Remortgaging

Get more from your mortgage with smart remortgaging

Often people think that the only option they have when they come to the end of their fixed rate is to re-fix with their current lender. This isn’t always the best option, I offer a free remortgage and product transfer service, which will allow 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 I’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. I can help you avoid the negative aspects of remortgaging and find a deal that suits your lifestyle.

What My Clients Say

Nicola has been an invaluable source of support in navigating a slightly more complicated mortgage requirement. I have found her to go above and beyond in terms of finding a mortgage to suit my requirements, at the best value possible. She is a pleasure to work with and I would have absolutely no hesitation in recommending her services
Ms Carel

Since deciding to develop a small property portfolio and seeking advice from Nicola my confidence in her ability and professionalism has grown to the extent that I know the best financial solution will emerge without my input. Now I leave everything to Nicola in the knowledge that a bespoke and cost-effective introduction will obtain a positive return on my investment.
Mr Jeffreys

I knew I'd need a mortgage advisor as I find paperwork to be the bane of my life. I was told Nicola was great but she completely exceeded my expectations. She did everything and just asked me the questions. No way would I have managed to do it without having a breakdown, she made it look so easy and so simple. There is no way I would ever buy a house without her by my side.
Ms Thomas

I thought I needed help finding a new mortgage but Nicola gave so much more. From the beginning Nicola made me feel it was possible and explained all the options and how I could best achieve what I wanted with my mortgage. She really had to go the extra mile for me finding a suitable one and I really appreciated it. At every step, I felt informed, supported, secure and encouraged. I can’t recommend her more highly.
Ms Murray

Get in Touch

Ready to get started? Choose NC Property Finance for a no-complications, friendly service right here in the North East.

AN EQUITY RELEASE PRODUCT WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION.

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
(CONC 3.6.5)

https://www.handbook.fca.org.uk/handbook/CONC/3/6.html
Lifetime Mortgage Risk Warnings

A LIFETIME MORTGAGE WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFIT

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

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
(CONC 3.6.5)