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Mortgage Solicitor Dublin
Have a read of the advice from our Mortgage Solicitor Dublin below!
Shop around for mortgage interest rates. Banks are offering attractive products these days especially about mortgage interest rates. Also included in the attractive products are the incentives that go with some of these products. Some banks offer cash back however other banks are offering to pay a contribution towards the cost of switching. In some cases, borrowers may be getting more in the contribution than they are paying in costs. Could you get a lower rate by switching? Will a different bank contribute to the cost of switching? You should find out what interest rate you are paying and if you can get a cheaper rate elsewhere. That said you should also find out what type of rate you are paying because if it is a fixed rate there may be a penalty for breaking from a fixed rate early. However, in the long run it might be better to take the penalty and make the savings in the long run. Think about re-mortgaging and switching rates and banks. Shop around for mortgage interest rates. Talk to us about re-mortgaging.
Switching your mortgage means taking out a new mortgage with a new bank and using this to repay the existing mortgage. Local Solicitor can guide you through the mortgage switching process.
The steps involved is switching your mortgage
- Contact your mortgage broker or go directly to the financial institutes to find out what mortgage deals are available to you.
- Once you decide which bank you will switch your mortgage to Local Solicitor will take up your title deeds from the bank you are leaving. This is done by authorising Local Solicitor to obtain the title deeds from the bank.
- Once your new bank has formally approved your switch, the bank will send you a formal Letter of Offer setting out the terms and conditions of the loan. The bank will also issue a Loan Pack to Local Solicitor this will contain the mortgage documents.
- On receipt of the Loan Pack Local Solicitor will arrange for you to attend our office to sign the necessary authority to allow us to act on your behalf. We will go through the loan offer in detail to confirm that the rates and terms of the loan offer are exactly those which you have agreed with your new bank. Once you are satisfied with the terms and conditions, we will arrange for you to sign Loan Offer.
- We will write to the bank to obtain redemption figures this will allow us to ascertain the outstanding balance on your existing mortgage.
- Once all the necessary documentation is signed, Local Solicitor will request the funds from your new bank. Local Solicitor will arrange to discharge this mortgage from the proceeds of your new mortgage.
- Local Solicitor will then arrange to register the mortgage with the Property Registration Authority.
- Once the mortgage is registered Local Solicitor will forward the title deeds to your new Bank where they will be held until the mortgage is repaid or you switch your mortgage to another Bank.
The information contained in this website is an overview and explanation of the general process. It is not to be taken as legal advice. Please consult Local Solicitor for legal advice. If you need to get involved in a process Local Solicitor is in your corner to help you through the process. You can contact Local Solicitor by telephoning 01 8438138.
What else can our Mortgage Solicitor in Dublin help you with
WARNING. Buying a house is a stressful process. The good news is it is a rite of passage, you will get there.
If you need to get involved in a contract Local Solicitor is in your corner to help you through the process.
When you enter into a lease agreement on a commercial property it is important that you understand the terms of the lease. Local Solicitor can assist you in understanding the terms of the lease as well as assisting you in negotiated the best possible terms for you.
A landlord must ensure that the rental property is in a proper state of structural repair (internally and externally).
The landlord must ensure that electricity or gas supplies are safe and in good repair, and that every room has adequate ventilation and heating that tenants can control, and both natural and artificial lighting.
Shop around for mortgage interest rates. Banks are offering attractive products these days especially about mortgage interest rates. Also included in the attractive products are the incentives that go with some of these products. Some banks offer cash back however other banks are offering to pay a contribution towards the cost of switching. In some cases, borrowers may be getting more in the contribution than they are paying in costs. Could you get a lower rate by switching?
Local Solicitor receives a lot of enquiries about property being sold at auction. Property is usually sold at auction by a receiver. This usually occurs where a Bank has appointed a receiver to sell the property. As the receiver is appointed by the Bank, they will have little or no knowledge of the property.
