Getting any kind of mortgage can be stressful enough. Working with a specialist mortgage broker can help you get access to unique deals, as well as expert advice.
A remortgage is when you take out a new loan on a property that you already own. This could be to replace your current mortgage to take advantage of cheaper interest rates, to lower your monthly payments, to release equity from your home to fund a new home project, or to assist with financial needs.
You may need a specialist remortgage if your financial situation has changed since you remortgaged. You may have received a CCJ, missed a few credit card payments, or your credit score has taken a hit. When you use a specialist mortgage broker, we can help you find a product from specialist lenders that you won’t find on the high street.
There are many benefits to remortgaging, whether it’s to improve how you make your repayments or to release money for a project:
– Reduce the term of your mortgage – this could help save you money over the course of your borrowing
– Secure a more favourable interest rate than on your current mortgage – this could reduce your monthly repayments
– If there is equity in the property, you can release some of its value, using the surplus to embark on a project or consolidate debts
– Release equity to undertake another project or venture
It is not a legal requirement to remortgage using a mortgage broker, although doing so has a whole host of benefits. Not only does it take the majority of the work off your plate, a broker could help you save money in the long run. A specialist mortgage broker, such as ourselves, can take a look at your situation to firstly establish whether remortgaging is the best financial option for you. Should you choose to proceed, they will have access to exclusive deals from lenders you won’t find on the high street – finding the very best product for you.
With a Mortgage Experience adviser on your team, you can sit back and relax, safe in the knowledge that we will be doing all the heavy lifting to find you a suitable remortgage with the best rates available. This gives you more time to pack, and well, do the actual physical heavy lifting (should you wish) as you move into and enjoy your new home or the financial benefits of your remortgage.Get In Touch
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