Switching mortgage provider, what are the costs ?

H

hermes

Registered User
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Hi Guys

We currently have our mortgage with PTSB.

I saw Halifax's new mortgage rates which based on our mortgage (320k and 65% LTV) would save us over €130 per month for the first two years and over €60 per month thereafter.

Halifax say they cover legal costs up to €1,000 and the valuation fee €150....so it seems like a no brainer if I can get a solicitor for €1,000 or less. Am I missing something e.g. other costs, are solicitors much more than €1,000 for a refinance ?

Any thoughts ? Would you switch if you were in my position ?

Thanks

Hermes
 
You'll have to pay the €320 Stamp Duty on the mortgage deed and perhaps another €100 or so in legal outlays which may or may not be covered by the €1000 but otherwise it's a no brainer I would have thought.......

Sarah

www.rea.ie
 
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