Re Mortgage

Re-mortgage

Home – Re-mortgage

We’ll do everything we can to keep your monthly payments
as low as possible.

If you’re about to remortgage or thinking of ending your current deal early our mortgage advisors will make sure you never
pay a penny more than you have to.

We compare more than 10,000 products (from fixed, tracker and discounted rates) and lay out all the options.

Our experienced mortgage advisors work closely with each client to secure the most suitable fixed-rate deals available. They offer clear, honest guidance through changing interest rates and shifting market conditions. If you’re currently on a fixed term, we’ll carefully review your circumstances and pinpoint the right time to re mortgage. This could mean locking in a new rate up to six months before your existing deal ends—or, if it makes financial sense, exploring options that involve an early repayment charge (ERC).

What is remortgaging?

When you change your current mortgage deal for another one. You can switch to a new lender or go with a different loan with your
current lender. There are fees associated with the remortgaging process so to see whether or not it makes sense for your financial
situation get in touch with our professionals today.

What are the reasons to remortgage?

Save money by getting a better rate

Some mortgage products have a fixed rate term and then switch to a Standard Variable Rate of interest (SVR) after a set period of
time. The amount you pay with SVR can be higher so it makes sense to look into possibly switching to a different mortgage provider
who may be able to offer you a lower interest rate. There are usually charges involved in switching mortgage lenders so it’s a good idea
to get professional advice to see if the costs of remortgaging don’t out-weight the benefits of a lower interest rate

Switch to a fixed-rate mortgage

You could switch from a variable rate to a fixed-rate mortgage for more consistent monthly payments. It may be easier for you to
budget when knowing exactly what your monthly outgoings will be. Fixed-rate mortgages tend to be higher payments but you have the
peace of mind knowing that you will be paying off the actual loan rather than just the interest.

Home repairs/ improvements

If you are considering home improvements, remortgaging can give you the capital needed to make the improvements that could
increase the value of your home in the long run.

Capital Raise

Perhaps you need a lump sum of cash to give to a loved one, pay for a wedding, helping fund your child with a deposit for a house of
their own or maybe you just want to fund a new business venture. Whatever the reason, remortgaging will release some equity in your
home to give you the funds provided the lender is confident in your ability to be able to pay back the new monthly repayments as equity
release is likely to increase how much you pay each month and decrease the equity in your property

Buy another property

Remortgaging can give you the funds needed to contribute towards a second house. The second home could be for you to live in or
you could take out a Buy to Let mortgage for a secondary income.

Is remortgaging the right move for me?

There are fees associated with the remortgaging process so to see whether or not it makes sense for your financial situation
get in touch with our professionals today for a free hassle-free chat.

If you’re transferring your mortgage to a new deal with either a different lender or the same lender, here are the steps you need to follow.

Speak with an advisor

Our service stands distinct from online comparison systems since we avoid following standard mortgage packages. Before product recommendations we first evaluate your whole financial standing. Our team provides customized and strategic advice based on employment type, loan amount and mortgage period duration for both first-time homebuyers and those considering re financing.

We search high and low for the best option.

This extensive evaluation utilizes more than 10,000 mortgage products that cover fixed along with tracker and discounted rates to help you find your ideal mortgage match. We help both first-time buyers and those looking to re mortgage by identifying the best prevailing rates each month and fully decode the fine print and introduce the strength and weaknesses of each available option.

Leave the rest to us

Our team completes every necessary document for your process as you make your choices to ensure your application proceeds without difficulties. Our service provides the most distinction during both new mortgage applications and re mortgages. The company operates physical locations alongside direct contact numbers which ensure easy access and immediate response so we can provide complete support throughout your process.

Coming to the end of your fixed term

As your fixed term nears its end, your repayments may rise once you transition to the lender’s variable rate. Instead of automatically accepting their next fixed-rate proposal—which may not be the most cost-effective choice—we’ll explore better re mortgage options tailored to your needs. Having a conversation today can bring financial peace of mind, help you maintain a consistent monthly budget, and potentially lead to significant long-term savings.

Finding yourself in a better LTV band

If you’ve been consistently making overpayments, recently settled a lump sum, or your property’s value has increased, you may now fall into a more favourable loan-to-value (LTV) category. The lower the amount you borrow in relation to your home’s value, the better the deals you could access. We’ll help you assess whether it’s the right time to re mortgage, identify any early exit fees, and estimate your potential monthly savings.

Releasing equity for other priorities

You have the opportunity to access funds for different purposes through re mortgaging your home when you possess home equity. Embracing your home equity allows you to find lower interest payment options than personal loans and other financing alternatives when funding kitchen renovations or home extensions or debt settlement. These figures need examination to reveal all the possible re mortgage options which will be explained in detail for your benefit.