Category: Remortgage

Remortgage

Set for a rate reduction when you remortgage? How best can you use the money you save

For many homeowners who locked into deals during the interest rate peak of 2022 and 2023, the next remortgage may finally bring some relief. If rates have dropped since you fixed, you could find your monthly mortgage payments going down. That extra money in your pocket can be a welcome change, but the question is: [...]
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Remortgage

Product transfer v remortgage: what’s right for you?

When your mortgage deal comes to an end, it’s natural to wonder what’s next. Should you stick with your current lender and switch to a new deal—or explore what other providers have to offer? Understanding the difference between a product transfer and a remortgage is the first step. And with expert advice, you can turn uncertainty into confidence. What [...]
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Remortgage

Time to remortgage? Why it’s important to speak to an adviser to find the right deal

If your mortgage deal is coming to an end, you’re not alone. Thousands of homeowners are fast approaching the end of their fixed terms, and for many, that brings a crucial question: is now the right time to remortgage? With interest rates rising sharply over the last couple of years, this is no longer a [...]
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Remortgage

Can I borrow more money when I come to remortgage?

When your fixed rate ends, remortgaging is not only a chance to potentially secure a better deal, but it can also be an opportunity to borrow additional funds. For some homeowners, this can be a way to finance big plans, from home improvements to helping your own children onto the property ladder. But how much [...]
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Remortgage

Busting remortgaging myths. Your circumstances have changed – will you be able to remortgage?

We all know life doesn’t stay the same. Our jobs, our relationships, our financial circumstances, they all evolve over time. So if our lives are constantly changing, why should our mortgage stay the same? Your life may have completely altered since you last remortgaged. You might be earning more or less than before, earning from [...]
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Remortgage

How does a remortgage work?

WRITTEN BY KIRSTY TELLING21ST JUNE 2022 How does a remortgage work? A remortgage is the process of moving your home’s existing mortgage to one with a new lender. Remortgaging could help you save money if you weigh up the fees involved with the savings you could make. Here’s how it works. People remortgage for many [...]
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Remortgage

Remortgage completions up 108%

The volume of remortgage completions rose by 108% in September, according to the LMS Monthly Remortgage Snapshot. Instruction volumes also increased, rising by 50% over the same timeframe. The overall cancellation rate rose by 0.43% to 5% and pipeline cases increased by 7% in last month.  Purchase search volumes hit lowest level since May 2020 [...]
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Financial Advisors, Remortgage

Mortgage borrowers could overpay by £2,500 by not shopping around

Mortgage borrowers could be paying £2,500 more than they need to if they fail to refinance and allow their loan to revert to a lender's standard variable rate (SVR). According to research from L&C Mortgages, the amount borrowers could be overpaying has increased from £2,159 last year to £2,540 this year as average rates continue [...]
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