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Tuesday 2 June 2020
Tuesday 2 June 2020
Tuesday 2 June 2020
Tuesday 2 June 2020
Remortgaging involves moving your mortgage to a new lender by paying off the existing mortgage with the funds from a new one. Unlike switching utility providers or current accounts, remortgaging requires a more structured process. It can help you save on monthly costs, secure a fixed rate for future financial stability, or release funds for major expenses like buying a car or funding a house extension.
How We Can Help
Our team works with multiple lenders across the market to find the best remortgage product for your circumstances. From checking how much you can remortgage to guiding you through the entire process—from enquiry to completion—we ensure the journey is smooth and stress-free.
Why Should You Remortgage?
Save Money: The primary reason for remortgaging is to reduce your monthly payments by securing a lower interest rate.
End of Your Current Deal: If your existing mortgage deal is expiring, now is the time to explore better rates.
Access More Funds: Increase your loan amount to cover significant expenses, such as home refurbishments or other large purchases.
Preparing for Remortgaging
Before remortgaging, it’s essential to be prepared for a detailed interview with the lender. They may ask about your financial habits and spending patterns. To ensure a smooth process:
Gather necessary documents, such as proof of income and expenditure.
Review your current mortgage terms and calculate potential savings.
Consult a professional for tailored advice.
Common Questions About Remortgaging
How Do I Get the Best Mortgage?
Securing a mortgage isn’t always straightforward, even if you currently have one. To improve your chances:
Maintain a strong credit score.
Keep your finances organised.
Work with a professional adviser to navigate the market.
What Are the Different Types of Mortgages?
There are several types to consider, including:
Fixed Rate: Stable monthly payments.
Variable Rate: Payments may fluctuate.
Repayment: Regular payments that reduce the principal and interest.
Interest-Only: Pay interest monthly, with the principal paid off at the end of the term.
Seeking professional advice is key to identifying the best option for your needs.
Can I Remortgage If I’m Self-Employed?
Yes, you can. However, self-employed individuals may need to provide additional paperwork, such as:
Company accounts.
Proof of income.
Our experts can help streamline this process to make it easier for you.
Get Started Today
Interested in saving money, unlocking funds, or finding the best mortgage deal? Contact us today, and let us help you take the next step in your remortgaging journey.
Remortgaging involves moving your mortgage to a new lender by paying off the existing mortgage with the funds from a new one. Unlike switching utility providers or current accounts, remortgaging requires a more structured process. It can help you save on monthly costs, secure a fixed rate for future financial stability, or release funds for major expenses like buying a car or funding a house extension.
How We Can Help
Our team works with multiple lenders across the market to find the best remortgage product for your circumstances. From checking how much you can remortgage to guiding you through the entire process—from enquiry to completion—we ensure the journey is smooth and stress-free.
Why Should You Remortgage?
Save Money: The primary reason for remortgaging is to reduce your monthly payments by securing a lower interest rate.
End of Your Current Deal: If your existing mortgage deal is expiring, now is the time to explore better rates.
Access More Funds: Increase your loan amount to cover significant expenses, such as home refurbishments or other large purchases.
Preparing for Remortgaging
Before remortgaging, it’s essential to be prepared for a detailed interview with the lender. They may ask about your financial habits and spending patterns. To ensure a smooth process:
Gather necessary documents, such as proof of income and expenditure.
Review your current mortgage terms and calculate potential savings.
Consult a professional for tailored advice.
Common Questions About Remortgaging
How Do I Get the Best Mortgage?
Securing a mortgage isn’t always straightforward, even if you currently have one. To improve your chances:
Maintain a strong credit score.
Keep your finances organised.
Work with a professional adviser to navigate the market.
What Are the Different Types of Mortgages?
There are several types to consider, including:
Fixed Rate: Stable monthly payments.
Variable Rate: Payments may fluctuate.
Repayment: Regular payments that reduce the principal and interest.
Interest-Only: Pay interest monthly, with the principal paid off at the end of the term.
Seeking professional advice is key to identifying the best option for your needs.
Can I Remortgage If I’m Self-Employed?
Yes, you can. However, self-employed individuals may need to provide additional paperwork, such as:
Company accounts.
Proof of income.
Our experts can help streamline this process to make it easier for you.
Get Started Today
Interested in saving money, unlocking funds, or finding the best mortgage deal? Contact us today, and let us help you take the next step in your remortgaging journey.
