Remortgage Advice in Manchester
Remortgage Broker in Manchester
What is Remortgaging?
Once you’re near the end of your mortgage term, it’s advised that you start looking at a Remortgage. This is where your Mortgage Advisor looks at your current deal and looks to help you switch to one with better interest rates.
If you’ve gotten in touch with a Mortgage Broker in Manchester like us, you’ll usually be sent a reminder around 6 months before your term is due to finish, in order to get the ball rolling ahead of time.
Remortgage rates mostly follow the base rate of the Bank of England. At the time of writing, interest rates have been at an all-time low since March 2009. This means that those who are currently on higher rates may be able to transfer to a lower rate, saving them money on their monthly repayments.
The Importance of Remortgage Advice
Whether it’s to release equity, to get better rates, find a more appropriate deal or more, we’ll always do our best to ensure the process is quicker and smoother than the first time.
Reasons for a Remortgage:
- Better Mortgage Rates
- Debt Consolidation
- Fixed Rates
- Marital Changes
- Other Personal Circumstance Changes
- Remove a Name From a Mortgage in Manchester
As mentioned above, personal circumstances may have changed since you last applied for a mortgage, of which you will need to notify your advisor.
We are able to search through thousands of Remortgage deals, in order to find the best product for your individual needs.
Quite often, those in need of a Remortgage also have more equity in their house, so have access to better products from lenders.
Stress-Free Remortgage Advice
When the time comes to Remortgage, you can usually avoid the “property chain”. This is because you already own your house this time around. We will do our best to ensure that the process goes as quickly and as smoothly as possible.