There are two main reasons for remortgaging:
- To borrow additional funds
- To get a better mortgage deal with a new lender, normally when your current deal expires
Sometimes you might want to do a combination of the two.
The benefits of shopping around
It can be very tempting to simply renew with your current lender because it might seem like the easiest option. However you could be missing out on a really competitive deal, so it's always worth seeing what else is out there.
We can help you with everything, whether you want to borrow more from your lender, or switch to a new one. We'll do all the analysis for you, comparing what your existing lender can offer with other deals on the market.
We'll keep it really simple for you, streamline the whole process and offer straightforward advice on the benefits and risks of switching. For example, many lenders offer a free legal service with their remortgage deals, saving you money. However, if you need to complete quickly you may be better off selecting your own solicitor. We can help you with that.
For great advice on every aspect of remortgaging and what it means for your particular situation, just ask.
Top tip: Plan ahead
Get in touch with us around six months before your existing mortgage deal expires, or well before you need additional funds. That gives us plenty of time to find the best deal for you.
