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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Having used charters to secure our first mortgage in 2018, we’ve returned to them to secure our first ever remortgage this year. We had such a great experience with them as first time buyers, that we’ve become back to them again - and I’m so happy we did. This time Robert Ferguson has looked after us to get the deal we wanted. He’s patient, informative and he delivers a service that has been nothing short of excellent. The whole process as been made as stress free as possible, during what is quite an uncertain and unnerving economic time. Rob took us through a number of options in accordance to our needs and found us a fantastic product that we are very happy with. Once application had been submitted, having secured a fantastic rate, we were then looked after by Cara Simpson-Hayter. Cara has been absolutely fantastic and has kept us informed through every step of the application process. She has chased up various parties to get the info we needed and to speed the application along with the lender. Cara is incredibly efficient and effective and has been truly wonderful throughout. Both Rob and Cara have addressed all our concerns and answered ALL our questions (there were a few having only gone through this once before!) leaving us feeling confident and at ease the whole time. Again the service that has been provide has been thoroughly excellent, we couldn’t be in better hands. Thank you so much for making this such a painless process in what is quite a stressful time! We cannot recommend Charter’s enough and we will definitely be using them again in future! Thank you Rob and Cara!!

Oliver & Caroline H

June 2020

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