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Proud to partner with ICS Mortgages

We partner with the providers of the lowest rates in the market!

Proud to partner with ICS Mortgages

We partner with the providers of the lowest rates in the market!

Proud to partner with ICS Mortgages

We partner with the providers of the lowest rates in the market!

ICS Mortgages

ICS mortgages was a section of the Bank of Ireland mortgage group but in 2014 was acquired by Dilosk along with a book of performing mortgages. They offer a range of mortgage products to first-time home buyers, switchers, and buy-to-let buyers. They are a renowned non-bank lenders offering the lowest Irish market rates.

Recently, ICS made various changes in their mortgage policy to state that they will only be lending 2.5 times the borrower’s income. They also increased the deposit a borrower is expected to make for their Mortgage to 20%.

ICS Mortgage Products

The non-bank lender is among the best alternative for banks available in Ireland.

They offer their mortgages to first-time home buyers, switchers, home movers, and buy to let. Their Mortgages starting from 100,000 euros and more. It is imperative to note that they don’t offer self-build mortgages.

ICS only offers short-term and medium-term fixed mortgage products and does not offer long-term mortgage products.

They are as follows:

HTML Table Generator
Term
  3  5 
LTV  50% 4.75% 4.9%
 60% 4.75% 4.9%
 70% 4.8% 4.95%
80%  4.95% 5.1%
90%  5.05% 5.19%

ICS
Credit Approval Policy

In the past, compared to Avant Money, they have a more flexible mortgage approval policy. Currently, they allow home buyers to borrow 2.5 times their income. People in the public sector can benefit immensely from ICS mortgage products. ICS adds all public sector employees’ salaries by two points and considers allowances and overtime as part of your disposable income.

Currently, they are pretty strict on their approval credit policy. They will only give mortgages to people with an income of 50,000 euros for a single applicant and 100,000 euros for a couple. The minimum loan size that you can qualify for is 150,000 euros.

After the mortgage application, it will take an average of 5 business days to get approval. ICS can lend mortgages to companies, pension unit trusts, and individuals.

ICS
Mortgage Strategy

The primary strategy of ICS is to offer low rates to Irish homebuyers. They encourage switching the traditional bank customers to their mortgage deals. In the past, they were famous for not having a strict lending policy. But in August 2022, they decided to incorporate some strict credit approval policies for their mortgage policies. Working in the public sector will include higher income when making a credit decision.

ICS is also famous for having a specific mortgage product offering only 3- and 5 years of fixed mortgage rates. If you are considering a long-term fixed mortgage product you should consider lenders such as Avant Money.

Pros of ICS Mortgage

Offers Mortgage Breaks

Borrowers can apply for a mortgage break of 3 months for their repayment schedule a maximum of three times in the lifetime of the mortgage. The mortgage break allows them to have breathing time. You can apply for a break in medical emergencies or childbirth scenarios, among others.

Very Flexible Mortgage
Repayment Options

ICS is known for having lenient mortgage repayment options for homebuyers. You can talk with the mortgage broker and find out about their best repayment terms.

Boosted Earnings for Employees in
the Public Sector

For employees in the public sector, ICS is undeniably the best non-bank lender for them. They take two points of the scale on your income and include overtime and allowances as part of your disposable income.

CONS

Don’t offer long-term fixed mortgage products

Don’t offer self-build mortgage products

ICS mortgages only offer medium and short-term fixed mortgage rates and do not offer long-term fixed rates.

Their mortgage products can be accessed through various brokers; you can simply contact their lending team. The first-time home buyer can get a mortgage of up to an LTV of 80%. Second homebuyers can get a mortgage of up to 70%. On the other hand, a switcher can get a mortgage of up to an LTV of 80%. Additionally, ICS is quite outstanding in the market due to their flexible mortgage repayment deals and also offers incredible mortgage breaks for their consumers.

Pros of ICS Mortgage

Offers Mortgage Breaks

Borrowers can apply for a mortgage break of 3 months for their repayment schedule a maximum of three times in the lifetime of the mortgage. The mortgage break allows them to have breathing time. You can apply for a break in medical emergencies or childbirth scenarios, among others.

Very Flexible Mortgage
Repayment Options

ICS is known for having lenient mortgage repayment options for homebuyers. You can talk with the mortgage broker and find out about their best repayment terms.

Boosted Earnings for Employees in
the Public Sector

For employees in the public sector, ICS is undeniably the best non-bank lender for them. They take two points of the scale on your income and include overtime and allowances as part of your disposable income.

CONS

Don’t offer long-term fixed mortgage products

Don’t offer self-build mortgage products

ICS mortgages only offer medium and short-term fixed mortgage rates and do not offer long-term fixed rates.

Their mortgage products can be accessed through various brokers; you can simply contact their lending team. The first-time home buyer can get a mortgage of up to an LTV of 80%. Second homebuyers can get a mortgage of up to 70%. On the other hand, a switcher can get a mortgage of up to an LTV of 80%. Additionally, ICS is quite outstanding in the market due to their flexible mortgage repayment deals and also offers incredible mortgage breaks for their consumers.

HOW IT WORKS

Get the 20% better rate in four easy steps

HOW IT WORKS

Get the 20% better rate in
four easy steps

HOW IT WORKS

Get the 20% better rate in
four easy steps

STEP # 1

Register to your
mortgage portal

Online 24/7, access your application
anytime, anywhere

STEP # 2

Complete Your Mortgage
Health Check

Our quick affordability models will show
you what can afford and what you can
save with Switcheroo.ie’s best rates

STEP # 3

Friendly Expert Support

Chat or video conference with a friendly
member of the switcheroo.ie team to
confirm what mortgage suits you best

STEP # 4

With you till the end

We handle all the difficult bank
interactions and keep you updated until
your mortgage completes.

STEP # 1

Register to our mortgage portal

Online 24/7, access your application anytime, anywhere

STEP # 2

Complete your Mortgage Health Check

Our quick affordability models will show you what can afford and what you can save with Switcheroo.ie’s best rates

STEP # 3

Friendly expert support

Chat or video conference with a friendly member of the switcheroo.ie team to confirm what mortgage suits you best

STEP # 4

With you till the end

We handle all the difficult bank interactions and keep you updated until your mortgage completes.

WHY CHOOSE US

Save with Switcheroo

We have partnered with all mortgage provider groups in Ireland and with our impartial advice we will get you the best rate available. And the best rate is typically 20% better than the average rate. Don’t forget Switcheroo is free!

WHY CHOOSE US

Save with Switcheroo

We have partnered with all mortgage provider groups in Ireland
and with our impartial advice we will get you the best rate
available. And the best rate is typically 20% better than the
average rate. Don’t forget Switcheroo is free!

WHY CHOOSE US

Save with Switcheroo

We have partnered with all mortgage provider groups in Ireland
and with our impartial advice we will get you the best rate
available. And the best rate is typically 20% better than the
average rate. Don't forget Switcheroo is free!

GREAT FIT FOR EVERYONE

Who is it for?

Switchers

With our great switching rates you
will save thousands of euros, So start
saving now

New homeowners

Getting a mortgage can be a scary
experience for a First Time Buyer, don’t
worry we have your back on this.

Movers

Looking to trade up? Let’s figure out
how to make that next move as cheap
as possible with our Best Rates

“Our mission at Switcheroo is to help people find their dream home with the best mortgage rate available in the market. There is now such a wide variety of mortgage available in Ireland it is critical that customers get expert support to help them save with the right choice. With our platform we give people the tools, knowledge and expert support they need to help them buy and finance their homes at the lowest cost.”

Alison Fearon, CEO

Ceo-Alison-op

“Our mission at Switcheroo is to help people find their
dream home with the best mortgage rate available in the
market. There is now such a wide variety of mortgage
available in Ireland it is critical that customers get expert
support to help them save with the right choice. With our
platform we give people the tools, knowledge and expert
support they need to help them buy and finance their
homes at the lowest cost.”

Alison Fearon, CEO

“Our mission at Switcheroo is to help people find their dream home with the best mortgage rate available in the market. There is now such a wide variety of mortgage available in Ireland it is critical that customers get expert support to help them save with the right choice. With our platform we give people the tools, knowledge and expert support they need to help them buy and finance their homes at the lowest cost.”

Ceo-Alison-op

Alison Fearon, CEO

HAVE QUESTIONS

Read our FAQ

You're called Switcheroo.ie but do you help First Time Buyers and Home movers?

Yes, we absolutely do. As long as you are looking to buy a residential property we stand ready to help. We like the name Switcheroo as you are switching home if you are a mover and even if you are a buyer you are switching from tenant to homeowner!!!

What’s the best mortgage I can get?

That’s a question we hear a lot but there is no simple answer to this. There are a number of factors to this which both you and we need to consider when you are thinking of getting a mortgage.
Mortgages come with different terms and banks use different criteria to establish who they lend to, how much and at what rate. Don’t stress too much! You can find out pretty quickly to see if it’s worth your while. From there we will guide you through the process and make sure you get the right mortgage for you and make the process as simple as possible.

If I am a switcher how much can I save?

The Central Bank of Ireland published research that showed that many existing mortgage holders can save over €10,000 euros by switching their mortgage. It will depend on your specific circumstances but just 20 seconds on our calculator will show you what its worth for you to switcheroo.

What documents will you need from me?

Initially, none. The first step is for you to take our Financial Health Check in your secure customer portal. This will help us understand your circumstances and see if you are mortgage fit but we don’t need documentation at that stage. Only later when we move on to preparing your submission to a lender, will we need to make sure that your information is accurate, and we’ll need documentation from you then. Those include proof of your identity, income, utility bills with proof of address, as well as things like visa status where it applies. We’ll always make it clear exactly what we need and why.

Do you perform credit checks?

Our job is to make sure that you have the best possible chance of being accepted. So, we perform our own affordability check before sending anything to a lender. This leaves no footprint on your credit history.

I want to switcheroo, what’s next?

On our website there are calculators that will help you figure out what you can save or what your mortgage would cost. From there you’ll need to register into your customer portal so we can perform a Financial Health Check on you to assess what you can afford.

If all is well, we will then ask for more details on your current circumstances and the specifics of the house you want to mortgage.

Usually, this shouldn’t take more than 60 minutes, and you’ll be one step closer to a mortgage. At this point, you can have a phone call with one of our mortgage experts. They will answer any questions you have and tell you exactly what documents you’re going to need. From there, the expert team will guide you through the application process and keep you updated on progress. You can check progress online and we will keep you updated along the way.

What does Switcheroo.ie do with my data?

It’s all explained in our privacy policy, but basically: we won’t spam you and we won’t pass on your data to other companies so that they can spam you. We hate that.

How does Switcheroo.ie make money?

Yep, we don’t charge any commission. If you get a mortgage using Switcheroo.ie, the lender you use pays us a commission. Some intermediaries charge you an additional commission but not us, we are free forever. These commission never affect our advice. Our reputation and livelihood depend on us always giving our customers the best possible advice. The important bit is we’ll never charge you a penny.

HAVE QUESTIONS

Read our FAQ

You're called Switcheroo.ie but do you help First Time Buyers and Home movers?

Yes, we absolutely do. As long as you are looking to buy a residential property we stand ready to help. We like the name Switcheroo as you are switching home if you are a mover and even if you are a buyer you are switching from tenant to homeowner!!!

What’s the best mortgage I can get?

That’s a question we hear a lot but there is no simple answer to this. There are a number of factors to this which both you and we need to consider when you are thinking of getting a mortgage.
Mortgages come with different terms and banks use different criteria to establish who they lend to, how much and at what rate. Don’t stress too much! You can find out pretty quickly to see if it’s worth your while. From there we will guide you through the process and make sure you get the right mortgage for you and make the process as simple as possible.

If I am a switcher how much can I save?

The Central Bank of Ireland published research that showed that many existing mortgage holders can save over €10,000 euros by switching their mortgage. It will depend on your specific circumstances but just 20 seconds on our calculator will show you what its worth for you to switcheroo.

What documents will you need from me?

Initially, none. The first step is for you to take our Financial Health Check in your secure customer portal. This will help us understand your circumstances and see if you are mortgage fit but we don’t need documentation at that stage. Only later when we move on to preparing your submission to a lender, will we need to make sure that your information is accurate, and we’ll need documentation from you then. Those include proof of your identity, income, utility bills with proof of address, as well as things like visa status where it applies. We’ll always make it clear exactly what we need and why.

Do you perform credit checks?

Our job is to make sure that you have the best possible chance of being accepted. So, we perform our own affordability check before sending anything to a lender. This leaves no footprint on your credit history.

I want to switcheroo, what’s next?

On our website there are calculators that will help you figure out what you can save or what your mortgage would cost. From there you’ll need to register into your customer portal so we can perform a Financial Health Check on you to assess what you can afford.

If all is well, we will then ask for more details on your current circumstances and the specifics of the house you want to mortgage.

Usually, this shouldn’t take more than 60 minutes, and you’ll be one step closer to a mortgage. At this point, you can have a phone call with one of our mortgage experts. They will answer any questions you have and tell you exactly what documents you’re going to need. From there, the expert team will guide you through the application process and keep you updated on progress. You can check progress online and we will keep you updated along the way.

What does Switcheroo.ie do with my data?

It’s all explained in our privacy policy, but basically: we won’t spam you and we won’t pass on your data to other companies so that they can spam you. We hate that.

How does Switcheroo.ie make money?

Yep, we don’t charge any commission. If you get a mortgage using Switcheroo.ie, the lender you use pays us a commission. Some intermediaries charge you an additional commission but not us, we are free forever. These commission never affect our advice. Our reputation and livelihood depend on us always giving our customers the best possible advice. The important bit is we’ll never charge you a penny.

THE SWITCHEROO.IE DIGITAL MORTGAGE PLATFORM

With a great customer experience to
support you through your application?

Don’t take our word for it, read what our customers think of us

THE SWITCHEROO.IE DIGITAL MORTGAGE PLATFORM

With a great customer experience to
support you through your application?

Don’t take our word for it, read what our customers think of us

THE SWITCHEROO.IE DIGITAL MORTGAGE PLATFORM

With a great customer experience to support you through your application?

Don’t take our word for it, read what our customers think of us

Call to talk

With a Mortgage Expert

Call to talk

With a Mortgage Expert

Call to talk

With a Mortgage
Expert

Good news for First Time Buyers! Switcheroo Mortgages is now accepting mortgage applications for 4 times income.

Under the new central bank guidelines, first time buyers will be able to borrow up to 4 times their income from January onwards, but Switcheroo Mortgages is accepting applications from now.