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Wednesday 17 June 2020
Wednesday 17 June 2020
Wednesday 17 June 2020
Wednesday 17 June 2020
Remortgaging your home can serve several purposes, offering flexibility and financial benefits tailored to your needs. Here are some common reasons why people choose to remortgage:
1. Release Funds for Major Expenses
Remortgaging allows homeowners to release equity tied up in their property. This equity can be used for significant purchases such as:
Cars.
Home improvements.
Other large expenses without resorting to high-interest finance deals.
This approach helps you access funds conveniently while potentially saving money compared to alternative financing options.
2. Take Advantage of Introductory Rates
Mortgage lenders are always keen to attract new customers. To do so, they often provide competitive introductory rates, which typically last between 2 to 5 years in the UK. These rates are significantly lower than the lender’s standard variable rate (SVR). Once the introductory period ends, you have three options:
Remain on the SVR.
Remortgage with your current lender.
Switch to a new lender offering better terms.
Remortgaging at this point can help you avoid higher payments and secure a more favourable deal.
3. Save Money Through Better Deals
The potential savings from remortgaging can be significant. By calculating all associated costs and comparing them against the savings offered by a new deal, you can determine whether remortgaging is the right choice. Many homeowners find that switching lenders helps reduce their monthly payments and long-term costs.
How We Can Help
If you’re considering remortgaging, our qualified financial advisors can guide you through the process. From evaluating your current mortgage to exploring better deals, we’ll help you make an informed decision and put your house finances in excellent order.
Get in Touch with Us
Interested in remortgaging or learning more about our services? Contact us today! We also offer expert advice on:
First-Time Buyer Mortgages.
Buy-to-Let Mortgages.
Commercial Mortgages.
Self-Employed Mortgage Solutions.
Let us help you take control of your financial future.
Remortgaging your home can serve several purposes, offering flexibility and financial benefits tailored to your needs. Here are some common reasons why people choose to remortgage:
1. Release Funds for Major Expenses
Remortgaging allows homeowners to release equity tied up in their property. This equity can be used for significant purchases such as:
Cars.
Home improvements.
Other large expenses without resorting to high-interest finance deals.
This approach helps you access funds conveniently while potentially saving money compared to alternative financing options.
2. Take Advantage of Introductory Rates
Mortgage lenders are always keen to attract new customers. To do so, they often provide competitive introductory rates, which typically last between 2 to 5 years in the UK. These rates are significantly lower than the lender’s standard variable rate (SVR). Once the introductory period ends, you have three options:
Remain on the SVR.
Remortgage with your current lender.
Switch to a new lender offering better terms.
Remortgaging at this point can help you avoid higher payments and secure a more favourable deal.
3. Save Money Through Better Deals
The potential savings from remortgaging can be significant. By calculating all associated costs and comparing them against the savings offered by a new deal, you can determine whether remortgaging is the right choice. Many homeowners find that switching lenders helps reduce their monthly payments and long-term costs.
How We Can Help
If you’re considering remortgaging, our qualified financial advisors can guide you through the process. From evaluating your current mortgage to exploring better deals, we’ll help you make an informed decision and put your house finances in excellent order.
Get in Touch with Us
Interested in remortgaging or learning more about our services? Contact us today! We also offer expert advice on:
First-Time Buyer Mortgages.
Buy-to-Let Mortgages.
Commercial Mortgages.
Self-Employed Mortgage Solutions.
Let us help you take control of your financial future.
