A re-mortgage is simply changing your existing mortgage deal to another one. This can be done at any time and for a multitude of reasons.
Most commonly, people re-mortgage when their current deal comes to an end, however this could be done at any point during your mortgage term if a better deal comes up or if circumstances mean that this is the best thing for you to do.
Maybe you need to raise money for home improvements, to buy a new car, go on holiday or for debt consolidation. Whatever the reason you are looking to review your mortgage, we will go through everything with you and advise you on what is in your best interest.
When the natural time comes to re-mortgage, at the end of your existing mortgage deal, it can be just as daunting as when you are buying and looking for the best deal originally. This is where we will help and take on the responsibility of finding the best deal for you.
Your existing lender will be in touch, but it’s vital to remember that they will only offer you the few deals that they offer and whilst taking one of these deals will certainly be simpler, it may be a costly mistake when compared to a deal that you could have had with a new lender.
We will search the market for you to find the best deal available. This may well be with your existing lender and if it is, we will tell you this. If it is best to switch to a new lender, we will show you why this is best and be able to demonstrate the saving you will make verses staying with your current lender.
Where it is best for you to stay with your existing lender we will arrange this switch for you with no fee. By doing this, we retain a record of when your deal ends and can touch base with you before this happens to repeat the re-mortgage process in future, leaving you safe in the knowledge that your biggest expense will never cost more than it has to.
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