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Amount: Term (year): Method: Rate (%):

Remortgage

Tell us
- your outstanding mortgage amount,
- the approximate value of your property and
- the interest rate you are being charged.

 We can tell you very quickly if you can save money!

There 3 main types of remortgage:
1. “Switcher” = Switching mortgage lender for a better interest rate
2. “Equity Release” = Borrowing money for home improvements, to buy another property or any other purpose. The current value of your property less the existing mortgage is known as your equity in the property.
3. “Debt Consolidation” = Putting all your loans into one, to reduce your total monthly outgoings. Mortgage rates are much lower than other loans.

A remortgage can actually be any combination of the 3 types.
The new mortgage can be as high as 92% of the property value, although in the present climate many lenders have resticted remortgages to anything from 50% to 90%. Some banks now have a policy of not allowing any debt consolidation at all. Lending policies are changing all the time, making it very difficult for consumers to keep up to date.

Call us today on 01-6276000 or email info@lucasmortgage.ie