Remortgaging Advice and Broker Services
Remortgaging is when you switch your current mortgage for a new mortgage. The purpose of this is to get a better deal, which often means securing a lower rate of interest on the loan. However, there could be other or additional reasons to remortgage, such as receiving improved repayment terms or cashback.
Homeowners with an existing mortgage need to review their existing loan against other options frequently. Remortgaging at the right time can save thousands of pounds, and it could mean paying off your mortgage years earlier.
Who is suitable to remortgage?
Remortgaging is usually possible for all homeowners with an outstanding mortgage and adequate home equity. The important part is working out if you can benefit from remortgaging. Some people may already be on the best deal for their circumstances, but this should be confirmed by a financial adviser. You’re most likely to get a better mortgage deal if your fixed-rate mortgage is coming to an end.
Who is suitable to remortgage? (continued)
Another situation when you may be suitable for a remortgage is when you have built up significant home equity and wish to access some of this equity as cash by remortgaging. However, there could be better alternatives in this situation, such as a second-charge mortgage instead. An experienced adviser will assess your circumstances to provide a tailored solution.
Key considerations before remortgaging
Some of the key considerations before remortgaging are:
- Do you have enough home equity to remortgage? This shouldn’t be an issue unless you’ve secured your home with other debts, or the property has decreased in value.
Key considerations before remortgaging (continued)
- Will you have to pay early repayment charges on your existing loan, and do any fees make remortgaging not worthwhile? Remortgaging requires you to pay off your initial mortgage earlier than planned, which could trigger costly repayment fees.
- Will your credit score and credit history allow you to remortgage easily?
- What type of mortgage do you wish to switch to? An adviser can explain the different options and how they will benefit you.
Benefits of remortgaging advice and broker services
You might get a better mortgage deal by remortgaging with an adviser and broker on your team. Not only could the end result be better, but the process could be quicker, smoother and less stressful.
Using a broker to arrange your remortgage allows you to offload the heavy lifting to a professional who knows the market. After considering your needs and preferences, including calculating fees and early repayment costs, they will look for the most suitable and advantageous options only.
Taylor James remortgaging advice
Book your consultation with a Taylor James remortgaging adviser now. One of our professional financial advisers will assess your circumstances and explain how you could save by remortgaging.
Call us today for a no obligation chat about planning your financial future.
Call: 0203 859 3320
Email: contact@taylorjamesfs.co.uk
Please note:
- Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
FAQs
Mortgage advice is provided by qualified financial advisers to help the client find and secure the most suitable loan to buy residential or investment property. The mortgage adviser will take into account the client’s individual circumstances to discuss mortgage options. The adviser will then search the mortgage market to identify real-time suitable options and make an application. Thus, mortgage advice usually includes mortgage brokering services to provide a holistic and convenient service from start to finish.
There are several benefits of using a mortgage adviser. A mortgage adviser can provide clarity to clients which should make the process of getting a mortgage more efficient and less stressful in some cases. They can also help people with unique situations find options when the client may have believed it impossible. Moreover, the mortgage adviser could ensure the client secures the most beneficial type of mortgage for their situation and preferences, perhaps avoiding costly mistakes. Some mortgage advisers can secure better rates and deals due to their connections.
Mortgage advisers can help people seeking a mortgage with bad credit in different ways. Our advisers can provide advice to clients on how to improve their credit rating and therefore improve their chances of getting accepted for a better mortgage deal. We can also search for lenders that are more willing to provide credit to applicants with a below-average credit history. Every situation is different and there are never any guarantees but we have helped people with bad credit to get a mortgage. Speak to our team to learn more.
Taylor James welcomes all clients to use our mortgage advice services, including those that may have unique situations. Whether you have multiple income streams or other complex issues regarding pay and employment, it’s unlikely that we won’t have seen your situation before. Our advisers can assist in finding the right lender swiftly, including support regarding providing evidence and other possible application process hurdles. Don’t put off seeking a mortgage due to a non-standard situation and speak to our team today.
FAQs
Mortgage advice is provided by qualified financial advisers to help the client find and secure the most suitable loan to buy residential or investment property. The mortgage adviser will take into account the client’s individual circumstances to discuss mortgage options. The adviser will then search the mortgage market to identify real-time suitable options and make an application. Thus, mortgage advice usually includes mortgage brokering services to provide a holistic and convenient service from start to finish.
There are several benefits of using a mortgage adviser. A mortgage adviser can provide clarity to clients which should make the process of getting a mortgage more efficient and less stressful in some cases. They can also help people with unique situations find options when the client may have believed it impossible. Moreover, the mortgage adviser could ensure the client secures the most beneficial type of mortgage for their situation and preferences, perhaps avoiding costly mistakes. Some mortgage advisers can secure better rates and deals due to their connections.
Mortgage advisers can help people seeking a mortgage with bad credit in different ways. Our advisers can provide advice to clients on how to improve their credit rating and therefore improve their chances of getting accepted for a better mortgage deal. We can also search for lenders that are more willing to provide credit to applicants with a below-average credit history. Every situation is different and there are never any guarantees but we have helped people with bad credit to get a mortgage. Speak to our team to learn more.
Taylor James welcomes all clients to use our mortgage advice services, including those that may have unique situations. Whether you have multiple income streams or other complex issues regarding pay and employment, it’s unlikely that we won’t have seen your situation before. Our advisers can assist in finding the right lender swiftly, including support regarding providing evidence and other possible application process hurdles. Don’t put off seeking a mortgage due to a non-standard situation and speak to our team today.