Remortgage

Changing Interest Rates:

• When interest rates have decreased, we can help you find a new mortgage with a lower rate, potentially reducing your monthly payments.

Existing Deal Expiration:

• If your current mortgage deal is coming to an end, we'll assist you in exploring new offers to avoid reverting to a standard variable rate.

Building Equity:

• As your property's value increases, we can help you leverage the equity you've built for better mortgage terms.

Financial Goals and Needs:

• Whenever your financial goals or needs change, we provide advice on how to align your mortgage with your current situation.

Changing Family Circumstances:

• If your family situation changes, we can help you find a mortgage that suits your new circumstances, such as accommodating a growing family or downsizing.

Consolidating Debt:

• We can assist in refinancing your mortgage to consolidate high-interest debt into a more manageable and cost-effective structure.

Lender and Product Evaluation:

• We provide insights into different lenders and products to ensure you find the best fit for your needs.

Savings and Benefits Assessment:

• We evaluate the potential savings and benefits of remortgaging, including reduced monthly payments or increased financial flexibility.

Our role as a mortgage advisor is to provide you with tailored guidance, making the process of remortgaging seamless and beneficial for your unique circumstances.

Higher Monthly Payments: 

• Your mortgage may revert to a higher standard variable rate (SVR), causing an increase in your monthly payments.

Loss of Fixed Rate Benefits: 

• If you had a fixed-rate deal, you lose the stability it offered, and your rate can become subject to market fluctuations.

Missed Savings Opportunities:

• You might miss out on potential savings and better mortgage terms available with new deals.

Financial Strain: 

• Higher payments can strain your budget, making it essential to assess the consequences carefully.

Review and Remediation: 

• Seek guidance from a mortgage advisor to explore your options and avoid unfavorable financial outcomes.

Even if your current deal isn't expiring for a few months or up to half a year, contacting us early allows us to proactively monitor the market and secure a favorable remortgage deal near your current deal's expiry. This ensures you won't need to worry about the potential consequences listed.

Standard Fees: 

• When you remortgage, you should budget for similar fees to those incurred during your original mortgage application, including arrangement fees, booking fees, and legal fees. Additionally, there may be valuation fees.

No Deposit Required: 

• Generally, a deposit is not required for remortgaging. However, offering a deposit can enhance your chances of approval.

Fee-Free Options: 

• Many lenders now offer fee-free remortgage products. These options can cover costs such as property valuation and legal conveyancing, making the process more cost-effective for you.