Are you looking to remortgage your home? Our advisors will be able to look at a number of lenders from all across the market to compare products and ensure you have the best remortgage product that suits your individual circumstances. We will be able to check how much you can remortgage for and assist with the process. According to a study 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. Even if your mortgage payments are below this level, if they are a significant part of your budget then getting the best deal could be a significant boost to the family finance and ultimately to your personal wealth.
When looking to remortgage although there are potential savings to be made it is worth remembering that there are costs involved. This is because you are effectively taking out a new mortgage so there will most likely be some sort of fees you will have to pay. Your home will need to be revalued and there will be legal paperwork to be processed. You may even have to pay an early exit fee. Staying on your SVR (standard variable rate) could make more sense if the costs of setting up a new mortgage outweigh the savings. The golden rule to think about when you are looking to remortgage is to add up all the costs and then look at the savings. See which number is higher and there is your answer. If you would like professional financial advice from a qualified financial adviser, we are able to help you out.
Get in contact with us if you are interested in our services.
