Remortgage Your Home

PUBLISHED: 7 December 2021
DISCLAIMER: The information in this blog post may be outdated and may not reflect current financial practices or market conditions

Remortgage Your Home

Do you think you need to remortgage? Is your current lender putting your rate up? Our advisors will look at a number of lenders from across the market to compare products to ensure you have the best remortgage product that suits your individual circumstances. We will check to see how much you can remortgage for, and assist with the process from enquiry to completion, by dealing with the solicitors, surveyors and any other 3rd party to ensure the transaction is smooth and hassle-free. According to a survey, 31% of people who rent or have a mortgage find that payments take up more than a third of their total income. Even if your mortgage payments are below the level, if they are a significant part of your budget then getting the best deal possible could be a significant boost to the family finance and ultimately to your personal wealth.

Like many other businesses, mortgage lenders need to be on the lookout for new customers. To attract these customers lenders will offer very attractive rates for a limited period, these are called introductory rates. In the UK these attractive rates can last anywhere between two and five years. Once this period has come to an end, the mortgage will continue on the lender’s standard variable rate. At this point, you can then make the decision to stay on the SVR, remortgage with your current lender or remortgage with a new lender. This might just be the situation you are in now or are going to be in soon. Keep reading the page if you want to know more about this.

Remortgage Your Home

Remortgage Your Home With Our Help

With us, we can help you decide which is the best route for you and if you should be remortgaging at all. Staying on the standard variable rate can sometimes be the best option for a homeowner and it is always worth considering that as an option. This is because when you remortgage you will be paying fees as you did when you first brought your home. Specifically, your home will need to be properly revalued and there will also be legal paperwork that will need to be processed. Remortgaging with your existing lender will allow you to get a better deal without as much hassle as you would have if you changed lender but this might not get you the best deal out there.

Remortgaging with a new lender could just save you a lot of money. Those that have been paying off their mortgage over the last two to five years may have built up equity in their home and may have benefited from price rises as well. With this extra equity built up, borrowers may be eligible for better deals than they were the first time around.

If you are interested in the service we can provide you with please make sure you get in contact with us.