Refinance or Equity release


Refinance

You have an EXISTING borrowing but you want to change it because:

       1. It's too expensive
       2. On a repayment loan but want to move to an interest only loan
       3. The existing loan is in Ireland/UK and you now want to have a loan in France or Turkey

It is possible to do a refinance. Points to be aware of before you start:

         1.  You may have to pay a penalty to your existing lender to break your current loan
         2.  Loan fees & taxes (c.3% of loan amount) apply to the new loan
         3.  Typically banks will finance 60% - 70% LTV of the property on which the loan is being taken out on
         4.  The normal customer borrowing criteria - as for standard purchase loans



Equity Release

The value of your property well exceeds any borrowings that are secured against the property. Banks will allow you to borrow against this positive excess.

Typical criteria and limits are as follows:

       1.  Possible to borrow up to 70% of the market value of the property 
       2.  Loan fees & taxes (c.3% of loan amount) apply to the new loan
       3.  Typically banks will finance 60% - 70% LTV of the property on which the loan is being taken out on
       4.  The normal customer borrowing criteria - as for standard purchase loans



Contact us now on 353 87 2598880 or CLICK HERE and we can quickly assess if your qualify for a refinance or equity release. We will give you a quote within 24 hours.