Remortgages

What are the Benefits

Perhaps you are coming to the end of your current deal and want to see if there is a better alternative, or you've already moved to your existing lender's variable rate and realise that you could be paying too much.

Either way it makes sense to let us find the best deal for you.

Re-mortgages are a good way to escape high variable or fixed interest rates and take advantage of some of the current fixed-rate or discount mortgages, which have much lower rates.

It is also a way to raise funds for an expensive purchase. If you have owned your property for a few years it could be worth much more than your outstanding debt. By taking out a new, larger mortgage you could release money to spend as you choose.

Applying for a new mortgage on your existing property is much the same as applying for a loan to fund a house purchase. You need to supply information about your income and outgoings, and the property on which the mortgage will be secured.

What else is involved

The lender will want to undertake a valuation - although, in some cases, it will do this from outside the property.

On the legal side, the lender will want a conveyancer to undertake a local authority search and a search to prove you own the title to the property. As there is no sale involved, there are no contracts to prepare, so the process should cost less than that surrounding a house purchase.

Where no re-mortgage package is available, you need to bear in mind that the costs associated will make a dent in your potential savings.

Why remortgage with 'Mortgagehunters'

We know which lenders favour the re-mortgagor and offer subsidised deals to make the move attractive. Many lenders offer free legal services and free valuations to make the switch cost effective. You could spend time and trouble doing your own research and still miss a real 'gem'.

Many of our clients end up coming to us for assistance, having spent a frustrating search through the internet and lenders adverts. We know your most precious asset is time and therefore it make sense to get us to do the legwork.

It may be that your needs are more complicated due to your circumstances and you want to ensure that you make the right choice.

We will only recommend that you proceed with your re-mortgage if it is in your best interest.

Ring us now for assistance