Giving you peace of mind
If you are approaching the end of a fixed rate period in your mortgage arrangement, your lender may offer a Product Transfer. This will depend upon the amount of equity you have in the property, through the value you have paid off during the course of the mortgage plus the increase in the value of the building over the time since you took out the loan. The lender may offer a mortgage with a revised loan to value, reflecting the increase in value since the original loan was taken out.
If staying with your existing lender is the most suitable and beneficial option to meet your needs, at D O’Kane Financial Services we can process and administer this entire process on your behalf, taking away the stress and giving you peace of mind.
As a mortgage is secured against your home or property it may be repossessed if you do not keep up the mortgage repayments.