There are plenty of great reasons to review your mortgage regularly and to consider remortgaging. Remortgaging can potentially improve your monthly payments, lower your interest rate and help you pay off your mortgage quicker.
One of the most costly mistakes you can make is allowing your mortgage to roll onto the lenders Standard Variable Rate. Remortgages can be used to switch to a better rate, to raise money for home improvements or to consolidate other debts.
Although they will offer you the opportunity to switch to a new interest rate when your introductory period is coming to an end, staying with your current lender is not always the best option. You may want to borrow more than they will lend or you may be eligible for an even lower rate elsewhere.
We will always look at the whole market to see if it is better to stay or to go. We will find a mortgage that offers a free valuation and either pays for the legal fees or offers cashback to cover them.
Sometimes your circumstances change. So long as you have kept up on your mortgage payments, your lender may allow you to switch to another introductory deal when your original one comes to an end without assessing your income and affordability. We will save you the trouble of endless long calls to their call centre and sort this out for you quickly and easily.
If your kitchen is a bit cramped or you are yearning for a home office, you may be able to release equity to develop your property. We will guide you through your options to help you make the most of what you have. We will identify the most suitable option and be with you throughout the process.