Switch your mortgage to a lower rate and save up to €20,000.

Switching mortgages can offer lower interest rates, reduced monthly payments, potential savings over the loan term, and improved financial flexibility. Getting a quote is the first step in your journey! Answer a few questions and wait for one of our Advisors to contact you!

How do I get started switching my mortgage?

It doesn’t matter who your current provider is, or if you want to save money on your repayments or keep your repayments the same to clear your Mortgage early. There has never been a better time to switch to a long term fixed rate. Especially with interest rates continually on the rise.

We are a market-leading online mortgage broker in Ireland andΒ we will always offer expert advice to make the process of switching Mortgage seamless and straightforward. We compare Ireland’s mortgage providers so that you don’t have to. Switch and save today, we’re always only a phone call away.

When switching mortgage, we’ve made it easier than ever to get started saving money by switching to a lower interest long term fixed rate.

All you have to do is enter some quick details and one of our award-winningΒ Mortgage advisors will get in touch with you. After your call you will be sent a link to our state of the art online application portal, which streamlines the mortgage switching process, allowing you to upload your documents and get approval online for your new mortgage.

Alternatively you can call our Mortgage department directly on

Switching Consultation

Book a switching appointment online and your Dedicated Mortgage Advisor will call you at a time that suits you best.​

Application

You will require 6 months of pay-slips and bank statements to apply for your Mortgage online.

Approval

Once your lender has approved your loan, your next mortgage repayments will be reduced.​

LowQuotes.ie
4.9
Based on 1512 reviews
yue Z.
yue Z.
Isabel in LowQuotes helps us lots to get our mortgage protection. She helps us find the right product, answers our questions when needed. She also follows up with us at the right time to make sure she’s there when we need her help.
Response from the owner: Hey Yue Zhang,We’re delighted to hear about your positive experience with Isabel. It’s great to know she was able to guide you through your Mortgage Protection, answer your questions clearly, and follow up at the right time to support you.We aim to make the process as smooth and stress-free as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Robert D.
Robert D.
Dont always trust google reviews myself in general, however i honestly cannot highly recommend these guys enough. We very recently dealt with Colin over a couple phone consultations and he gave us alot of his time to advise & help us navigate throught setting up a Life Insurance policy that was tailored to our family needs both now and planned for long into the future. He was very polite, professional and most importantly a genuine friendly guy which was a huge help as i found this type of cover to be a real minefield. Most of all, we always felt at ease as there was no high sales pressure tactics implied and his honesty and expertise helped us make the right decision. Thanks again, Robert+Debbie.
Response from the owner: Hey Robert and Debbie,We’re delighted to hear about your positive experience with Colin. It’s great to know he was able to take the time to explain everything clearly and tailor your Life Insurance policy to suit your family’s needs, both now and in the future.We always want our clients to feel comfortable and supported, without any pressure, so your feedback really means a lot to us. If you ever have further questions or need assistance down the line, don’t hesitate to reach out.Best Regards,LowQuotes Team
Fintan M.
Fintan M.
I can't recommend Bernadine highly enough! From our first conversation, she was professional, knowledgeable, and incredibly responsive. She took the time to explain all of our options clearly and guided us through every step of the mortgage process with patience and expertise.What really stood out was her ability to find us a fantastic rate and make the entire experience as smooth and stress-free as possible. Communication was top-notchβ€”we always felt informed and supported.If you're looking for a mortgage broker who truly has your best interests at heart, look no further. Bernadine made what could have been an overwhelming process feel easy and even enjoyable. Thank you for helping us secure our dream home!
Response from the owner: Hey Fintan,We’re delighted to hear about your positive experience with Bernadine. It’s great to know she was able to explain everything clearly, keep you informed throughout, and secure such a fantastic rate for your mortgage. We aim to make the process as smooth and stress-free as possible, so your feedback means a lot to us!If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Sinead L.
Sinead L.
Found Colin extremely easy to deal with
Response from the owner: Hey Sinead,We’re delighted to hear about your positive experience with Colin. It’s great to know you found him so easy to deal with, making the process simple and straightforward is exactly what we aim for.If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Roxana-Maria S.
Roxana-Maria S.
We had the pleasure of working with Conor in securing us the best deal for our life insurance (for a house purchase) and he went above and beyond to help us. Very responsive to our questions and changes that we asked for in the policy documents.He managed to get us sorted very fast and I highly recommend him and this company for all your insurance needs!
Response from the owner: Hey Roxana-Maria,We’re delighted to hear about your positive experience with Conor. It’s great to know he went above and beyond to answer your questions, make the adjustments you needed, and secure the best deal for your life insurance. We always aim to make the process fast, clear, and stress-free, so your feedback means a lot to us!If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Alan O.
Alan O.
Excellent experience. I have never used Low Quotes before. Prices offered were most competitive and process of arranging life cover was seamless. Mail was a pleasure to deal with. Best experience I have had arranging cover on phone. Great Service
Response from the owner: Hey Alan,We’re delighted to hear about your positive experience with Maik. It’s great to know he made the process of arranging life cover seamless and that you found our prices competitive. We aim to make arranging cover over the phone as clear and stress-free as possible, so your feedback means a lot to us!If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Amanda G.
Amanda G.
I had the pleasure of being acquainted with Niamh via low quotes. She was professional, friendly, knowledgeable and efficient. Niamh went above and beyond her duties to ensure I had the best support and mortgage offer. From start to finish, Niamh was diligent and helpful. I would recommend Niamh to anyone who is looking for a mortgage broker who will safeguard their best interests and provide support.
Response from the owner: Hey Amanda,We’re delighted to hear about your positive experience with Niamh. It’s great to know she was professional, friendly, and efficient, while also going above and beyond to secure the best mortgage offer for you. We aim to provide clear guidance and strong support throughout the process, so your feedback means a lot to us!If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Dominika
Dominika
Isabel was very professional and helpful, we are very happy with the life insurance contract we signed.
Response from the owner: Hey Dominika,We’re delighted to hear about your positive experience with Isabel. It’s great to know she was professional and helpful in guiding you through the process, and that you’re happy with your new life insurance contract.We aim to make everything as clear and straightforward as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
xo
xo
Highly recommended! I had help from Isabel, who was always friendly and patient. It took us quite a long time to finally get cover for mortgage protection due to a few health issues, but we got there in the end! She made the process easy, and was constantly calling up whenever there was queries and delays. The whole experience was really good, I was never waiting long for a reply, any time I called she picked up straight away. Took away a lot of the stress associated with struggling to find cover! Thanks a million 🫶🏼
Response from the owner: Hey xo,We’re so pleased to hear about your positive experience with Isabel. Getting mortgage protection in place can sometimes be a longer journey when health factors are involved, but we’re delighted that Isabel’s patience and support made the process as smooth and stress-free as possible for you.It’s great to know you felt looked after every step of the way, quick responses and clear communication are exactly what we aim for. Thank you so much for recommending us, and we’re thrilled to have helped you secure your cover in the end!Best Regards,LowQuotes Team
Ana Caroline S.
Ana Caroline S.
Colin was a pleasure to deal from start to finish, he made everything so simple.He gave us all options and once we made our decision it was all done very fast.I would 100% recommend Colin with no hesitation.
Response from the owner: Hey Ana Caroline,We’re delighted to hear about your experience with Colin! It’s great to know he made everything simple, explained all the options clearly, and ensured the process was completed quickly for you.Thank you so much for your recommendation, it means a lot to us. We’re thrilled Colin could provide such a positive experience from start to finish.Best Regards,LowQuotes Team
Caroline M.
Caroline M.
I worked with Bernadine who was so diligent and a great resource couldn't recommend enough
Response from the owner: Hey Caroline,We’re so glad to hear about your experience with Bernadine! It’s wonderful to know you found her diligent and such a great support throughout the process.Thank you for your kind words and recommendation, it really means a lot to us. We’re delighted Bernadine could make the experience such a positive one for you.Best Regards,LowQuotes Team
Christine N.
Christine N.
Wonderful experience dealing with Aoife. Really helpful and professional throughout.
Response from the owner: Hey Christine,We’re delighted to hear about your positive experience with Aoife. It’s great to know she was able to explain everything clearly and support you throughout the process. We aim to make things as smooth and straightforward as possible, so your feedback really means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Patricia M.
Patricia M.
Shaun at low quotes is extremely helpful. He answered all questions and gives great advice to find the right insurance policy for you. Would highly recommend.
Response from the owner: Hey Patricia,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to answer all your questions clearly and help you find the right insurance policy. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Emily M.
Emily M.
Excellent service, Aoife was so helpful and informative and made the whole process so easy.
Response from the owner: Hey Emily,We’re delighted to hear about your positive experience with Aoife. It’s great to know she was able to explain everything clearly and make the whole process easy for you. We aim to keep things smooth and stress-free, so your feedback really means a lot! If you need anything in the future, don’t hesitate to get in touch.Best Regards,LowQuotes Team
Monica N.
Monica N.
Fantastic service. Got the cheapest quote; so easy to deal with and go through the process for my mortgage protection. Thank you Colin.
Response from the owner: Hey Monica,We’re delighted to hear about your positive experience with Colin. It’s great to know he was able to guide you clearly through the process and secure the best deal for your mortgage protection. We always aim to make things straightforward and stress-free, so your feedback means a lot! If you have any questions in the future, we’ll be here to help.Best Regards,LowQuotes Team
Bartosz B.
Bartosz B.
We had a fantastic experience with LowQuotes.ie. Shaun was absolutely excellent – he took the time to really understand what we needed, found us the best value options available, and explained everything in a very clear and straightforward way. His professionalism and friendly approach made the whole process smooth and stress-free. I would highly recommend Shaun and LowQuotes.ie to anyone looking for great service and peace of mind.
Response from the owner: Hey Bartosz,We’re delighted to hear about your positive experience with Shaun. It’s fantastic to know he took the time to fully understand your needs, explained everything clearly, and secured the best value for you. We aim to make the process smooth and stress-free, so your feedback means a lot to us! If you ever need further support in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Hannah B.
Hannah B.
Could not recommend enough. We have worked with both Niall and Colin in low quotes after originally getting a quote from somewhere else and having quite a negative and stressful experience, Niall absolutely put us at ease and explained everything mortgage protection and income protection wise in laymans terms for us to understand. He also worked with us to make an informed decision about what would suit us financially to begin with, with a plan to have another look once weve settled into our new home. Colin then finalised our policy and again made the whole process so easy, especially the medical questionnaire going above and beyond contacting underwriters to ensure we had the best cover. The lads were absolutely fantastic and great craic on top of it 😊 have already recommended to multiple friends in the same boat as us!
Response from the owner: Hey Hannah,We’re thrilled to hear about your experience with Niall and Colin. It’s great to know they explained everything clearly, helped you make the best decision for your situation, and made the process stress-free. We’re especially glad they could turn things around after your earlier experience and ensure you felt supported every step of the way. Thanks so much for already recommending us to others. It really means a lot!Best Regards,LowQuotes Team
Darragh W.
Darragh W.
Aoife was exceptional, very easy to chat to and made the whole process simple to understand. She gave great advice and also went above and beyond to ensure she could work around my own antisocial work schedule. Great customer service
Response from the owner: Hey Darragh,We’re delighted to hear about your positive experience with Aoife. It’s great to know she explained everything clearly, gave you solid advice, and went the extra mile to work around your schedule. Making the process simple and stress-free is exactly what we aim for, so your feedback means a lot to us!Best Regards,LowQuotes Team
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How is the process to switch a mortgage?

1. Book an Appointment

Your dedicated award-winning mortgage advisor will guide you through your application.

2. Digital Application

Log in to your digital application portal and upload all documents required. You can even sign digitally to make the process even easier and hassle-free.

3. Approval

Check your application’s status at your convenience. Indicative Approval in 72 hours after assessment.

Watch our online system in action

Watch how seamless and straight-forward Applying for your first mortgage is. In under 10 minutes you can complete your application. All with guided assistance from your very own dedicated Mortgage advisor.

What you require to switch Mortgage?

Before Applying

When switching mortgage, before you book your appointment with our mortgage advisors, you will need to know how much is still owed on your existing mortgage and your remaining term. More importantly you will need to find our either

  1. Your current mortgage repayment per month orΒ 
  2. Your current interest rate.

You can easily find this information out from your more recent mortgage statement or by calling your mortgage lender.

Lastly you will need a rough current estimate of the value of your property.

When Applying

After you answer some personal questions in our online application portal, you will be required to upload supporting documents for your switch. You can watch the online application process in our video byΒ clicking here

These are as follows (in no particular order) –

  • Proof of identity
  • Proof of your household income
  • Proof of address (dated within the last 3 months)
  • 6 months bank statements, including any loans or credit card statements.
  • Evidence of savings, if applicable
  • Last 3 payslips
  • Current employment status – Proof of permanent, contract, part-time employment

Start your journey today. Take the first step to achieve all your financial goals.

What's next in the Mortgage switch journey?

House Valuation

You will need to have a valuation done on your home, so your new mortgage lender knows how big your mortgage is in comparison to the value of your home (LTV rate). The more equity the better. The fee for this will only be around €150, so don’t sweat it! We can recommend someone when you are looking to switch.

Conveyancing

You will need a solicitor (we can help with this also). This is to take care of conveyancing and legal documents. They will go through the loan offer in detail to confirm the rates and terms of the loan offer are exactly what you have agreed to with your new lender.Β 

Mortgage Protection

Don’t worry – we’ve also got this covered for you! With the highest discounts available in Ireland and price match, price promise in place – we simply can’t be beaten on price. We will always recommend you get this as soon as possible in your mortgage journey, as there are many factors that can prevent you from getting cover.Β  See how much it will cost here withΒ our online quote comparison

It’s also important to cancel your old Mortgage Protection cover after your new policy is live.

Set up new direct debit

When your mortgage gets approved, you will be asked by your lender to complete a direct debit form, allowing them to collect payment from your bank account.

And that’s it! Happy savings!

Meet our Team of Expert Advisors

Would you like to speak to an advisor?

Our award winning team is always here to help you.

How popular is it to switch mortgage?

Every year, more people switch to a long-term fixed rate, usually for savings. But most importantly because interest rates are on the rise and even though your repayment might be affordable now, by the time your fixed rate ends (if it already hasn’t). The rates will be much higher.

In Q1 2022, There were 9,910 drawdowns valuing €2.51 billion. Of which, 1,762 were switchers/re-mortgage (€462 million).Β 

In Q1 2021 there were 9,091 drawdowns valuing €2.14 billion. Of which, 1,380 were switchers/re-mortgage (€334 million).

This is a QoQ increase of 9.3% in drawdown value and also 9.3% in volume. In comparison, the increase YoY in volume is 27.7% and 38.6% in value. This tells us that more and more people are becoming aware of how easy it has become to switch mortgage providers.

mortgage switching 2021 vs 2022

Your Questions Answered

If the outstanding amount on your mortgage is less than €30,000, Irish lenders are unlikely to allow you to switch.

You must pass an assessment and qualify for your new mortgage, if your financial circumstances have changed, you will be assessed differently than your initial application.

You must have a good credit rating. A credit check will be carried out by the lender you choose to switch to. If you’ve had any difficulties on paying new loans or credit cards, this may make it difficult to switch mortgage.

You cannot be in negative equity. This will be assessed on a case to case basis when switching.

To switch your mortgage to another lender, you don’t need to have a deposit.

With a fixed rate mortgage, your interest rate and monthly repayments are fixed for a set time as agreed between you and the lender.

Variable rates allow you to increase your re-payments, you can also use a lump sum to pay off all or part of your mortgage, or re-mortgage without having to pay any fixed rate breaking fees. However, variable rates can rise and fall meaning your mortgage repayments can go up or down during your Mortgage term.

If you want to switch mortgage and your fixed rate hasn’t ended yet, you may be charged a penalty fee for switching. Some people choose to wait until their fixed term has ended, but the fee that’s charged is usually much less than the possible savings.

With interest rates currently rising, by the time your fixed term ends – you might not get as good of a deal when you want to switch. Overall this makes it more worthwhile to switch now.

This is a percentage figure which represents the difference between your mortgage loan and the value of your property. For example if your mortgage is €100,000 on a property valued at €200,000, your LTV rate would be 50%.

LTI is your Loan to Income rate, generally you are allowed to borrow 3.5x your annual income before tax. Some exceptions may apply.

This is the amount you owe excluding costs and interest. This is also known as the “Principal” of your loan.

This is when you are given an indication of approval from our first discussion with you, without having to see any documentation. This is not guaranteed approval.

The date the mortgage must be repaid in full, or by which a new agreement needs to be taken out.

There is no real ‘best time to switch’. Certain factors can slow down the process with lenders, such as how busy they are (Earlier in the year is usually faster). Also if your mortgage is more than 3.5x your salary, you will need an exemption (Central Bank) – In this case the earlier the better as there’s more excemptions available.

When considering switching Mortgage, December can be a particularly slow month as banks operate on reduced hours due to christmas. This makes January quite busy and can tend to slow things down.

This is a little bit of “how long is a piece of string?”. It depends on many factors such as your application, the lender and their requirements, solicitors. but in general around 6 weeks is an accurate estimate.

Since 2019, the Central bank of Ireland introduced new measures to make mortgage switching easier.

They introduced new measures that lenders have to now follow.

These measures mean that lenders must:

  • Tell you about cheaper mortgage options 60 days before you come out of a fixed rate mortgage
  • Tell you if you can switch to a cheaper mortgage based on how much equity is in your home
  • Clearly explain the pros and cons of any mortgage incentives such as cashback offers
  • Give you a comparison of how much your mortgage costs versus other options offered by your lender if you ask for one
  • GiveΒ you all the informationΒ you need to switch, including telling youΒ how long it will take
  • Give you a decision within ten business days of receiving a completed mortgage application

Source – Central Bank of Ireland

Warning: You may lose your home if you do not keep your repayments.

Warning: The cost of your monthly repayments may increase.Β 

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, limiting your ability to access credit in the future.Β 

Warning: The entire amount you have borrowed will still be outstanding at the end of the interest-only period. The lender may adjust the payment rates on this housing loan from time to time. (Applies to variable-rate loans only).

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Coronavirus Covid 19 Information

We would like to assure our customers that although this Worldwide Pandemic has struck our Nation hard, we are still here for our new and existing customers. All phone calls and emails will be dealt with accordingly.

In the unfortunate circumstance that a customer contracts COVID-19 and dies, our life policies would pay out in line with our usual claims philosophy.

All Consultations will be held by Phone or Online via Computer/Smart Device to remove face-to-face interactions and keeping in line with social distancing guidelines recommended by the Government.

We at Lowquotes.ie hope you, your family and your loved ones stay safe & healthy in this time.