Switcher Mortgages | Avant Money
Switcher Mortgage
Switcher Mortgage
Why choose avant money switcher benefits 1
Our mortgage hub brings every step of the mortgage journey together, from application to drawdown. No more endless searching through files and emails - everything you need is in one place. You can manage the entire application online at a pace that suits you.
Borrow up to 80% of the value of your home and choose to repay your mortgage over a term between 5 and 35 years. Enjoy fixed monthly repayments with great rates from 3.85% (3.87% APRC). 1
You will have access to expert support every step of the way with your own dedicated mortgage advisor. You can chat online in the mortgage hub or call them if you need to talk.
Why choose avant money switcher benefits 2
We don’t just offer what every other lender does, we have designed a range of innovative mortgages to suit your needs. Don't take our word for it - we were awarded the Best Mortgage for Switchers by bonkers.ie in 2022 and 2023.
Leave behind concerns about fluctuating mortgage repayments with our wide range of fixed rates.1 Our unique One Mortgage offers a fixed rate for the full term, making it the only mortgage in Ireland where your repayment will never change.2
Our mortgages include market-leading features such as a 10% annual overpayment allowance and capped early redemption fees.2 Our features are available to both new and existing customers.
View our Mortgage products Switcher page
Switcher Mortgage Calculators
Switcher Mortgage Calculators
Learn how much you could borrow with the Avant Money Switcher Mortgage Calculators. Calculate your potential repayments and get a mortgage estimate in less than five minutes.
Mortgage calculators switcher page
See how much your monthly repayments would be and how much you could save if you’re switching to us.
The Switcher Mortgage Journey Steps
The Switcher Mortgage Journey Steps
The Switcher steps for mortages
The Avant Money Switcher Mortgage Journey
Step 1: Get Mortgage Ready
Discover how much you could save: Explore our mortgage calculators to see how much you could save by switching your mortgage.
Flexible mortgage products: Avant Money has a wide range of mortgage products, rates and flexible features. To help you make the right choice, you should explore the options that best suit your current and future lifestyle arrangements.
Unlock your home’s potential: Start those dream renovations by releasing the equity you’ve built up, over the time you’ve owned your home, to pay for them. Check your eligibility today.
How to apply: You have the choice to apply directly with Avant Money online or with one of our network of brokers.
Step 2: Get Mortgage Approval
To streamline your mortgage approval process, follow these steps:
Register for the Avant Money mortgage hub: The mortgage hub is a unique one-stop-shop for everything you will need to secure your first home.
Complete your application:You’ll start by telling us a little more about you, you can start and stop at any stage, filling in the information we need to get your application moving whenever it suits you. Easily upload the necessary documents to our secure system for a quick and efficient review. This ensures that your application progresses in a timely manner.
Get approval in principle: Once we receive your application, it normally takes 2 working days for us to review your details and provide a decision. If approved, we will send you an Approval in Principle letter, which will outline your next steps.
Step 3: Get A Mortgage Offer
To proceed with your mortgage application, follow these important steps:
Arrange a valuation: Schedule an independent and professional property valuation with our partner vmsireland.ie. This valuation serves multiple purposes, including assessing the market value and condition of the property.
Engage a solicitor: Solicitors play a crucial role in the mortgage process by offering expert guidance on the legal requirements of purchasing a home. They will help ensure that all the necessary legal checks and documentation are completed accurately and efficiently.
Provide any further documents: As outlined in your Approval in Principle letter.
Step 4: Get Ready to Close
Before you can draw down the mortgage itself, you’ll need to complete:
Conveyancing: The conveyancing process is an essential step that your solicitor will undertake on your behalf. It involves legally transferring ownership of the property and ensuring that all legal requirements are met. Work closely with your solicitor and review all necessary documents to ensure a successful closing.
Arrange life insurance: Provide us with a mortgage protection policy covering yourself (and any co-applicant).
Secure home insurance: As you approach the final stages of securing your mortgage, it's essential to obtain home insurance coverage to switch your mortgage. You may be able to use your exisiting home insurance policy.
Set up direct debit: As closing approaches, you will need to set up a direct debit. This allows for easy and convenient monthly mortgage repayments and peace of mind.
Drawdown: Congratulations! At this stage, all your hard work pays off. Once everything is in order, we will transfer the approved mortgage funds to your solicitor who will arange repayment of your exisiting mortgage.
Step 5: Switch Mortgage
Congratulations! You now have your new mortgage with Avant Money. Whether you're now enjoying the certainty of our One Mortgage where your repayment is fixed for the life of the loan, or one of our fixed term rates, we're delighted that you switched to Avant Money.
First repayment: Your first mortgage repayment is due one month after your new mortgage is completed and will be automatically deducted by direct debit.
Stay Connected: Our team is always here to help. If you have any questions or want to explore benefits for existing customers, feel free to contact us.
Switcher Guide
Switcher Page products title
Our Mortgage Products
Our Products Switcher page
The only mortgage in Ireland which provides you with a fixed rate for the full mortgage term, so your repayment never changes. 3
Choose a rate which is fixed for a set number of years with 3, 4, 5, 7 and 10-year options and competitive follow-on variable rates. 3
(Existing customers only) Our follow-on variable rate will give you the full flexibility to make changes to your mortgage and make unlimited overpayments.
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T&Cs Swtcher page
Source of claims relating to:
1 Rate of 3.85% (3.87% APRC) applies to a 3-year fixed rate with a loan to value (LTV) of 60% or less. APRC is the Annual Percentage Rate of Charge. This rate allows you to easily compare mortgages from different lenders. It considers all the costs involved over the term of the mortgage, such as set-up charges and the interest rate. The lower the APRC, the lower your monthly repayments and cost over the full term of your mortgage.
2 Up to 30-year fixed term mortgage rates, 10% overpayment allowance and 2% early redemption fee cap are unique in Ireland to Avant Money. Source: Other lender websites as of 20 December 2023.
3 One Mortgage unique/only claim based on comparison against competitor mortgage products as advertised on their websites as of 20 December 2023 . One Mortgage is designed to give a fixed rate for the full mortgage term (between 5 and 30 years), whereas competitor fixed rate mortgage products are designed to provide a fixed rate for a set number of years (between 1 and 10), following which they revert to a managed variable rate or a new fixed rate.
Lending criteria and terms and conditions apply. The monthly repayment on a 20-year mortgage with Loan to Value (LTV) greater than 80% with variable borrowing rate of 3.95% on a mortgage of €100,000 is €603.35 for 240 months. Total amount repayable is €145,028.74. If interest rates increase by 1% an additional €53.85 would be payable per month. For this example, Annual Percentage Rate of Charge (APRC) of 4.0% applies and consists of variable borrowing rate of 3.95%, valuation fee of €185, and security release fee of €40. LTV is the amount borrowed as percentage of the value of your home. Information correct at 20 December 2023 and subject to change. You mortgage your home to secure the loan. Maximum loan is generally 3.5 times gross annual income (4.0 for first time buyers) and 90% of the property value (80% for switchers). The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home. Applications from residents of ROI over the age of 18 only, and subject to repayment capacity, financial status and property valuation. We require property and life insurance.
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