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 and 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-winning 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.

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

Meet our Team of Expert Advisors

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.

Would you like to speak to an advisor?

Our award winning team is always here to help you.

Google Reviews

LowQuotes.ie
4.9
Based on 1423 reviews
Ritchel P.
Ritchel P.
I recently had the pleasure of dealing with Neil of LowQuotes.ie for our Mortgage Protection insurance. Everything was straightforward and he made sure that he answers all my questions. He made sure that we get a cover in all aspects without being too pushy so he provided us with options that we can consider. In the end, we still got a good cover that’s within our budget. He was very knowledgeable and made this insurance hunting for us like a walk in the park.
Theresa V.
Theresa V.
We would just like to show our appreciation for the brilliant service & advise from Aoife Morgan.We are extremely happy with all that Aoife had to offer us i.e. the best quotations and available options.We are delighted with our choice, by getting all additional information needed, speedy feedback & all the value added from Aoife.Aoife are highly recommended, especially regarding her competency, efficiency & excellent communication skills.Thanks you very much & much appreciated.Theresa & Aubrey Staples
Response from the owner: Hey Theresa & Aubrey,We’re delighted to hear about your positive experience with Aoife Morgan. It’s great to know she was able to provide the best quotations, clear advice, and quick feedback to help you make the right choice. We really appreciate you highlighting her competency, efficiency, and excellent communication. That’s exactly the standard we aim for every time.If you ever need anything else or have any questions in the future, please don’t hesitate to reach out.Best Regards,LowQuotes Team
Rishi R.
Rishi R.
I had the pleasure of dealing with Aoife Morgan regarding my life insurance, and I can confidently say she made the entire experience smooth, honest, and reassuring.She was incredibly patient throughout the process — never rushed me, always listened, and helped me understand all the options available. She guided me toward a life insurance plan that fits my budget, yet still gives my family solid protection for the future.Aoife also offered genuine advice and took the time to answer all my questions, even when I was unsure or needed clarity more than once.I truly appreciated her professionalism, kindness, and calm approach. I wish her continued success and prosperity — and would absolutely recommend her to anyone looking for insurance advice or support. She’s a real credit to her team and clients.Thank you, Aoife.
Response from the owner: Hey Rishi,We’re thrilled to read your thoughtful review, thank you so much for taking the time to share your experience with Aoife Morgan. It’s fantastic to hear how her patience, clear advice, and genuine care made arranging your life insurance smooth and reassuring.We’re especially glad you felt fully informed and supported every step of the way, that’s exactly the standard we strive for. We’ll be sure to pass on your kind words to Aoife, she’ll be delighted!If you ever need any further help or advice, please don’t hesitate to reach out.Best Regards,LowQuotes Team
Joan S.
Joan S.
I found Shaun to be very helpful in answering all my questions and explaining everything to me.
Response from the owner: Hey Joan,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to answer all your questions and explain everything clearly. 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
Wesley S.
Wesley S.
Bernadine was exceptionally helpful. She provided guidance and support at every stage of our mortgage application. I've already recommended her to friends and family, and would highly suggest anyone looking for a new mortgage, or to change an existing mortgage, reach out to Lowquotes.
Response from the owner: Hey Wesley,We’re delighted to hear about your positive experience with Bernadine. It’s great to know she was able to guide and support you through every stage of your mortgage application. We really appreciate you recommending us to your friends and family — that means a lot! If you ever need any further assistance or have questions in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
James K.
James K.
Aoife guided us all the way. Very informative along with her sunny disposition even though we were discussing life (death) cover. Will check in with her again when we need other cover.
Response from the owner: Hey James,We’re delighted to hear about your positive experience with Aoife. It’s great to know she guided you so well and made the process informative and pleasant, even when discussing something as serious as life cover. We really appreciate your trust and look forward to helping you again when you need other cover in the future.Best Regards,LowQuotes Team
Aoife O.
Aoife O.
Niamh was very helpful and efficient. Made the whole process easier than expected and answered all questions thoroughly.
Response from the owner: Hey Aoife,We’re delighted to hear about your positive experience with Niamh. It’s great to know she was able to make the whole process easier and answer all your questions clearly. We aim to make everything 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
Caitlin C.
Caitlin C.
Colin was helpful, friendly, knowledgeable and professional. He made the process of applying for life insurance which I've been avoiding for months, a very simple, painless experience. I highly recommend asking for Colin if you're seeking similar cover.
Response from the owner: Hey Caitlin,We’re delighted to hear about your positive experience with Colin. It’s great to know he was able to explain everything clearly and make the process of applying for life insurance simple and stress-free. That’s exactly the kind of service we aim to provide!Thanks so much for your kind words and for recommending us—if you need anything else down the line, don’t hesitate to reach out.Best Regards,LowQuotes Team
Charlena M.
Charlena M.
Colin was lovely to work with. Made the process very easy
Response from the owner: Hey Charlena,We’re delighted to hear about your positive experience with Colin. It’s great to know he made the process easy and enjoyable for you. That’s exactly what we strive for at LowQuotes!Thanks for taking the time to leave a review—if you ever need anything else, we’re just a call away.Best Regards,LowQuotes Team
Kirstie F.
Kirstie F.
There’s truly not enough words to describe how positive our experience was with Aoife. Getting into the discussion of life insurance, mortgage protection etc can be so daunting as a young couple, but having someone like Aoife talk us through and explain everything so throughly made that experience so much easier and comfortable. Her knowledge on these areas for someone of her age especially is outstanding and while covering sensitive subjects or situations she could not have been more reassuring or comforting. If I could give a 100 stars I would!
Response from the owner: Hey Kirstie,We’re absolutely thrilled to hear about your experience with Aoife. Navigating life insurance and mortgage protection can definitely feel overwhelming, especially as a young couple, so we’re delighted she was able to make the process clear, comfortable, and reassuring for you both.Aoife is a real asset to our team, and your kind words mean a lot—we’ll be sure to pass them on! If you ever need anything in the future, we’re always here to help.Best Regards,LowQuotes Team
Jekaterina M.
Jekaterina M.
Absolutely amazing to have such a professional person as Aoiphe!!!!Fantastic job!!!
Response from the owner: Hey Jekaterina,We’re so pleased to hear about your experience with Aoife! She truly is a fantastic part of our team, and it’s great to know her professionalism made such a positive impression.Thanks so much for the lovely review—if we can help with anything else, just let us know.Best Regards,LowQuotes Team
nicole B.
nicole B.
We had a fantastic experience working with Neil. From the very beginning he was incredibly helpful, patient, and knowledgeable. All the information out there was very overwhelming, but Neil took the time to walk us through every step of the process, explaining all the details in a way that was easy to understand.What truly stood out was his genuine care and commitment to finding the best coverage for our needs and answered all our questions promptly and made sure we felt confident and informed before making any decisions. Neil's professionalism and friendly approach made the whole experience smooth and stress-free.We’re delighted with the service and would highly recommend Low Quotes to anyone looking for trustworthy advice and insurance and a reasonable price.
Response from the owner: Hey Nicole,We’re thrilled to hear about your fantastic experience with Neil! It’s great to know he was helpful, patient, and made everything easier to understand during what can often feel like an overwhelming process.Neil’s commitment to finding the best coverage and ensuring you felt confident and informed is exactly what we strive for at LowQuotes. We’re so glad he could provide that level of care and professionalism.Thanks so much for the lovely recommendation—if you ever need anything in the future, we’re just a message away.Best Regards,LowQuotes Team
Sean M.
Sean M.
Could not recommend enough!!Neil, who we dealt with made the whole process so simple and easy to understand.
Response from the owner: Hey Sean,We’re delighted to hear about your positive experience with Neil. It’s great to know he was able to explain everything clearly and make the process simple and stress-free. We aim to make everything 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
Luke
Luke
Craig was great to deal with throughout the process
Response from the owner: Hey Luke,We’re delighted to hear about your positive experience with Craig. It’s great to know he made the process smooth and easy for you. We always aim to provide a straightforward and helpful service, so your feedback is very much appreciated!If you have any questions down the line or need further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Allan H.
Allan H.
The service from Aoife at Lowquotes was exceptional and very thoroughI was kept informed at all times during the telephone application regarding progress and all the relevant financial facts. The entire process was made very easy and stress free - thank you so very muchBest wishesAllan HarrisGP West Cork
Response from the owner: Hey Allan,We’re so pleased to hear about your exceptional experience with Aoife. It’s great to know she kept you informed throughout the process and made everything easy and stress-free. Providing clear, thorough support is exactly what we aim for, so your kind words mean a lot.Thanks again for taking the time to share your feedback—wishing you all the best!Best Regards,LowQuotes Team
N
N
5 starsBernadine Day, you are always eager to help. Your service is impeccable!You were recommended by a friend and you didn’t fail. You delivered,above my expectations .Thank you Bernadine,Thank you LowQuotes.-Adetutu
Response from the owner: Hey Adetutu,We’re so glad to hear about your 5-star experience with Bernadine! It’s fantastic to know she exceeded your expectations and delivered such impeccable service. We’re proud to have her on the team, and we’ll be sure to pass along your kind words.Thank you for the lovely feedback and for trusting LowQuotes—we’re always here if you need anything!Best Regards,LowQuotes Team
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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 or 
  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 by 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

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. 

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.  See how much it will cost here with 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!

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). 

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

Want to get started with your first mortgage? Need more advice?

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
  • Give you all the information you need to switch, including telling you 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. 

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. 

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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Career opportunities at LowQuotes.

Here at LowQuotes, we want to ensure that our clients receive the highest standards of service.  If you have a passion for connecting with people and aspire to thrive in a culture built on trust, integrity, dedication, and excellence, this could be the perfect fit. 

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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.