Remortgages

If you already have a mortgage, and your fixed rate is coming to end, or has expired, then you could be paying more for your mortgage than you really need to – this is where remortgaging comes in.

There are several reasons why you may decide to remortgage:

• You want to make improvements to your home

• You may wish to consolidate other debts into one

• You may have a new addition to the family and need extra cash

• You have a current mortgage deal coming to an end and your current lender’s SVR (standard variable rate) means that you will end up paying a lot more in monthly payments.

Some considerations before you remortgage:

• Have you only just taken out your mortgage?

• Do you have early repayment charges? If so, does the cost of early repayment outweigh the benefits of re-mortgaging?

In some cases, remortgaging may not be right for you.

We are here to help you look at your situation and see what options are available.

We can help you balance out the benefits of a new mortgage product against your current product.

As an independent broker, we can present you with competitive rates.

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You may have to pay an early repayment charge to your existing lender if you remortgage.

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