Remortgage Advice
A Remortgage is where you relocate your mortgage to a new lender. This can be done when your current interest rate is up for renewal or when you are mid term with your current lender (if this is the right advice for you at the time).Remortgaging can be used for releasing funds to complete home improvements, debt consolidation, buying another property, simply gaining a better interest rate, supporting one off costs and much more. The list could be endless and once we know your reason for wanting to borrow further funds, our expertise will allow us to source a lender suitable for your needs.A Remortgage application can be completed six months prior to your current rate ending so you have the confidence that once your current rate ends your new one will take place with no higher rates being used in between.Think carefully before securing any other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage.
What is a remortgage?
What is a remortgage? A remortgage is when you switch your current mortgage deal to a different provider which may give you a more competitive rate and ultimately save you money on interest payments.There are many things to consider when thinking about a remortgage – including whether there will be an early repayment charge. These fees could be quite considerable, and may not make it worthwhile switching your deal if you’re looking to move before the term comes to an end.
Why remortgage?
People remortgage their properties for many different reasons. Perhaps you need to carry out some home renovations and install new bathrooms and kitchens? Or maybe your home is in need of some new windows? Remortgaging can help free up the additional cash which will enable you to carry out this work.If you’re thinking about going through the remortgage process, speaking to experts can help guide you on your remortgage journey.
Speak to the experts
Before you start on the remortgage process, it’s important to understand the terms of your current mortgage, your loan to value ratio and also know if you would like to include any additional borrowing.Working with experts such as our team here at Essex Mortgages can help to ensure you find the right deal for you. We have years of experience in finding the right options for our clients and can help support you every step of the way through the remortgage process.
Support from Essex Mortgages
As one of the leading specialist mortgage brokers in Essex and the surrounding areas, we have helped hundreds of clients secure the right remortgage deal for them. Providing outstanding customer service is our number one priority, and as a result we’ll always work hard to try and match our clients to the right mortgage deal, no matter their needs and requirements.
As a mortgage is secured on your home, please note, your home may be repossessed if you do not keep up repayments on your mortgage.
How much could you borrow?
Please call us today and we can discuss your needs, every client is different and we can personalise your mortgage requirements