A remortgage broadens your horizons. It can help you to switch to another mortgage product that has lower repayments, and it can give you access to large amounts of capital. If your current mortgage is coming to an end, or if you feel like the market has changed and you can get a better deal, then it’s worth looking into one.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
However, as much as there are many benefits to a remortgage, you must think carefully about taking out additional borrowing against your home. It is important to seek the advice of an expert before making a choice.
We pride ourselves on helping homeowners like you make the right decision. One that will benefit you and your family in the long term, and here’s how we do it.
For many people, a mortgage is the biggest loan they’ll ever take. Thankfully, it’s a loan used to help us finance one of the best purchases of our lives; a home where we can raise our family.
When dealing with such large amounts of capital, it’s important to make the right decision. Doing so could leave you with more money in your pocket each month, or enough liquid cash to buy a second property.
However, if you don’t seek the right advice, you could take out the wrong product, losing money each month and ending up in a worse position.
We’re here to guide you towards a solution that leaves you financially and mentally better off, with more money to go on holidays or treat the ones you love.
Whether or not you should remortgage depends on your circumstances. For example, the value of your house might have increased, allowing you to borrow more money. On the other hand, you might have a great deal with your current provider and taking out a second loan would do nothing to benefit you.
Many people shy away from remortgaging because they don’t understand it, or they worry about debt. However, remortgages are not designed to be scary! They exist to help you save money and find a better deal.
If you’re on the fence about what to do with your home, contact us today. We’ll work to understand your situation and provide a solution that works for you.
By consolidating debts onto your mortgage you could end up with lower monthly payments, but will pay more in interest over the longer term.
It is our duty to help you make a decision that will benefit you and your family for years to come. It’s why we offer a free initial consultation to all our clients. It’s important we understand your situation before providing any advice.
By booking a consultation with us, we’ll be able to tell you if there are any early repayment charges on your current mortgage, or if there are any finance options available that will save you a good chunk of cash.
Book your free initial review with one of our friendly advisors by filling out our contact form above.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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