Remortgages
Whether you’re coming to the end of your existing mortgage deal and are looking for the best rate for you, considering remortgaging to raise additional capital from the value of your home, or planning to remortgage for home improvements and projects, we can help as a whole-of-market mortgage broker.
With remortgaging, you could end up saving a small fortune on your monthly mortgage repayments, or by shortening your current mortgage term, freeing up some money to spend how you wish.
When to remortgage?
When you are coming to the end of your current deal you should consider remortgaging, or any time you think you will get a more competitive mortgage rate. It is very important you understand if you have any early repayment charges for exiting you current deal, however this is something we can look into for you and advise you accordingly.
If you existing deal does expire and you take no action, you will revert to your lenders SVR (standard variable rate) which are generally much higher than taking a new product. You can secure a new rate (either with your current lender or a new lender) up to six months before your current deal ends, which can provide much needed peace of mind.
If the value of your property has increased since you took out your mortgage, because you have made improvements for example, you could move to a lower loan-to-value level to reduce your interest rates.
For some people remortgaging allows them to consolidate loans, credit cards and other secured or unsecured debts, but this should only be done following very careful consideration.