top of page
Save money with our remortgaging solution.
"Think carefully before securing other debts against your home. By consolidating your debts into a mortgage, you may be required to pay more over the entire term than you would with your existing debt."
A remortgage could be the solution for you, if you’re approaching the end of your current mortgage term.
There are a number of alternatives.......
1. Product Transfer: Changing your mortgage product (like a fixed-rate to a tracker) with the
same company.
2. Remortgage: Moving your mortgage to a new lender or getting a new deal with your current
one, often involving full checks.
SHOULD I SHOP AROUND FOR THE BEST MORTGAGE DEAL?
Just like shopping for car insurance or an electricity provider; you want to get the best possible deal.
We can help you look through the offers available until we find the one that works the best for your circumstances . Rather than shopping around yourself and having to draw up comparisons between all the different lenders, we will be on hand to point you in the direction of deals that suit you. So we are doing most of the legwork, saving you time and stress.
REASONS TO REMORTAGE YOUR HOME
-
Better Interest Rate.
Your current mortgage is coming to the end of its fixed term and you want to shop around for a better rate, this is always a good idea and we would always do a free remortgage check-up for you six months before your rate is due to expire.
-
Home improvements.
Remortgage for home improvement via a home improvement remortgage is often cheaper than a home improvement loan. You could use the funds to carry out home improvements such as getting a new bathroom or kitchen, a loft conversion, building an extension, or whatever else you would like to do to improve your home.
Lenders are usually happy to agree to a home improvement mortgage, allowing you to raise capital from the equity in your home. This is as long as the new monthly repayments fit within your budget. We always run affordability calculators for every remortgage, so you won’t be caught out.
-
Debt consolidation.
Remortgage to consolidate debt, this is when you raise additional money on your existing property to pay off your secured or unsecured debt. A lot of debt is often viewed by mortgage lenders as poor credit and can make it harder to remortgage, especially if you have missed payment on your credit card debt, loans etc and now have adverse credit or a bad credit score. You may even have mortgage arrears because you didn't make the monthly payment on time. Remortgage for debt consolidation is proving very helpful to people that are struggling with the cost of living and need to keep their monthly outgoings as low as possible.
-
Raise Money.
You can remortgage to raise money for a special event such as a wedding, extravagant holiday, or a deposit for your child’s first home. To switch the type of product you are on. You may be on a variable rate and worry that if the interest rate increases, your monthly mortgage payments will increase too much. To give you peace of mind, you could remortgage from this uncertain variable rate to a fixed rate for a fixed term, i.e. 2 years or 5 years. This will give you security that you can afford your monthly mortgage payments for that fixed period of time.
-
Buy another property.
To buy another property. Depending on how much your current property is worth, you could potentially remortgage to raise the money to buy a second property outright, or, if there isn’t enough equity in your property, you could remortgage to raise money for a deposit on your new property.
Here are the 4 simple steps for comparing your remortgage requirements....
1. Getting to know you.....
At a time that suits you, we’ll arrange an appointment – either face-to-face, by video call, or over the phone, whichever you’re most comfortable with – so we can get to understand your circumstances and needs in more detail.
2. We search for the best deal, from a panel of lenders.
Now we know a bit more about you and what you want, we’ll search our panel of lenders for the right mortgage. We are not tied to one particular lender, we have access to over 180 lenders, ranging from, banks, building societies and specialist lenders.
3. We'll make our recommendation.....
Having found the right mortgage for you, we'll talk you through it, to explain all the features and benefits and how it meets your needs.
4. With you every step of the way!
Our dedicated team will be with you all the way through the process- from application to completion.
bottom of page