Build that much needed
extension or conservatory
Find remortgages at rates
as low as 2.34%!
Pay off those expensive
loans and credit cards
Searching the market for a remortgage deal on your own can be an onerous and confusing task for the best of us.
You certainly need to have your wits about you to understand all the features and pitfalls of the numerous remortgage products available from a host of different lenders.
The trustworthy and independent mortgage brokers that we deal with have all the information at their fingertips that you need to get the right remortgage solution quickly and painlessly.
What’s more its free to consult with them and obtain a no obligation quote.
So enquire now and let someone else do all the hard work for you, safe in the knowledge that they will get you the best deal available.
There are multiple reasons to look into a remortgage. Primarily, a remortgage should be considered if you are looking for an avenue to save money each month off the cost of the monthly mortgage. When the timing is right to remortgage, a significant savings can be taken advantage of. Good timing for a remortgage is easier to predict when you are working with a remortgage broker. In general, the following are beneficial reasons to remortgage:
Securing the Best Interest Rate - When the state of the economy sits at a point when interest rates are extremely low, it is time to act. Not only will you be able to save several pounds per month off the cost of your current mortgage, more pounds can be paid to the bank so the term of the loan can be shortened. Imagine taking a few years off the timeline to pay for your home. Paying more to the bank each month also builds equity in your home faster.
Reducing Debt or Debt Consolidation - Remortgaging is a quick way to start reducing old debt you have been hampered with for years. Simply put, the lower interest rate will allow you to pay less toward the monthly mortgage and more towards old debt. Personal loans as well as other types of loans can be paid off at this point. Using the built up equity in your home is also a way to reduce debt. Upon remortgaging, the freed up equity can be applied toward the new mortgage balance. Beyond paying off debt with built up equity, taking a holiday or extending your education can now be considered.
Moving Into a More Suitable Mortgage Loan Product - As time passes, the financial situation of every household typically changes. That being said, a more suitable mortgage loan product for your situation should now be researched. If, for example, your income is higher now than at the time of the original mortgage loan, a different type of loan is now necessary so you don't get plagued with a heavy penalty for overpaying on the monthly payment. If your current mortgage loan product is not meeting the financial needs of your household, it is time to look around and see what other types of loans might be a better fit.
Making Home Improvements - Making home improvements is a wise investment for the short term or long term. It is a wise investment because a return on your investment will be seen when the house is sold. It is seldom that a home improvement does not bring favorable returns when selling a house. A remortgage is an excellent way to obtain funds to make home improvements which will enhance the quality of life within the home. Checking with a remortgage specialist will help in your decision to make home improvements.
For more in depth detail please read Why Should I Remortgage