Is your current deal coming to an end? We search thousands of products to find the best deal, whether that’s with your current lender or a new bank or building society. When you remortgage, you move your mortgage from one lender to another, people do this for many reasons, some of which are listed below.
By increasing your mortgage you could potentially lower your overall outgoings by consolidating all of your debts such as loans, credit cards, store cards etc. into one payment. In releasing equity from your home in this way it could mean that you have more disposable income, making your month to month budget more manageable.
This is known as debt consolidation or a debt consolidation mortgage.
In securing your debts against your property, it’s likely that you’ll end up paying more interest over the whole term of the mortgage. It’s extremely important that you as a customer fully understand the pros and cons and the cost implications of going ahead with this kind of mortgage. Our Leeds based mortgage advisers will be able to give you impartial advice, allowing you to build a full picture of whether debt consolidation is right for you.
You can use equity in your home to increase your mortgage and pay for home improvements. Whether it’s for a new bathroom or something bigger like an extension, we can guide you through all the options and ensure that we recommend the right mortgage for you. It’s always a good idea to get quotes from builders and tradespeople first to understand the total cost and get an idea of what you will need to borrow.
Have you come to the end of your current deal? If you want to ensure you are getting the best possible value for money, our mortgage brokers in Leeds can help you search the entire market for a product that’s just right for you. Not only that but we will look at what your current lender is offering and compare that against the wider market.
Thinking about investing? If you want to purchase a property to rent out or are thinking of buying a holiday home, there are plenty of options available and we can offer advice across more than 80 mortgage lenders. Maybe you want to keep your own home and rent it out? This is what’s known as a let to buy mortgage and we offer comprehensive advice on these kinds of mortgages.
Thinking about investing? If you want to purchase a property to rent out or are thinking of buying a holiday home, there are plenty of options available and we can offer advice across more than 80 mortgage lenders. Maybe you want to keep your own home and rent it out? This is what’s known as a let to buy mortgage and we offer comprehensive advice on these kinds of mortgages.
Generally speaking, 6 months gives you enough time to properly consider your options and provides more than enough time for your new mortgage to be approved. If you don’t have this much time, don’t worry – as the process can take as little as a month.
Yes – there are many lenders that will consider less than perfect credit profiles, so don’t be put off if you have missed payments or have incurred defaults for example.
You can – many lenders allow you to raise funds for this purpose. Speak to a mortgage broker in Wakefield today to get more information.
Many lenders will cover the cost of legal services if you move to them, but you can use your own solicitor at your own cost if you would prefer.
You may be able to apply for a ‘further advance’ with your current lender and keep your existing product in place. There is also the option to apply for a secured loan, which means that you won’t have to pay potentially hefty early repayment charges on your current mortgage.
