Why should you review your mortgage?
By regularly reviewing your mortgage, you can ensure that you are never paying more interest than you need to be. To ‘remortgage’, simply means to move your mortgage from one lender to another to pay less interest and therefore reducing your monthly payments. If your mortgage is left unchecked, it could end up costing you thousands of pounds through unnecessary interest payments. If you are on, or about to go onto, your current lenders Standard Variable Rate (SVR) of interest, speak to a mortgage adviser to see what other options are open to you.
What options may be available to you?
Once you are at the end of your initial mortgage term you may have the option to:
- Stay with your existing lender and pay the SVR (this only benefits the lender)
- Complete a ‘Product Transfer’, which means finding a new product with the same lender (we can do this for you)
- Remortgage to a new lender on a more preferable rate
- Release money for home improvements
A mortgage adviser will be able to assess each of these options for you and provide you with the best solution, so that you always have peace of mind that you are not paying more than you need to.
What fees may be involved when remortgaging?
Why should you use a mortgage broker?
If you feel that you are paying too much for your mortgage, you are on the lenders Standard Variable Rate (SVR) or you are simply coming to the end of your current mortgage product, then it may be time to remortgage. By using a mortgage adviser, we can check the whole market and ensure that we find the best mortgage to meet your individual needs.
Not only will you end up with the best mortgage for you, you can rest assured that your mortgage will also be managed moving forwards, with regular reviews, meaning that you never end up paying more than you need to on your mortgage.
How can our mortgage advisers help?
- We can source exclusive broker deals not available on the open market
- We have access to a wide range of lenders, not just those on the high street, ensuring that we find the right mortgage for you
- We will update your mortgage offer, if rates change in your favour
- We liaise with the lender, solicitor and any other third parties to ensure that your mortgage goes through as smoothly as possible
- We are experts on the administration of mortgage applications, let us do the hard work so you don't have to
- We can arrange for a protection adviser to give you a call to discuss any Life Insurance needs you may have
- We can send a referral over to our Home Insurance provider to obtain you a competitive quote
- We can discuss your mortgage needs via Face to Face, Video, or Phone
- Appointments in York, Harrogate, Knaresborough, Leeds, Malton, Scarborough and London available
Speak to our mortgage advisers to see how we can help!