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.
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.
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.
Contact us today to book your free remortgage consultation in Manchester & see how we can help you.
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.
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.
As your mortgage advisor in Manchester, we are here to help you. Get in touch with us today and make a date for your free mortgage consultation.
Your chances of saving money go up if you are on your lenders SVR (Standard Variable Rate of Interest). We will compare the new products available against your current mortgage deal, in order to work out these savings for you. If you have equity in your property, a remortgage would also allow you to release some of this money if required. Usually, this is used for things like home improvements.
You can remortgage and increase the size of your mortgage to pay off any unsecured debts you may have. Please do not rush into this though as there are some downsides. We recommend that customers always seek Mortgage Advice in Manchester before consolidating debts!
Your initial free remortgage consultation in Manchester will last around 1 hour. We will then compare a new deal vs your current product and recommend the most appropriate one, with no obligation to you. You can then decide whether you wish to go ahead with the mortgage, or take a step back.
The fees will be similar to the ones involved when you started your current mortgage. However, your dedicated Mortgage Advisor in Manchester will run through all of the fees with you. Taking these into consideration when comparing the savings of the new deal vs your current mortgage.
As your mortgage broker in Manchester, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.
It may be possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.
If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.
It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, address and 3 months’ bank statements.
A telephone call where we can take some initial details and find out about your plan of action for Remortgaging.
We will search and compare 1000s of products to find you the best deal!
Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.
Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property!
Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.
Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.
