Helping you find the most suitable re-mortgage deal
Even in current times of historically low interest rates, mortgage providers need to compete for new customers and it is still possible to get some really good deals with rates from 0.99%! (Correct at 11th July 2016). So, if you’re unhappy with your current mortgage rate or are coming to the end of a fixed or discounted scheme then it might be time to consider a re-mortgage. In fact there are a number of reasons why people look to change their mortgage product without moving property:
- Reducing their monthly mortgage repayments
- Releasing equity from their property for home improvements, large purchases or to consolidate debts
- Obtaining more flexibility on their mortgage product eg. to enable over payments
Whilst the prospect can seem daunting given the wide range of mortgage deals available, the process is generally simpler, quicker and cheaper than when purchasing a property.
“Marcus put me at ease straight away and we could not have imagine what a good solution you would come up with”
It is important however when looking for a re-mortgage product to take into consideration all of the implications of the new deal. Whilst the headline interest rate might be lower and the monthly repayments cheaper than your current mortgage you need to review the entire product in detail. This includes taking into account any upfront fees, tie in periods and changes to the flexibility of the loan contract.
Where the amounts being borrowed are increasing or your mortgage term extending you will also need to review your protection arrangements to ensure that you are fully covered.
Our team will research the entire market and find a suitable re-mortgage product that not only meets your immediate needs (such as lower monthly repayments) but also looks at the longer term implications so that you can make an informed decision.
More Help and Information
If you want to save money on your mortgage payments, or, raise additional funds through a re-mortgage, give our experienced and friendly team a call on 01179 070 818.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.