The New Year is a great time to think about re-mortgaging. Now is the time lenders provide the best rates!
What Is a Remortgage?
A remortgage is when you change your mortgage lender without moving home. The reason’s you may remortgage are usually to raise more money (to pay for home improvements, buy another property or consolidate other debts you may have) or to secure a better interest rate.
Whatever your reason for wishing to remortgage we can help you to secure the best mortgage deals to meet your needs. We are an independent broker which means we access the whole of the market for the best rates.
It doesn’t have to cost you anything either… If you wish to remortgage, we can usually secure mortgage deals with the mortgage lender meeting the cost of the property valuation and paying the solicitors costs.Some will even waiver the setup fee (which is typically around £999)
There are many in the yachting industry who have been smart with their earnings and have invested in property. If you’re one of these crew, you will know that owning property can bring good return however even though the initial hard work of finding a property and getting a mortgage is behind you, you still have to be diligent about keeping an eye on your investment as time goes on.
One question that you may want to ask yourself if whether it is time to re-mortgage and save yourself a considerable amount of money in interest.
With the general consensus being that interest rates will rise after the UK leaves the EU, the times of record low’s in the cost of borrowing could be coming to an end.
With standard variable rates hovering around 2-3% above a good fixed rate deal, you could be throwing money away needlessly.
It is estimated that 70% of all mortgages are now on the lenders default standard variable rate. Banks rely on customers not being ‘mortgage savvy’ and thus just leaving their mortgage in place when their deal ends. Surprisingly, most re-mortgage deals come with a free valuation and legal fees, and some even have 0 set up fees so for a minimal initial outlay you can in turn save yourself an impressive chunk of change.
Don’t just put your mortgage on auto pilot and expect it to do the work for you. Contact us today to discuss your mortgage options
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*Your House may be repossessed if you do not keep up with your mortgage repayments*