WHAT IS REMORTGAGING?
Remortgaging is the process of switching a mortgage to a different lender without moving homes. For many borrowers, it is also the ideal opportunity to review their personal and financial circumstances and to consider whether their current mortgage and lender is the most suitable for them.
WHAT ARE COMMON REASONS TO REMORTGAGE
Your mortgage deal has already come to an end and you have been placed on your lender’s standard variable rate (SVR)
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Your existing deal is nearing its end and you will soon be placed on your lender’s SVR
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Reduce monthly repayments and gain extra flexibility on your mortgage term
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Borrow more money, possibly for home improvements or to pay off other debts
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Release equity from your home
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The value of your home has increased substantially
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Ensure your mortgage meets your personal and financial needs
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To change to a different type of mortgage
Think carefully before securing other debts against your property.
Your home may be repossessed if you do not keep up repayments on your mortgage
WHAT IF YOU WANT TO STAY WITH YOUR CURRENT LENDER
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If you wish to stay with the same lender when your current deal comes to an end, you can simply complete a product transfer. This means you will be placed on a new product with your existing lender.
WANT TO DISCUSS YOUR CURRENT MORTGAGE
To find out whether remortgaging is right for you and your circumstances, you can speak to us today. We will assist you in reviewing your current mortgage and finding the best deal for you.
The initial consultation and sourcing of a mortgage is free. A Broker fee may be payable upon mortgage application. The total fee payable will depend on your circumstances, complexity of the application and loan amount, and this will be confirmed to you prior to any application.
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Stratford Mortgage Solutions is a trading name of Robin Stratford who are an Appointed Representative of Primis Mortgage Network, a trading name of Advance Mortgage Funding Limited. Advance Mortgage Funding Limited is authorised and regulated by the Financial Conduct Authority. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
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Trading address - 8 Thorncombe Close, Bournemouth, Dorset, BH9 3QL