Remortgages and the benefits…………………. By Caroline Hall (March 2019)

How much can I borrow? By Caroline Hall (January 2019)
March 9, 2019
We are excited to introduce ……...........................
April 25, 2019

Over the last few months we have seen a massive increase in Remortgage Enquiries, this has been driven by the Brexit word, and the general uncertainty in the country as a whole.

However really the amount of remortgages that we do shouldn’t have increased as the importance to remortgages and secure a good rate hasn’t changed. We hear on the news and from Martin Lewis the importance of switching your energy supplier to achieve a better deal, with the intension of saving money – well by getting your remortgages right and securing the best rate can save you much more, we have known this to save hundreds and thousands of pounds over the term of the mortgage. Even by reducing your interest rate by 0.5% based on a £100,000 mortgage saves you over £40 per month. In most cases you will find that with all Mortgage Lenders the standard rate is significantly higher than what you could potentially achieve, by either Remortgaging to another lender or renegotiating a new deal with your current mortgage lender. So, why would anyone not look to remortgages at the end of their fixed rate or their initial rate, well in some cases it is simply something that gets forgotten in a busy lifestyle or your personal circumstances could have changed and you fear that you will not be able to remortgages. In both of these cases you are well advised to work with an Independent Whole of Market Mortgage Broker, who will have the knowledge and the ability to secure you the very best rate which suits your personal requirements.

One of the general concerns can be if your credit status has changed or your income has changed you might be stuck and not be able to remortgage, and the fear that if your current lender was to find out about the changes you might lose your current mortgage and potentially your home. This is not the case, as long as you keep up with your mortgage payments. We have the expertise to know what lender will suit your remortgages requirements and also if your profile will meet their criteria.

By reducing your interest rate it might also be possible to reduce your mortgage term, this can result in saving money and also being mortgage free sooner.

So, overall it is a win win, by letting Your Mortgage Hub look after your remortgage needs we will work to save you time and most importantly money.

In some cases, you can borrow more money to pay off some debts, carry out home improvements, raise a deposit to buy another property, buy a new car or treat yourself to a well-deserved holiday.

We are the experts and are here to help you …. Please contact us for more information.

 

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