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Remortgage Advice in Manchester

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Remortgage Advice in Manchester

Looking to remortgage in Manchester? If you are looking to release equity or compare like for like products, book a free remortgage review today and secure your financial future.

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Let us Compare Remortgage Rates and Deals in Manchester

Our team of mortgage advisors in Manchester will search through thousands of mortgage deals to find the most suitable deal for you and your circumstances.

If you choose to progress with the great deal that our team finds you, we will then resume your mortgage process and help with your remortgage application.

If you’re looking for open and honest mortgage advice in Manchester, get in touch with us today.

Our knowledgeable team will recommend ways for you to obtain a mortgage and provide you with the support you need to make informed decisions about your remortgage options.

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Remortgage Advice in Manchester

Helping You to Remortgage in Manchester

At Manchestermoneyman, we believe in providing our existing customers with the support and guidance they need to make informed decisions about their mortgage. As such, we will provide you with an early reminder before your fixed term ends, giving you plenty of time to explore your options and make the necessary arrangements.

This way, you can avoid being placed on the standard variable rate, which can result in higher mortgage payments.

When you remortgage with Manchestermoneyman, we can help you explore a range of options, including releasing equity to cover finances for larger developments such as home improvements or to consolidate debt.

We are a open and honest mortgage broker in Manchester and will let you know if staying with your current mortgage lender is the better option.

Free Remortgage Review in Manchester

Are you nearing the end of your initial fixed period and considering a remortgage in Manchester? If so, it’s time to start exploring your options to secure a better deal or to release equity from your property.

At Manchestermoneyman, our team of knowledgeable mortgage advisors in Manchester can provide you with the support you need to make the best decisions for your individual circumstances.

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Remortgaging FAQs in Manchester

What is a remortgage in Manchester?

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A remortgage is essentially the process of switching your mortgage to a new mortgage lender, often in order to obtain a better deal or to release equity from your property.

Many people choose to remortgage when their initial fixed period ends, as this is often when mortgage payments can increase.

What are the benefits to a remortgage in Manchester?

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Remortgaging with Manchestermoneyman presents several potential advantages, including the possibility of lower interest rates, decreased monthly mortgage payments, access to funds for home improvements, and the option to consolidate debts. It’s a strategic way to optimize your mortgage to better suit your financial goals.

How does my free remortgage review work with Manchestermoneyman?

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A free remortgage review in Manchester involves one of our trusted mortgage advisor in Manchester assessing your existing mortgage and financial circumstances. They will explore various options to find a more favorable mortgage deal that aligns with your specific needs. Ontop of providong expert mortgage advice in Manchester, our service helps you determine if remortgaging is a wise choice for you and the potential savings or benefits it could offer.

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Our Simple Remortgage Process

Free 30-Minute Remortgage Review

Step 1

Our mortgage advisors in Manchester will review your current mortgage terms, including the interest rate, remaining balance, and repayment schedule.

We Can Search 1000s of Remortgage Deals

Step 2

Our team will search through thousands of remortgage products to find the most suitable remortgage deal for you.

Submit Your Remortgage Application

Step 3

Once you have accepted the offer, your dedicated we will submit your full mortgage application and forward all supporting documents to the lender.

Protecting You and Your Mortgage

Step 4

We will also contact you when your next remortgage in Manchester is due for renewal, ensuring you are on the most suitable mortgage deal and insurance products.

Reasons to Choose us

Free Remortgage Review

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Looking for a reliable and experienced mortgage advisor to assist you with your remortgage in Manchester? Look no further than Manchestermoneyman! We are a team of dedicated and hard-working professionals who are committed to helping our customers find the most suitable mortgage deal for their unique situation. One of the key advantages of choosing us is that we offer a free remortgage appointment in Manchester and surrounding areas.

1000s of Remortgatge Deals

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With access to 1000s of specialist and unique mortgage products, we have the ability to find the most suitable mortgage deal that matches your individual needs and circumstances. We take pride in providing fast and friendly mortgage advice in Manchester, and we are committed to helping our customers achieve their property goals. But don’t just take our word for it – check out our company reviews to see what our satisfied customers have to say about our services.

Our Service

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We strive to provide the highest levels of customer satisfaction, and we are always looking for ways to improve our services and exceed our customers’ expectations. To schedule a free remortgage appointment with our trusted mortgage advisors in Manchester, simply get in touch with us today. We’ll be happy to answer all your questions and get your remortgage in Manchester underway.

7 Days a Week

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Our team of mortgage advisors in Manchester are available 7 days a week, from early mornings until late at night, and we offer bookable appointments that can be scheduled at a time that works for you – whether that’s during your personal or professional life. Here at Manchestermoneyman, our trusted mortgage advisors in Manchester can help you with a wide range of remortgage options, including releasing equity or finding a better deal. Whatever your circumstances, we are here to guide you through the process and help you make an informed decision about your remortgage in Manchester.  

Malcolm and Amy Davidson - Mortgage Advice in Manchester

We Search 1000s of Remortgage Deals in Manchester

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Paragon Mortgages
TSB Mortgages
Halifax
Bluestone Mortgage Advice
BM Solutions Mortgages
Chorley Building Society
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HSBC
Nationwide
Skipton
Pepper Money
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Coventry Building Society
Santander
Natwest Mortgage Advice
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Accord Mortgages
Aldermore Mortgage Lender
Beverley Building Society
Kent Reliance
Virgin Money & Mortgages
Leeds Building Society
Scottish Widows
Foundation Home Loans

Common Remortgage Scenarios

Remortgage to Find a Better Deal

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Many people choose to remortgage in Manchester, in order to find a better deal on their mortgage payments.

This could mean switching to a new mortgage lender with lower interest rates, reducing their monthly payments, or accessing better terms and conditions.

By shopping around for a better deal, homeowners can save money on their mortgage and improve their financial situation.

Remortgage to Fund Home Improvements

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Another popular reason for remortgaging in Manchester is to fund home improvements or renovations. This is something we see a lot as a mortgage broker in Manchester.

This can be a cost-effective way to pay for repairs, upgrades, or extensions to the home, as homeowners can take advantage of the equity in their property to secure a larger loan.

By using a remortgage in Manchester to fund home improvements, homeowners can increase the value of their property and create a more comfortable living space for themselves and their family.

Remortgage to Consolidate Debts

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For some homeowners, remortgaging in Manchester can be a way to consolidate their debts and simplify their financial situation.

By using the equity in their home to pay off high-interest debts such as credit cards, personal loans, or car finance, homeowners can reduce their monthly repayments and save money on interest.

This can be especially beneficial for those who are struggling with multiple debt payments and want to simplify their finances.

You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.

Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.

Remortgage to Remove a Name

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In some cases, homeowners may need to remove a name from their mortgage in Manchester, such as a former partner or spouse.

This can be done by remortgaging the property and taking out a new loan in the name of the remaining owner.

This can be a way to untangle financial ties and move on from a previous relationship, while also ensuring that the remaining homeowner can continue to make mortgage payments and stay in their home.

Remortgage to Release Equity

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Finally, some homeowners may choose to remortgage in Manchester, in order to release equity from their property.

This can be a way to access a lump sum of cash, which can be used for a variety of purposes such as paying for a child’s education, funding a business venture, or going on a dream holiday.

By remortgaging in Manchester, homeowners can unlock the equity in their property and turn it into a valuable asset that can help them achieve their financial goals.

Alternatives to Remortgages in Manchester

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Product Transfers: If you’re happy with your current mortgage lender, a product transfer in Manchester could be a good option.

This involves switching to a different mortgage product with your existing mortgage lender, such as a new fixed-rate deal or a tracker mortgage.

Product transfers are typically quicker and easier than remortgaging, as they don’t involve a full mortgage application and underwriting process.

That being said, they may not always offer the best rates, so it’s important to shop around and compare options.

Further Advance: If you need to borrow more money but don’t want to remortgage in Manchester, you could consider a further advance from your current mortgage lender.

This involves taking out an additional loan on top of your existing mortgage, which is secured against the property.

Further advances can be used for a variety of purposes, such as home improvements or debt consolidation, but they may come with higher interest rates than a remortgage in Manchester.

Unsecured Loans: For smaller amounts, an unsecured loan may be a more suitable option than actually taking out a remortgage in Manchester.

These loans are not secured against the value of your home, so there is no risk of losing your property if you can’t keep up with repayments.

That being said, unsecured loans generally come with higher interest rates than secured loans, and may not be suitable for large or long-term borrowing.

Credit Cards and Overdrafts: If you need to borrow a much smaller amount of money for a shorter period of time, you may be able to use a credit card or overdraft instead.

These options can be convenient and easy to access, but they come with high interest rates and fees, and may not be suitable for long-term borrowing or larger amounts, which is where a remortgage in Manchester might be more suitable for you.

Remortgage Options (Age 50+)

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We tend to find that when our customers who are over the age of 50+ get in touch, they are usually looking for help with one of the following situations:

  • Interest-only mortgage ending soon.
  • Divorce and separation mortgage advice.
  • Remortgage for home improvements/pay off debts.
  • Release money to gift to family members.

Being one of the small number of companies in the UK that has access all later life mortgage products, we can usually help.

We provide expert mortgage advice in Manchester on regular mortgages, with some of our mortgage lenders going up to age 85 along with specialist products designed for older borrowers, such as term-interest only mortgages (TIOs) and retirement interest-only mortgages (RIOs).

Also, we provide open & honest later life mortgage advice on equity release in Manchester too, including both lifetime mortgages in Manchester and home reversion plans.

If you are aged 50+, it’s important that you speak with an expert later life mortgage broker in Manchester, like us, so you understand the full range of products that are available to you.

Also, it’s great to see that mortgage lenders are being innovative in this space and new/combination products are being launched to meet both consumer and regulatory demand.

To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.

A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.

A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.

Mortgage Guides

Manchestermoneyman.com & Manchestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Manchester, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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