Remortgages



Why remortgage?

August 16, 2019
Information published was correct at the time of writing

The Financial Conduct Authority estimate that around one third of Homeowners pay their mortgage lender’s Standard Variable Rate.

That means that around two million households are wasting money every single month, when they could re-mortgage to another lender, or potentially get a better rate with their current lender.

If your property has benefited from an increase in value your Loan to Value percentage (your mortgage amount as a percentage of your property value) could be lower than you think. Therefore, if you are currently on your lenders Standard Variable Rate, you could potentially make significant savings by changing product or lender.

So, how do you arrange a re-mortgage? We recommend arranging a meeting with an Independent Mortgage Adviser and they will be able to tell you how much you could save by re-mortgaging. If your circumstances have changed, such that you may not be able to re-mortgage, an adviser will be able to calculate whether it is viable to arrange a Rate Switch with your current mortgage provider

If you were looking to raise some additional funds for home improvements, the adviser will also be able to talk you through that process.

Re-mortgage packages sometimes incur a product arrangement fee, however typically feature no valuation fees and no legal fees.

There really is no reason to delay, make an appointment to meet with one of our advisers today.

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