Remortgages

Your mortgage may have been the best deal for your circumstances at the time but is it still performing as well as it could?

Remortgaging is a good way to escape high variable or fixed interest rates and more and more UK homeowners are moving their mortgages to save money. Even if you have just come out of a special deal and are obliged to pay a penalty if you change, do not be deterred, re-mortgaging often reduces your monthly mortgage payment enough to still save you money in the long run. As your professional adviser, we will work out if this is beneficial to you.

In recent years remortgaging has become a much simpler and more common process. More and more lenders are offering specialist remortgaging services - often with free legal and arrangement fees.

As well as reducing your monthly payments, you can also use remortgaging to release the equity that's built-up in your property over time. If you have owned your property for several years, it could be worth more than your outstanding debt therefore taking out a larger mortgage could release some extra cash. This could be spent on home improvements, a new car or a luxury holiday if you like.

When you re-mortgage, you are essentially replacing your existing mortgage with a new one, shifting your debt from one lender to another. There are thousands of mortgages available across the market and we will take into account what different lenders are offering at present and find the best deal for your new circumstances.

You may be charged an early repayment charge if you repay your mortgage within the first few years

Adding debts to your mortgage may increase the amount you pay and extend the term

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage