The easy way to get a remortgage
Searching for a mortgage is as easy as 1-2-3! Apply today for a free, no-obligation quote.
Apply online or call us free on 0800 195 2913. Our team of finance specialists will take it from there.
We'll search our panel of preferred lenders to find a mortgage that meets your requirements.
We'll call you and talk you through the mortgages found. Make your choice and we'll do the rest.
Remortgage to consolidate your debts
If you're struggling to pay off lots of unsecured debts, a debt consolidation mortgage could be the ideal solution for you. You could take out a new mortgage that's big enough to pay off your original mortgage and your other debts.
You'd owe more to your mortgage provider, but you'd wipe out your other debts.
You could dramatically lower your monthly payments, since your remortgage will probably come with a much lower APR than your unsecured debts. Plus, you could make your monthly finances a lot simpler, as you'd have just one repayment to make – your mortgage.
It is important to remember that spreading your payments over a longer term could mean that you pay more in the long run, and there are risks involved in adding other debts to your mortgage as you risk losing your home if you don't keep up with your payments
Remortgage to free up cash for home improvements
A remortgage could be a great way to access your equity – the money tied up in your home.
Equity equals value of home minus value of outstanding mortgage / secured loans. In other words, equity is the value of the part of the home that's already yours.
For example, if your home is worth £100,000 and you have a £70,000 mortgage, you own £30,000 of equity and a remortgage could let you turn some of that £30,000 into cash.
Remortgage at the end of a good deal
When you reach the end of a fixed-rate, discounted or capped deal, you'll probably start paying the lender's standard variable rate (SVR), which is often 1-2% higher.
It makes sense to check out your options before this happens. You need to find out how much more that SVR deal would cost you, and how much you could save by switching to a new fixed-rate, discounted or capped deal.
But before you make any decisions, you should talk to a mortgage adviser about the costs involved – any early repayment charges you'd incur by leaving the old mortgage, as well as the cost of taking out a new mortgage.
If the savings outweigh the cost, it's probably worth remortgaging.
To talk to one of our specialist mortgage advisers, call us today on freephone 0800 195 2913