Let us find you the Best Remortgage Deal for you

You don't have to move house to move your mortgage

If you currently have a mortgage, then the chances are you are paying too much. Many people forget to reconsider their mortgage circumstances after their initial discounted or fixed rate product. Save your self some time, let us find the best remortgage deal for you

There may be many reasons why you wish to re-mortgage - you may want to raise some capital for home-improvements, conservatory, School fees, a business purchase, that dream boat or it can simply be an effective way of releasing extra cash.

A remortgage could also assist you with a Divorce Settlement in order to release equity from the home and also to release the other party from mortgage.

A remortgage should offer

• Lower & discounted mortgage interest rates
• Reduction of your monthly mortgage outgoings (these will vary on individual circumstances)
• consolidation of existing loans into one easier-to-manage monthly mortgage payment
• release of equity in your house or flat for a new car, home improvements, luxury holiday etc.
• no restrictions on what you do with any extra cash raised

Benefits of a remortgage

Remortgaging can allow you to get a better rate of interest and reduce your monthly mortgage payments or even offer you a better product over the longer term.

A remortgage allows you to consolidate existing loans to one manageable monthly payment or raise money to buy a new car or home improvements.

Homeowners who want to raise money for home improvements, buying a car or other purposes often find that a remortgage to raise the money is cheaper than taking out a personal loan or using credit cards. This is because interest rates on mortgages are amongst the lowest of all the different types of loans.

Homeowners may wish to raise money to consolidate other debts. By taking advantage of remortgaging your property you could transfer several debts into one more easily manageable remortgage.

This means you can replace credit card bills, personal loans and other loans with one lower interest rate remortgage and spread lower payments over a longer period.

Some disadvantages of a remortgage

You may have fees to consider, such as Booking fees, Valuation fees and or Solicitor fees. Some lenders offer packages to offset this or cover the cost for you

Changing your direct debits and payment details can be a hassle. We will try and make this as pain free as possible

It can sometimes take longer to remortgage than to change products with your current lender. We can advise you on the benefits/disadvantages on your individual circumstances.

By adding loan or credit card balances to your mortgage, yo are placing previously unsecured debt against your home.

Adding existing debts to your mortgage over a longer period could increase the total amount that you'll pay

If you are having payment difficulties on your exiting debt it may be better for you to negotiate an arrangement with your current credit provider to repay them rather than add debts to your mortgage.

Please contact us or call on 0800 037 8432 to discuss your requirements.

 Remortgage Broker Devon - Exeter, Newton Abbot, Teignmouth, Torquay, Torbay, Paignton, Plymouth and other towns/villages in the Westcountry.