Your home may be repossessed if you do not keep up repayments on your mortgage
Remortgage advice
Often, people think that the only option when their fixed rate ends is to refix with their current lender. This isn’t always the best option. We offer a free remortgage and product transfer service that allows us to review a comprehensive panel of lenders in line with your evolving needs.
Perhaps you want to restructure your mortgage term or borrow more for home improvements. As your lifestyle, needs, and affordability change over time, so too can your mortgage.
Don’t feel pressured to remortgage. Instead, when you’d like to rethink the deal you’re currently on to take advantage of things such as a change in income or fall in interest rate, get in touch with me and we’ll help walk you through the remortgaging process.
What is remortgaging
Remortgaging is the process of switching your mortgage deal to another package when your mortgage terms are coming to an end. Switching can often incur a fee.
When should I remortgage?
Remortgaging is different for everyone, but usually, people remortgage to take advantage of low-interest rates, move to a more attractive rate than the one they’re currently on, renegotiate after the end of a fixed-rate term or to allow for overpayments or borrowing more money.
The Benefits Of Remortgaging
Remortgaging offers a variety of benefits that can postively impact yours, and your family’s lives.
Access lower interest rates: if your mortgage was taken out when interest rates were higher, you may be able to remortgage to a lower rate and benefit as a result.
Use equity for cash: remortgaging can help free up equity to be used as cash.
Switch to a more suitable rate: your lifestyle and career may have changed in a way that remortgaging to a different rate is more beneficial. This can happen at both ‘ends’ of the spectrum: whether you’re looking to reduce your overall payment period or extend it to reduce payments.
The Cons of Remortgaging
Remortgaging isn’t always a great idea and often comes with a variety of pitfalls and challenges to be aware of.
Increased overall costs: a mortgage is a debt, and as such choosing a remortgaging arrangement that extends the length of your repayment period can lead to increased overall costs.
Fees: remortgaging often involves fees, which makes a mortgage advisor even more important as they can help you understand these and navigate the best deals.
Time: remortgaging can often be an extended, multi-week process that must be seen through to the end.
All of these issues are more easily dealt with when you seek the assistance of a professional mortgage advisor. We can help you avoid the negative aspects of remortgaging and find a deal that suits your lifestyle.
What Our Clients Say
EXCELLENTTrustindex verifies that the original source of the review is Google. Excellent service as always. great teamPosted onTrustindex verifies that the original source of the review is Google. Absolutely amazing service. From start to finish, Jaime was so supportive throughout the process and we will 100% use again! Thank you so much for everything.Posted onTrustindex verifies that the original source of the review is Google. Great service, thank youPosted onTrustindex verifies that the original source of the review is Google. Very efficient, friendly and professional. Always come back to you and you can ask as many questions and make as many changes with no problem whatsoever. Everyone on the team is so nice!!Posted onTrustindex verifies that the original source of the review is Google. Amazing service, staff were really supportive and attending during a naturally anxious time of purchasing a property. Would recommend to anyone. Huge thank you for everything!Posted onTrustindex verifies that the original source of the review is Google. Would recommend Nicola 100%. She is absolutely brilliant at everything finance. We used her for our mortgage and she was professional, attentive and extremely knowledgeable and honest throughout the process. She has a background in property so is brilliant for advice on the property side aswell. We definitely won’t go anywhere else and I would recommend her and her team to anyone looking for financial advice or guidance.Posted onTrustindex verifies that the original source of the review is Google. Great and fast communication. Nicola explains everything clearly and is patient. Made being a first time buyer a lot easier and smoother! Thank youPosted onTrustindex verifies that the original source of the review is Google. Nicola was fantastic from start to finish. I have used her multiple times, and each time she has provided excellent, well-curated advice tailored to my circumstances as a self-employed person. She was always quick to respond to any queries, professional, friendly, and incredibly helpful throughout the process. Her clear communication and support made everything much less stressful, and I would highly recommend her.Posted onTrustindex verifies that the original source of the review is Google. Nichola is a very knowledgable advisor and we appreciated how quickly she responded to any and all enquiries. She made sure that we understood the process, and that we were able to get a mortgage offer that was right for us. Thank you
Book a Mortgage Call
Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice