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Thursday 10 September 2020
Thursday 10 September 2020
Thursday 10 September 2020
Thursday 10 September 2020
Remortgaging your home can be a great way to save money, improve your family finances, and even boost your personal wealth. If you’re thinking about remortgaging, our advisors can guide you through the process, comparing a range of lenders across the market to find the best products tailored to your circumstances.
Benefits of Remortgaging
Switching to a better mortgage deal can have a significant financial impact:
Lower Interest Rates:
Many lenders offer attractive introductory rates to new customers, typically lasting two to five years. After this period, the mortgage reverts to the lender's standard variable rate (SVR), which is often higher. By remortgaging, you can move to a more competitive rate.Improved Financial Flexibility:
A better deal could reduce your monthly payments, freeing up money for other expenses or investments.
Costs to Consider When Remortgaging
While remortgaging offers potential savings, it’s important to weigh these against the costs involved:
Valuation and Legal Fees:
Just like when you first bought your home, your property may need to be revalued, and there will be legal paperwork to process.Exit Fees:
Your current lender may charge an exit fee or early repayment charge to close your existing mortgage. These costs should be factored into your decision.Golden Rule:
Always calculate the total costs of remortgaging and compare these against the savings. This will help you determine whether switching mortgages makes financial sense.
In some cases, staying on the SVR may be the better option if the upfront costs of remortgaging outweigh the potential savings.
How We Can Help
Our team of qualified financial advisers is here to make the remortgaging process as smooth and hassle-free as possible. From initial enquiry to completion, we’ll handle the paperwork, liaise with lenders, and guide you every step of the way. With access to a wide range of lenders and products, we’ll ensure you get the best deal for your needs.
Get in Touch
If you’re interested in remortgaging or exploring your options, contact us today. Our advisors are ready to help you take the next step towards securing a better mortgage deal.
Remortgaging your home can be a great way to save money, improve your family finances, and even boost your personal wealth. If you’re thinking about remortgaging, our advisors can guide you through the process, comparing a range of lenders across the market to find the best products tailored to your circumstances.
Benefits of Remortgaging
Switching to a better mortgage deal can have a significant financial impact:
Lower Interest Rates:
Many lenders offer attractive introductory rates to new customers, typically lasting two to five years. After this period, the mortgage reverts to the lender's standard variable rate (SVR), which is often higher. By remortgaging, you can move to a more competitive rate.Improved Financial Flexibility:
A better deal could reduce your monthly payments, freeing up money for other expenses or investments.
Costs to Consider When Remortgaging
While remortgaging offers potential savings, it’s important to weigh these against the costs involved:
Valuation and Legal Fees:
Just like when you first bought your home, your property may need to be revalued, and there will be legal paperwork to process.Exit Fees:
Your current lender may charge an exit fee or early repayment charge to close your existing mortgage. These costs should be factored into your decision.Golden Rule:
Always calculate the total costs of remortgaging and compare these against the savings. This will help you determine whether switching mortgages makes financial sense.
In some cases, staying on the SVR may be the better option if the upfront costs of remortgaging outweigh the potential savings.
How We Can Help
Our team of qualified financial advisers is here to make the remortgaging process as smooth and hassle-free as possible. From initial enquiry to completion, we’ll handle the paperwork, liaise with lenders, and guide you every step of the way. With access to a wide range of lenders and products, we’ll ensure you get the best deal for your needs.
Get in Touch
If you’re interested in remortgaging or exploring your options, contact us today. Our advisors are ready to help you take the next step towards securing a better mortgage deal.
