Mortgages for when we want a more comprehensive deal
Is your current mortgage costing you too much? Have you always dreamt of that stunning new kitchen with a boiling hot water tap? Whether your initial mortgage term is coming to an end, your interest rate is reverting to the bank’s standard variable rate, or you haven’t got immediate cash for that stunning kitchen piece, the answer is probably yes. A re-mortgage is an ideal opportunity to review your financial arrangements. Since you last arranged a mortgage, the market has probably changed – along with interest rates and your personal circumstances too. We may be able to bring down your mortgage payments, save you money and possibly make your dreams a reality. An added bonus is that it’s really easy to do, too.
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FAQ
1. What is a re-mortgage?
A re-mortgage is when you switch your existing mortgage to a new lender or product. This can be done for various reasons, such as seeking a better interest rate or releasing equity.
2. When should I consider re-mortgaging my property?
Reasons to re-mortgage include seeking a lower interest rate, consolidating debts, or releasing equity for home improvements. It’s advisable to review your mortgage regularly with a mortgage advisor.
3. What are the costs associated with re-mortgaging?
Re-mortgaging typically involves fees like arrangement fees, valuation fees, and legal fees. A mortgage advisor can help you understand the total cost and potential savings.
4. Can I re-mortgage if I have bad credit?
It’s possible to re-mortgage with bad credit, but it may be more challenging. A mortgage advisor can assess your situation and help you find lenders who may consider your application.
I used Simone and team on my recent house purchase and they were excellent. She sourced and gave me options and impartial advice around mortgage deals and once I had chosen, Simone did all the paperwork and chasing with the lender, estate agents and solicitors on all aspects relating to the mortgage – but also beyond that line, providing reliable and trusted advice throughout a process that is inefficient and frustrating. I highly recommend.
MR P