span of a 20 year mortgage period.

An improvement of just 1% on a €300,000 mortgage could save €3000 in just the first year…and a huge €60,000 over 20 years.

DO I NEED A SOLICITOR

Well, that depends. Some mortgage providers and lenders will offer a package which doesn’t require you to take legal advice.  Many times, in those instances, although there is no requirement by the mortgage company for you to engage a solicitor, it’s important to know that the solicitor that they appoint is acting for the Lender, not you.  They will be ensuring that the Lender is adequately protected…as their client is the Lender.  They may request documents and signatures from you, but they are not there to provide you with advice or to look out for your interests in the new transaction.  For some people, they are comfortable with that.

For others, they will want to have their own independent legal advice, and that’s when you need to engage a solicitor.

Our team of solicitors are dedicated conveyancers – specialising in all things Property related. They are not distracted by court cases; working exclusively on Property files.

We provide a full service in relation to Re-Mortgage, which includes a full and thorough Title and Deeds review. This is a particularly important step, as it is your opportunity to make sure that everything in relation to the all-important Title to your property is in order.

Our estimated profession fee is currently €1,495 (plus VAT and Outlays) for this service. This general estimate is based on a Title having what is known as “Good Marketable Title”.  This means there are few if any errors or issues on the Title, and the rest of the process can move quickly.  If there are any issues with the Title to the Property, we will let you know, and will be able to talk you through the options to correct it.  It’s important to understand that some of those options may require additional work to be done, which will mean the estimate will need to be adjusted.

Lastly – it’s important to remember that there will be some other costs involved in a Re-Mortgage, mostly in relation to Land Registry Fees, Searches and fees to lenders. As a guide, this can usually total around €400.

If you would like to engage us to act for you in your Re-Mortgage, we are happy to help.  Simply click here to let us know [email protected]