Need to remortgage?
Need to remortgage? When you remortgage, you have the opportunity to release equity and improve your overall property finances. It’s a great way to get a better mortgage rate and ensure you’re set up correctly for the next few years. If your current mortgage is expiring or you need to raise additional funds for home improvements or debt consolidation, remortgaging now could be the solution you’re looking for.
Check out our brief Remortgage intro video👇🏾
These are just some of the exclusive rates your mortgage broker will be able to access, of course, it is dependent on your circumstance which rates will be available to you, and your mortgage broker can help you understand your options.
In the UK on average, thousands of people remortgage every month. This is split almost 50/50 on those simply remortgaging to get better terms on their current mortgage deal that has expired and those looking to raise extra funds for things like home improvements and debt consolidation.
Once your mortgage rate ends you need to get a new mortgage otherwise you will revert to your lender’s standard variable rate (SVR) and that is usually many times higher than the rate you were paying, which means your payments could rise dramatically.
So you now need to remortgage your property finances and potentially you will be able to secure better terms if your loan to value has decreased or keep your payments similar to the level they were on the previous rate if that is available to you.
A mortgage broker can help you by researching all the lenders (there are over 70+) and find the most suitable terms for you depending on your circumstance and requirements.
How much can you borrow-check it out here (➡️ How much can I borrow)
When you remortgage it is a chance to refresh your mortgage and overall property finances and make sure you’re set up correctly for the next several years.
Read on if you’re looking to raise additional funds for things like home improvements and/or debt consolidation ➡️ additional borrowing
REMORTGAGING IS LIKELY TO FALL INTO 2 SCENARIOS:
Firstly you may just want a new rate and no other changes, other than a reduction of costs.
Or this is now the time where you wish to make some changes to your mortgage. This could be for a variety of reasons and some are listed below:
- 🛀🏻 Borrow extra funds to complete home improvements
- 💳 Debt consolidation
- ⚖️ Adding or taking away someone from the current mortgage
- 🏘 Raising funds to buy another property
- 🪜 Looking to raise funds to gift to a dependant to help them get on the ladder
Unlock unmatched benefits with our broker services for remortgaging.
If you’re considering remortgaging, working with a broker can be a game-changer. Not only does it provide a clear and straightforward path to savings, but it also offers a range of benefits that can help you make the most of your money. With a broker, you’ll have access to expert advice and guidance every step of the way, ensuring that you get the most suitable deal possible. Here’s how using a broker can make your remortgage experience smoother and potentially save you money:
1. Save Time and Effort: Researching countless lenders and poring over mortgage options is extremely time-consuming. A broker does the legwork for you, assessing your needs and scouring the market to find deals that fit your criteria.
2. Access a Wider Range of Deals: Brokers typically have access to a wider range of products than what individual lenders offer directly. This means you’re not limited and have a higher chance of finding a more competitive interest rate or a mortgage with features that suit you better.
3. Expert Guidance: A qualified broker brings a wealth of knowledge to the table. They can explain complex mortgage terms, answer your questions, and guide you through the entire remortgage process, ensuring you understand all the details before committing.
4. Increased Chances of Approval: Brokers understand different lenders’ criteria and can tailor your application to fit their requirements. This can significantly improve your chances of getting approved for the most suitable remortgage deal.
5. Streamlined Paperwork: Remortgaging involves a lot of paperwork. A broker can handle much of this for you, saving you time and ensuring all the necessary documents are submitted correctly.
6. Help with Insurance: Many brokers can also advise on remortgage-related insurance, such as buildings and contents insurance, helping you find the right coverage at a competitive price.
While there may be a fee associated with using a broker, the potential savings on your remortgage and the convenience of their expertise often outweigh the cost. Consider it an investment in securing the most suitable deal for your financial future.
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Why choose us
✅Trust our experienced advisors to assist you, whatever your circumstances.
✅ Real relationships with the lenders so we can get your application pre-approved if your situation isn’t straightforward
✅ We’re quick! On our first call we will quickly establish your options and let you know the next steps so we can arrange everything promptly for you
