Remortgages
When and why you should Remortgage?
At Best Mortgage Direct we like to help make remortgaging simple. We help you understand why you might remortgage, when to remortgage and any costs that may be involved. We have developed a step by step guide below on how, why and when.
There are a number of reasons you might want to remortgage your home, including:
When should I remortgage?
You should think about your financial situation and see if your mortgage is still working for you.
Set a reminder to look at your existing mortgage at least 4 months before your current deal expires.
Get your broker to check your old mortgage offer and paperwork. If you switch before your current mortgage deal has expired, you may be charged penalties but there is nothing to stop you having a new mortgage in place ready to start the day after your existing deal ends.
How to remortgage?
Now you know why and when you should remortgage, how do you do it.
Speak to a Mortgage Broker and make an appointment. They are here to help.
Get out your old paperwork and find out when your fixed rate is due to end, how much you are paying monthly and what is the term you have left.
You mortgage adviser will be able to help work out all ins and outs and see if remortgaging will save you some money. We will consider all lenders we have access to following an assessment of your personal needs and circumstances.
Ask your broker if your existing lender has any Product Transfers they can switch you on to. You may want to stay with your existing lender and they can simply move you on to a new rate without all the hassle of moving lender.
At Best Mortgage Direct we do all appointments online and over the phone, fast and simple, no complicated jargon, no waiting. Chat 7 days a week.
Any questions then why not call us on 0131 463 5678 or use our quick contact form below, to see how much you can save. We look forward to hearing from you.
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