If you are looking to remortgage 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 carried out by Ipsos Mori for Panorama, 31% of people who rent or have a mortgage find that payments take up more than a third of their total household income. This means that there is a lot to be saved and if you can get a better deal on your mortgage then that can benefit you a lot to have more money to spend on things. Sometimes it is better to stay on your current standard variable rate, although there are potential to make healthy savings by remortgaging, it is worth remembering that there are costs involved as well. As you would be taking out a new mortgage, you will be looking at paying the same sort of fees as you did when you first brought your house.

Like other businesses, mortgage lenders are always on the lookout for new customers. To attract them, lenders may offer very attractive rates for a limited period. These are often called introductory rates. In the UK these rates generally last about two to five years. After the introductory period has ended, the mortgage will continue on the lenders’ standard variable rate (SVR). The golden rule of remortgaging is to add up all the costs and look at the savings that are on offer, then see which number is higher.

Get In Contact With us for more financial advice.

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