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5 Reasons to Remortgage Now

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If you're like most people, your mortgage will be your biggest financial commitment and your biggest monthly expense. The good news is, you may be able to make save £100's per month by remortgaging.

In fact, many financial experts are advising that NOW is the perfect time to remortgage - and here's why...

(Oh and if you're interested to know how much you could save then a simple phone call is all it takes. One of our expert advisers will be happy to support you - no matter what your circumstances.  Call us today on 01636 67 44 55.)

1) Interest Rates are Likely to Go up Soon

The Bank of England raised interest rates to 0.75% last year - which was only the second increase in a decade. However, they've indicated more increases are coming - with at least one planned for 2019.

By remortgaging now you may be able to secure lower fixed rates before the base rates go up.

2) You Want to Switch from an Interest Only Mortgage

Actually, your current lender should be able to make this switch for you without the need to remortgage. You may also be able to leave part of your mortgage as interest only and change the rest to capital repayment.

3) Your Current Deal is About to End (Or Has Already)

Once your current fixed rate ends, your lender will move you on to their Standard Variable Rate (SVR) and this will probably mean an increase in your monthly payments. A typical SVR is around 4.9% but borrowers who move to a short term fixed rate will get average rates of around 2.5%.

For a typical borrower with a £200,000 repayment mortgage, this equates to monthly savings of £257.30 compared with sticking with the SVR. 

4) The Value of Your Home Has Increased

If the value of your property has gone up a lot since you took out your current mortgage then you may qualify for a lower Loan to Value (LTV) band, which could mean lower rates are now available to you. 

If you think this might be you, then give us a call on 01636 67 44 55 and one of our advisers will be happy to check for you.

5) You Want a Better Rate

If you're unhappy with your current rate then don't feel like you're trapped! Even with early settlement fees, you may be able to save by remortgaging to a lower rate.  It's always wise to act with caution to make sure that the savings you make with your lower monthly repayment outweigh the cost of the repayment fee.

If you're not sure whether you can save money by remortgaging to a lower rate, then give us a call and we'll find the right solution for you.

HOW MUCH COULD YOU SAVE?

Call us today to speak to one of our friendly, expert advisers and find out how much you could save on your current rate.

(Or just complete the simple form below!)

Or just complete the simple form below! ⬇️

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Ellen King

Absolutely delighted with the service we received from Dean. The advice we received was timely and thorough; the service provided went above and beyond our expectations compared to other mortgage advisors we have used in the past and the whole application process was made straightforward and stress free. Overall, an excellent value for money service that I would highly recommend.


Ellen King

2019-09-04T15:53:10+01:00

Ellen King

Absolutely delighted with the service we received from Dean. The advice we received was timely and thorough; the service provided went above and beyond our expectations compared to other mortgage advisors we have used in the past and the whole application process was made straightforward and stress free. Overall, an excellent value for money service that I would highly recommend.

Miss Knight

We would like to take this opportunity to thank you for your efforts in making it possible for us to purchase our first property.  You have been brilliant and your services have been friendly, helpful, swift and professional.  We cannot thank you enough and it has been an absolute pleasure working with you.  What is known to be a stressful time has been very smooth and I have yourselves to thank for this.


Miss Knight

2016-03-22T17:24:36+01:00

Miss Knight

We would like to take this opportunity to thank you for your efforts in making it possible for us to purchase our first property.  You have been brilliant and your services have been friendly, helpful, swift and professional.  We cannot thank you enough and it has been an absolute pleasure working with you.  What is known to be a stressful time has been very smooth and I have yourselves to thank for this.

Mr L

Mr L hadn’t sold his house but had found the house of his dreams, we arranged a mortgage that allowed him to buy his new house without selling and a mortgage that was flexible enough for him to pay a large amount off when he sells his house.

2016-09-13T12:38:09+01:00
Mr L hadn’t sold his house but had found the house of his dreams, we arranged a mortgage that allowed him to buy his new house without selling and a mortgage that was flexible enough for him to pay a large amount off when he sells his house.

Miss G

Miss G sold her house and had found a new house, it all looked straight forward but she had a historical bankruptcy which meant lots of lenders were declining her. We found her a mainstream high street lender that would offer a mortgage even with her previous bankruptcy.

2016-09-13T12:43:22+01:00
Miss G sold her house and had found a new house, it all looked straight forward but she had a historical bankruptcy which meant lots of lenders were declining her. We found her a mainstream high street lender that would offer a mortgage even with her previous bankruptcy.

Mr W

Mr W works abroad but wanted to buy a buy to let property, most lenders will require him to own and live in in a mortgaged property in the UK, however we found a lender that would lend at sensible interest rates for a new buy to let purchase.

2016-09-13T12:48:10+01:00
Mr W works abroad but wanted to buy a buy to let property, most lenders will require him to own and live in in a mortgaged property in the UK, however we found a lender that would lend at sensible interest rates for a new buy to let purchase.

Mr C

Mr C wanted to buy a student house in Lincoln via a limited company to take advantage of the income tax benefits of this. He spoke with other brokers and high street lenders all of which said it wasn’t possible. We found a building society who specialise in this with sensible fees and interest rates.

2016-09-13T12:49:06+01:00
Mr C wanted to buy a student house in Lincoln via a limited company to take advantage of the income tax benefits of this. He spoke with other brokers and high street lenders all of which said it wasn’t possible. We found a building society who specialise in this with sensible fees and interest rates.

13 hours ago

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