Find out how much you could save per month by moving your mortgage to a bank with better terms.
Estimated switching costs: early repayment fee of 0.5% of the capital (variable rate; 2% on a fixed rate) plus around €700 for valuation, registrations and expenses. The Guru does the exact sums, with your contract's costs, before you go ahead.
If you took out your mortgage a few years ago, you may be paying a higher spread than the market offers today. Moving the mortgage to another bank can lower the instalment, but it only pays off if the saving beats the switching costs.
The Guru compares your situation with the partner banks' offers and tells you, with numbers, whether it really pays off.
There may be costs such as: your current bank's early repayment fee (up to 0.5% of the capital repaid on a variable rate, up to 2% on a fixed rate), a new property valuation, registrations and stamp duty. The Guru includes these costs in the sums.
Yes, but on a fixed rate the early repayment fee can be up to 2%. Even so, it may pay off; it depends on the numbers.
It depends on the bank, but usually a few weeks. The Guru handles the process and keeps you posted.
The calculator gives you an estimate. The Guru goes to the partner banks and brings you real offers, at no cost to you.