Remortgaging made simple
When you remortgage, you are switching your mortgage to another deal, and frequently, another lender. Remortgages can be used for various reasons; however, most people simply switch mortgages because it works out cheaper for them. For example, the introductory discounted interest rate may have come to an end with your current lender; therefore you could potentially get a new discount rate, or a lower rate with another lender. Another example is when you may need to remortgage to consolidate debts or ease regular bills such as credit card repayments.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Whatever the reason, it’s worth noting that a remortgage is not always going to be the right option in all cases. Even if the lender you are considering switching to is offering what might seem like a lower interest rate, you must take into consideration the following facts:
- The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage with your current lender.
- If you switch mortgage remember to look at the overall repayment period. You may be able to pay less monthly, but do check the final repayment date of the mortgage as well.
- You may have to pay an early repayment charge to your existing lender if you remortgage.
- You may be able to switch your mortgage deal with your current lender, avoiding any unnecessary costs. Many lenders will allow you to switch your mortgage deal reasonably frequently.
How can Charles Derby Mortgage Bureau help you remortgage?
Even a slightly cheaper rate can have a big impact on your repayments, so there are plenty of situations where it makes perfect sense to remortgage. Our experienced team is only interested in helping our clients find deals that fit their personal circumstances, so our advice and support is always tailored. Not only do we give our customers access to thousands of mortgage products across the whole of market, we can complete all of the relevant paperwork for you, liaising with lenders, solicitors and surveyors to ensure your remortgaging journey is smooth and simple, so you can get back to the most important things in life.
Negotiating a rate that’s right for you
We also have access to exclusive products via the Quilter Financial Planning Network, meaning we may be able to negotiate deals that are tailored to your specific needs, whilst we’re always on hand to answer any questions you may have, smoothing the mortgage process along. Our advisers have over 50 years of combined experience, Charles Derby Mortgage Bureau remains at the forefront of the mortgage industry, helping thousands of customers throughout the UK.
If you’d like to speak to us about how we can help you remortgage at the right price and take control of your financial future, please send us a message or call us on 0330 094 5476 to book your free initial appointment.