Remortgage
Independent Mortgages And Financial Solutions Ltd offers expert mortgage advice tailored to your needs.
Independent Mortgages & Financial Solutions ltd
When you remortgage, you are switching your mortgage to another deal, and frequently, another lender.
Remortgages can be used for various reasons. However, most people simply switch mortgages because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender; therefore you could potentially get a new discount rate, or a lower APR, with another lender. Another example is when you may need to re-mortgage to consolidate debts.
It is worth noting that a remortgage is not the best option in all cases. Even if the lender you are considering switching to is offering a lower APR, you must take into consideration the facts that:
The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage with your current lender.
If you switch mortgage remember to look at the overall repayment period. You may be able to pay less monthly, but check the final repayment date of the mortgage as well.
- You may have to pay an early repayment charge to your existing lender if you re-mortgage.
- If you are a heavy internet user, check to see that broadband or other high-speed internet is available in the street you are moving into. The selling agent should be able to tell you this.
Also, you may be able to switch your mortgage deal with your current lender, avoiding any unnecessary costs. Many lenders will allow you to switch your mortgage deal reasonably frequently.
It’s important that before you make any decisions, you speak to a remortgage specialist to discuss your options.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Debt consolidation is not always the most suitable option, consolidating debts must be carefully considered. It will usually mean more interest over a longer repayment term and there may also be early repayment penalties on your current mortgage, you should think carefully before securing other debts against your home. There are other ways to manage debt such as free debt advice charities, you can find out more by contacting the Money Advice Service.
These services may be more suitable for you
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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We’re a small mortgage lender with long-standing relationships.
We are a Small Friendly Efficient Team of Mortgage Advisers with building long term great client relationships at our heart.
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Flexible, adaptable, and adjustable plans to fit your needs.
We normally charge a fee for mortgage advice, however this will be dependent on your circumstances.
The information given in this website does not contain all of the details you need to choose a mortgage. Make sure that you read the separate key facts illustration before you make a decision. The FCA does not regulate some forms of buy to let mortgages.
If you have a complaint or dispute with us, you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us either in writing, by telephone or email. Please be assured we treat complaints seriously. For your protection if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (FOS).
Independent Mortgages And Financial Solutions Ltd is directly authorised and regulated by the Financial Conduct Authority. FCA Register No 480536. Registered in England and Wales No: 05083705. Registered Office: 62 King Street, Norwich, Norfolk, NR1 1PG. Calls may be recorded for training and monitoring.
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We normally charge a fee for mortgage advice, however this will be dependent on your circumstances.
The information given in this website does not contain all of the details you need to choose a mortgage. Make sure that you read the separate key facts illustration before you make a decision. The FCA does not regulate some forms of buy to let mortgages.
If you have a complaint or dispute with us, you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us either in writing, by telephone or email. Please be assured we treat complaints seriously. For your protection if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (FOS).
Independent Mortgages And Financial Solutions Ltd is directly authorised and regulated by the Financial Conduct Authority. FCA Register No 480536. Registered in England and Wales No: 05083705. Registered Office: 62 King Street, Norwich, Norfolk, NR1 1PG. Calls may be recorded for training and monitoring.
To view our Privacy Statement, please click here. To view our Cookies Statement, please click here