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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. I’ve used Nicola for life insurance, a remortgage, and a new mortgage after moving house. Each time, she’s been extremely helpful and explained everything in great detail. Highly recommend!Posted onTrustindex verifies that the original source of the review is Google. Fabulous service!Posted onTrustindex verifies that the original source of the review is Google. I’ve used Nicola for years for mortgage advice and wouldn’t go to anyone else! She gets you the best rates, gives brilliant advice and options to best suit your needs and takes the stress of the process completely off your hands. Thank you so much for all of your help Nicola.Posted onTrustindex verifies that the original source of the review is Google. Fantastic service, we highly recommend Jaime, Nicola and the team. Everything was handled efficiently, it was a simple process and we will be telling everyone they need to use NC for their mortgage needs!Posted onTrustindex verifies that the original source of the review is Google. Nicola has just done our re-mortgage and sorting out a BTL mortgage with such ease and would 100% recommend!! Thank Nicola!! xPosted onTrustindex verifies that the original source of the review is Google. This is the third time we’ve used Nicola at NC Property Finance, and once again, she was absolutely fantastic. We’ve worked with her twice for remortgages and this time for arranging a new mortgage, as well as our insurance. Every time, Nicola’s personal approach has been exceptional and made the stressful process of moving house so much easier. Nothing is ever too much trouble, and she responds to all communications quickly and efficiently. I have already recommended Nicola to family and friends and wouldn’t hesitate to do so again. I genuinely can’t see how the service could be any better, which is why I won’t be going anywhere else for our financial needs.Posted onTrustindex verifies that the original source of the review is Google. Nicola helped us throughout the buying process. As we were moving from Scotland to England the processes were slightly different but she ensured we knew what we needed to do. She is very easy to deal with and provides a very customer focused service. I'd definitely recommend Nicola for both our house move but also helping us get insurance in place. Great job Nicola!Posted onTrustindex verifies that the original source of the review is Google. I can't recommend Nicola highly enough! As a small business owner it was starting to feel impossible to get on the property ladder - even with a guarantor. Yet with Nicola's guidance she managed to find a mortgage deal that has allowed me to first time buy for more than I thought I could initially afford (on a very tight time frame with some less than ideal personal circumstances) ! Her team are quick and efficient and she has been really helpful and easy to communicate with. Even when some unexpected hurdles arose she was very reassuring and has saved me lots of stress, keeping me informed and in the loop throughout, whilst full of useful advice. I'm over the moon and can't wait for this new chapter - thank you again Nicola!Posted onTrustindex verifies that the original source of the review is Google. I found myself in the unwelcome position of being evicted from a property due to the landlord selling up. I was looking to buy my first place and NC Property Finance were recommended to me by a family member, who had a great experience with them. To say Nicola helped enormously would be an understatement. From the very beginning Nicola was friendly, knowledgeable, professional, approachable and did an amazing job of both exploring every avenue while also explaining it successfully to me. Despite the property I wanted to buy being a bit strange and challenging to purchase, Nicola found a way. I genuinely couldn't recommend NC Finance highly enough. Clients are in the fantastic position of working with someone who is brilliant at what they do, but also with a firm that isn't so vast that you are just another body in the system. Thankyou NC Property Finance!!Posted onTrustindex verifies that the original source of the review is Google. As a first time buyer Nicola has saved me and girlfriend hours of stress and hundreds if not thousands of pounds. She found us the best mortgage deal on the market and saved us over £500 by recommending a solicitors (who have also been great). She was also happy to set up home and life insurance if we needed it and has given us lots of very important advice around buying our first property as well as checking in with us on a regular basis. Couldn't recommend Nicola enough!
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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