When you’re reaching the end of your mortgage term, you’ll need to start looking at a Remortgaging. A Remortgage is where your Mortgage Advisor looks at your current deal and helps you switch to one with more favourable interest rates.
If you’ve spoken to a Mortgage Broker in Liverpool like us, generally speaking, you’ll be sent a reminder around 6 months before your term is due to finish, in order to get the ball rolling ahead of schedule.
Remortgage rates usually track the base rate of the Bank of England. At the time of writing, interest rates have been at a record low since March 2009. This means that those currently on higher rates, may be able to switch to a significantly lower rate, saving them money on monthly repayments.
No matter what type of remortgage advice you need, as a dedicated and committed Mortgage Broker in Liverpool, we will do all required to make sure that you end up with the best product available for your situation.
We are here to support you through the whole Remortgage process & talk you through each step. We will always be at the other end of the phone when you need us.
Things don’t always go to plan when Remortgaging a home, that’s why it will be incredibly beneficial for you to get in touch with an experienced Mortgage Broker in Liverpool.
Contact us today to book your free remortgage consultation in Liverpool & see how we can help you.
As your Mortgage Advisor in Liverpool, we are here to help you. Get in touch with us today and make a date for your free mortgage consultation.
As your Mortgage Broker in Liverpool, our first job is to carry out a Fact Find on you to get a bigger picture of your personal and financial situation, so that we can recommend the most suitable mortgage for you. In order to obtain an Agreement in Principle, you will also need to have a credit check performed on you. Once you have provided all the relevant evidential documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.
It is more than likely that if you roll straight onto your lenders SVR (Standard Variable Rate of Interest) then your monthly payments will go up. That’s why they love it when people forget that their deal is coming to an end. We will do our best to find you a competitive remortgage deal in Liverpool that could even end up saving you money. If you have equity in your property, a remortgage would also allow you to release some of this money if required. Usually, this is used for home improvements such as a kitchen extension.
It is possible to remortgage and increase the size of your mortgage to pay off any unsecured debts you may have. Before you rush into anything, there are sometimes downsides to doing this, so we always advise that you speak to a Mortgage Advisor in Liverpool, like us who can explain everything about debt consolidation.
Your initial free remortgage consultation in Liverpool will last around one hour. We will then search through thousands of remortgage deals over our panel of 38 lenders and compare them to your current deal to see if we can find a perfect deal that can save you some money. You can then decide whether you wish to go ahead and continue with us and the dealor take a step back.
There are some obvious fees that come with remortgaging, they will be similar to ones that came with your current one. However, if you went to a Mortgage Broker in Liverpool, they can talk you through all of the costs and sometimes show you where you can save money. There are probably some ways to reduce your mortgage arrangement costs in Liverpool.
Yes, you can get a second mortgage. You can take out a second mortgage for your current home for things like debt consolidation and home improvements. It is also possible to take out a second mortgage for another property if you want. Usually, this situation comes about when people are interested in a holiday home, are buying for a friend/family member or want a Let to Buy or Buy to Let.
It is possible but it can be a bit tricky though. When you have had previous credit problems your minimum deposit that is required could rise, we have seen it at 15% before. Having a Specialist Mortgage Broker in Liverpool could really help you get back on track in situations like these.
If you’re an employee, you will usually have to supply three payslips in order to prove your income. If you are Self Employed in Liverpool its normally the latest 2 years’ accounts. You will also need to produce proof of ID, address and 3 months’ bank statements.
An initial telephone call where we take some details and look at your Remortgage plan.
A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!
We will search and compare 1000s of products to find you the most appropriate deal.
Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property!
Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.
Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.
