O’Donnellan & Joyce Financial Services is experiencing an increase in enquiries from customers who wish to either refinance existing lending or organise an equity release on their current property.
Refinancing is whereby an individual reorganises his or her existing mortgage and personal loans, generally to ease cashflow. Equity release is whereby an individual releases the profit generated on property to provide cash.
“People who have purchased a property more than five years ago will probably have the benefit of seeing their asset rise substantially in value within that period,” said Eoin O’Donnellan, managing director of O’Donnellan and Joyce Finance Services. “They may now be in a position to release some of that profit gained and use that money to contribute towards the purchase of another property, pay off some personal loans in order to ease cashflow, or perhaps finance an up and coming event.
“We have noticed an increase in this sector of the mortgage business over the last few months”
To discuss this topic in more detail and avail of the free advisory service that O’Donnellan and Joyce offers, contact Eoin on (086 ) 2418323 or phone (091 ) 568584 to make an appointment.
O’ Donnellan & Joyce Financial Services is regulated by the Irish Financial Regulator.
