Saving money on your mortgage with the deal you deserve
When you come to the end of your mortgage deal, you might be tempted to take the next offer that your mortgage lender presents to you. In some cases you’ll be automatically transferred onto a higher variable rate, which can end up significantly more expensive. By taking control of the process and getting expert input, you can find a deal that suits you.
Your circumstances change and the economic situation fluctuates, and remortgaging is a prudent way to navigate those changes. Give yourself 3-6 months before the end of your mortgage deal to take stock and review your finances. It might be the case that now’s a good time for you to fix your rate for the next 10 years. Or maybe moving from a fixed rate to a tracker rate will serve you best in the short-medium term.
Perhaps you’re looking to switch your mortgage before the end of its term? We’ll help you understand any exit fees and advise you on how to change your mortgage in the most cost-efficient way.
We know it can feel like a hassle to switch your mortgage provider or shop around for the best deal. That’s why we’ll manage the process for you every step of the way, so that it’s stress-free and straightforward. With our expert input you’ll have the peace of mind and satisfaction that your mortgage is aligned with your lifestyle and life goals. And we’ll do it all for you, saving you time and money.
You may have to pay an early repayment charge to your existing lender if your remortgage. Your home may be repossessed if you do not keep up repayments on your mortgage.
FAQs
Can you help me remortgage?
Absolutely! We’ll search over 50 lenders to find the right mortgage for you. We’ll review the current deals from your existing provider, and compare them against offers from other lenders.
When is the best time to remortgage?
If you’re coming to the end of your existing fixed rate, then we can start exploring your options when there’s six months left on your deal.
If you want to free up cash for home improvement, or you’ve recently received a large lump sum, you can remortgage at any time. We can help you navigate any exit fees or early repayment fees and advise you on your best course of action.
How long does it take to remortgage?
Typically it takes around two months from start to finish. We can do it more quickly, but we recommend leaving two months to find the deal that works for you.
Can I remortgage to get money for home improvements?
Yes, probably. There are a few hoops to jump through first. We’ll need to review the value of your property, and analyse your income and expenditure. So long as the sums stack up, we should be able to raise money from your mortgage for your home improvements.
Should I look at remortgaging even if I don't need to raise funds?
Yes, if you’re coming to the end of your fixed term rate. If you don’t, then your rate is likely to rise and your monthly payments will increase.
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