Looking for a better deal?
When your mortgage deal comes to an end, you may want to shop around for a new product. This is known as a remortgage.
Doing nothing and staying with your current lender after your product expires, after say two or three years, will mean that you revert to the lenders Standard Variable Rate (SVR).
The most popular reasons for remortgaging are;
• Obtain a better mortgage rate
• Fix your mortgage payments
• Home Improvements |
• Debt Consolidation
• Divorce or ex-partner settlement
• Deposit for children |
If you have not built up much equity in your property, you may not be able to remortgage, as many lenders now insist on a minimum of 10-15% and more likely 25% in order to obtain a more attractive deal.
Remortgage advice is critical to saving money on your mortgage. We can help advice you of the best solution for your individuals circumstances.
Visit our Information Centre for further details of the mortgage process, product types, repayment types etc.
