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Thursday 5 August 2021
Thursday 5 August 2021
Thursday 5 August 2021
Thursday 5 August 2021
Looking to remortgage in Bournemouth? At Barrett Mortgages, we provide expert advice and guidance to help you secure the best remortgage deal tailored to your individual needs.
Our experienced advisors work with a wide range of lenders across the market to compare products, ensuring you receive the most suitable remortgage solution. From determining how much you can remortgage for to managing the entire process—including liaising with solicitors, surveyors, and other third parties—we aim to make the experience as smooth and stress-free as possible.
Why Remortgage?
According to a recent survey, 31% of people who rent or have a mortgage spend more than a third of their total household income on payments. For many, remortgaging offers an opportunity to:
Secure a better interest rate.
Lower monthly payments.
Release equity from their home.
Introductory Rates and the SVR
Many lenders attract new customers by offering attractive introductory rates, which typically last between two to five years. Once this period ends, mortgages usually switch to the lender’s Standard Variable Rate (SVR), which can be higher. At this point, borrowers have three main options:
Stay on the SVR: Beneficial if remortgaging costs outweigh potential savings.
Remortgage with your existing lender: Simplifies the process and may offer competitive rates.
Remortgage with a new lender: Often provides the best savings but may involve additional costs, such as legal fees and exit charges.
The Golden Rule of Remortgaging
When considering remortgaging, it’s essential to:
Add up all associated costs (e.g., exit fees, legal fees, valuation fees).
Compare these costs with the potential savings from the new mortgage deal.
Choose the option that provides the greatest financial benefit.
Why Choose Barrett Mortgages?
Founded in 2009 by Darren Barrett, Barrett Mortgages has become a trusted name in the finance industry. We pride ourselves on offering:
Transparent Advice: Clear, honest, and upfront guidance tailored to your needs.
Experienced Advisors: Our fully qualified team is committed to delivering the best customer experience.
No Pushy Sales Tactics: We focus on providing genuine support without unnecessary pressure.
Strong Reputation: Our success is built on referrals from satisfied clients who trust us with their mortgage needs.
Comprehensive Mortgage Services
In addition to remortgaging, we assist:
First-Time Buyers: Helping you secure your first home with ease.
Self-Employed Individuals: Finding the right mortgage for your unique financial situation.
Buy-to-Let Investors: Sourcing the best products to grow your property portfolio.
Get in Touch
Interested in remortgaging in Bournemouth? Contact Barrett Mortgages today for expert advice and a personalised service.
Visit our Google Reviews Page to see what our clients have to say about us. Let us help you find the best solution for your mortgage needs!
Looking to remortgage in Bournemouth? At Barrett Mortgages, we provide expert advice and guidance to help you secure the best remortgage deal tailored to your individual needs.
Our experienced advisors work with a wide range of lenders across the market to compare products, ensuring you receive the most suitable remortgage solution. From determining how much you can remortgage for to managing the entire process—including liaising with solicitors, surveyors, and other third parties—we aim to make the experience as smooth and stress-free as possible.
Why Remortgage?
According to a recent survey, 31% of people who rent or have a mortgage spend more than a third of their total household income on payments. For many, remortgaging offers an opportunity to:
Secure a better interest rate.
Lower monthly payments.
Release equity from their home.
Introductory Rates and the SVR
Many lenders attract new customers by offering attractive introductory rates, which typically last between two to five years. Once this period ends, mortgages usually switch to the lender’s Standard Variable Rate (SVR), which can be higher. At this point, borrowers have three main options:
Stay on the SVR: Beneficial if remortgaging costs outweigh potential savings.
Remortgage with your existing lender: Simplifies the process and may offer competitive rates.
Remortgage with a new lender: Often provides the best savings but may involve additional costs, such as legal fees and exit charges.
The Golden Rule of Remortgaging
When considering remortgaging, it’s essential to:
Add up all associated costs (e.g., exit fees, legal fees, valuation fees).
Compare these costs with the potential savings from the new mortgage deal.
Choose the option that provides the greatest financial benefit.
Why Choose Barrett Mortgages?
Founded in 2009 by Darren Barrett, Barrett Mortgages has become a trusted name in the finance industry. We pride ourselves on offering:
Transparent Advice: Clear, honest, and upfront guidance tailored to your needs.
Experienced Advisors: Our fully qualified team is committed to delivering the best customer experience.
No Pushy Sales Tactics: We focus on providing genuine support without unnecessary pressure.
Strong Reputation: Our success is built on referrals from satisfied clients who trust us with their mortgage needs.
Comprehensive Mortgage Services
In addition to remortgaging, we assist:
First-Time Buyers: Helping you secure your first home with ease.
Self-Employed Individuals: Finding the right mortgage for your unique financial situation.
Buy-to-Let Investors: Sourcing the best products to grow your property portfolio.
Get in Touch
Interested in remortgaging in Bournemouth? Contact Barrett Mortgages today for expert advice and a personalised service.
Visit our Google Reviews Page to see what our clients have to say about us. Let us help you find the best solution for your mortgage needs!
