Switcher Mortgages


Switcher MortgageCalculator

Approximate Property Value
Outstanding mortgage balance
Remaining term of mortgage
Current Mortgage Repayment
Current mortgage interest rate


* Terms and Conditions Apply. Calculator result above is based on the lowest available rate. To view more rates and savings choose view more options.

Disclaimer: Our calculators give indicative figures. They are in no way intended to constitute an offer. Such calculations are made on the presumption that the information supplied by you is accurate and is subject to approval by the actual lender. This web page is for illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing.

Switcher Costs & Criteria:


How it works?

The upper limit on switcher mortgages is 90% of the current value of your home. Switcher mortgages were specifically excluded in the changes to mortgage rules introduced by the central bank in early 2015.

How much does it cost?

As a guide you should budget in the region of €1,200 for legal costs to switch your mortgage. Currently there are incentives from lenders varying between €1,000 and €2,000 towards legal costs.


A valuation fee of approx €150 euro is also payable as the new lender will require an up to date valuation before a loan offer is issued.

The switching process

 You will need to have life cover to the value and term of your new mortgage in place before you draw down.


Redemption penalties may arise if you are breaking an existing fixed rate mortgage agreement. If you are looking to switch and are in a fixed rate mortgage agreement you will need to check with your current lender what if any penalty is payable if you switch.

Warning: If you do not keep up your repayments, you may lose your home. Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Put You & Your Family in Good Hands

Get In Touch

Would you like to talk to someone you can trust, who will give you the best options based on your circumstances? If so, contact MC Financial today on 01-8228022, info@mcfinancial.ie or call Michael anytime on 087 9321882