Why should I remortgage my home?

6th May 2020

There are a number of reasons why people choose to remortgage – the most popular reason is to borrow at a lower interest rate than your current mortgage deal. If you have a fixed-rate mortgage deal that’s coming to an end or you’ve already moved to your lender’s follow-on or standard variable rate, a remortgage can enable you to benefit from a lower rate. Likewise, if your home is worth more than when you bought it, your loan-to-value (LTV) ratio could mean you’ll have access to much better deals.

If you need to raise money for home improvements or a big purchase, a remortgage can release the funds to help make it more affordable. You might want to take advantage of low interest rates to consolidate your debts and make a single, affordable monthly repayment.

It may be that your work, family or financial circumstances have changed and you need to switch to a new mortgage product that reflects your new situation – a remortgage can be a great financial move for homeowners.

Remember that a remortgage as with any mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

If you’d like to find out more about remortgaging your home, talk to our team of expert mortgage advisers and we’ll go through your options with you and find a product and a rate that’s the right fit for you. Call us on 08454 500200 or click here to make an enquiry.

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Have just secured a mortgage, with the help and expertise of Rob Ferguson in the Alton office, and supported by Cara Simpson-Hayter. From the very first conversation with Rob, I felt that he was out to ensure he got us the best deal he could. The face to face consultation was very informative and the one thing that really shone through was his transparency and integrity. Something that will definitely have us going back again when the current deal will be up for renewal in a few years time. This guy knows what he is talking about, he took the time to look at the best options for us and to ensure that with a prior credit history 'blip', he managed to secure a deal that was much more competitive than any of the high street lenders for those with perfect credit history. All the time, Cara has been there in the background. Regularly keeping me up to date with progress and when anything else was needed she was super efficient in getting the info to the lender. Buying a house can be a pretty stressful time, especially securing the mortgage, but I simply cannot rate Rob and Cara highly enough as they really took a lot of the stress away. I felt completely reassured from the very start that we would be looked after, and they certainly lived up to my expectations and more. My sincerest thanks to you both.

Raymond M

April 2020

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