Our job is to find you the best deal...
Changing mortgage company can be a daunting process, especially with so many different products and providers. Let us take the hassle out of the process and make sure that you get the best deal.
In addition to finding you the best deal on your remortgage we can help you to raise money for home improvements, extend your mortgage term or put a plan in place to help you pay off your mortgage early.
What is a remortgage?
Remortgaging is the process of borrowing money on a new mortgage to pay off an existing mortgage with a different lender. Where the new lender is charging a lower interest rate than the existing mortgage provider, you will save money. Although in practice it is important to look at all the costs involved, as any savings might be eroded by the fees involved with changing lender.
The term remortgage is also used to describe the process of raising additional funds against a property. This capital raising may be with the exiting lender or a new lender.
When should I remortgage?
Nearly all mortgages have a headline offer that usually lasts for the first two to five years. Generally you should look to remortgage three months before the end of your current introductory mortgage rate. For example, if you have a five-year fixed rate mortgage, you should start shopping around for a new deal three months before the fixed rate ends.
In certain situations it can be advantageous to change mortgage deal within a introductory period, although early repayment fees will normally apply.
How long does it take?
Generally speaking a remortgage can be completed in four to six weeks, although timescales vary widely depending on the lender, and the borrowers individual circumstances. Applications can often be expedited by providing all the relevant information and documentation requested promptly .
You can expect to wait longer for applications that involve third parties, this is especially true when dealing with equity loan providers, housing associations and leaseholders.
You can trust our expert team to push things through in the shortest possible time-frame.
How much does it cost?
Depending on the situation different fees will apply, in general you may have to pay the following:
Costs will vary depending on the mortgage product selected, for example some products include a free valuation, some lenders will even cover the legal expenses. Our job is to find the product that works out the most competitive overall, for example a deal with a low interest rate high fees, could be more expensive overall than a product with a higher interest rate but lower fees, and visa-versa.
Answer a few simple questions
The first step is to find out a little more about your situation before scheduling a consultation with the most suitable specialist. Appointments are usually available within a few hours or can be scheduled in the future.
Speak with one of our expert advisors
It’s good to talk, and our friendly mortgage team are here to answer your questions. We do not charge for advice so what are you waiting for, book your appointment today.
Let us find you the best deal
Once we understand your goals the final step is for your advisor to research the market and find you the most suitable product.