Towards the end of your mortgage term, it’s recommended that you start looking at a Remortgage. This is where your Mortgage Advisor will look at your current deal and looks to help you switch to one with better interest rates.
If you’ve spoken to a Mortgage Broker in Newcastle like us, you’ll usually be sent a reminder around 6 months before your term is due to finish, in order to get the ball rolling ahead of schedule.
Remortgage rates mostly track the base rate of the Bank of England. At the time of writing, interest rates have been at an all-time low since March 2009. Those who are currently on higher rates may be able to transfer to a lower rate, saving them money on their monthly repayments.
No matter what type of remortgage advice you need, as a dedicated and committed mortgage broker in Newcastle, we will do all required to make sure that you end up with the best product available for your situation.
Whether you are looking to fix your mortgage interest rate for a new fixed period, needing to remortgage because you are separating/divorcing or just need to raise money by remortgaging, we are here to assist.
We will literally search through thousands of deals in order to find the best remortgage to suit your particular circumstances.
We are completely Open & Honest with our mortgage advice in Newcastle, if we can’t find you a better deal, or if the best solution is to stay with your current lender, then we will be sure to let you know.
No matter which of these categories you fall into, we will do all possible to assist.
Whatever your Remortgage requirements, our experienced mortgage advisors in Newcastle will help find you the best solution for your circumstances.
Contact us today to book your free remortgage consultation in Newcastle & see how we can help you.
We offer all our customers a free remortgage consultation. We understand the busy lifestyles of today that is why our free remortgage consultations with your mortgage advisor in Newcastle are available daytimes, evenings or weekends.
Our mortgage advisors in Newcastle have a wealth of knowledge when it comes to helping customers Remortgage. Whether you are looking to release equity or secure a better rate, we are ready to help you find the perfect Remortgage deal.
Always remember that as a mortgage broker in Newcastle, we are here to help you. Friendly, helpful and patient, whatever questions you may have with regard to your remortgage, these will be answered by our expert team.
We want you to feel happy and relaxed throughout the whole process. Check out our feedback at Reviews.co.uk to see what others have said about our facilities.
As your mortgage advisor in Newcastle, we are here to help you. Get in touch with us today and make a date for your free mortgage consultation.
Your chances of saving money go up if you are on your lenders SVR (Standard Variable Rate of Interest). A Mortgage Broker in Newcastle like us can compare the new products available against your current mortgage deal, in order to work out these savings for you. If you have equity in your property, a remortgage would also allow you to release some of this money if required. Usually, this is used for things like home improvements.
You can remortgage and increase the size of your mortgage to pay off any unsecured debts you may have. Please do not rush into this though as there are some downsides. We recommend that customers always seek Mortgage Advice in Newcastle before consolidating debts!
Your initial free remortgage consultation in Newcastle will last around 1 hour. We will then compare a new deal vs your current product and recommend the most appropriate one, with no obligation to you. You can then decide whether you wish to go ahead with the mortgage, or take a step back.
The fees will be similar to the ones involved when you started your current mortgage. However, your dedicated Mortgage Advisor in Newcastle will run through all of the fees with you. Taking these into consideration when comparing the savings of the new deal vs your current mortgage.
As your Mortgage broker in Newcastle, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.
It may be possible to get a second mortgage on your home in Newcastle for things like debt consolidation or home improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let. If you need to talk to a Specialist Mortgage Advisor in Newcastle, we are more than happy to have a chat about your second mortgage options.
If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price. If you are struggling to get a mortgage because of past credit problems, get in touch with your Mortgage Broker in Newcastle and we will see if we can try and help!
It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for Self Employed applicants. You will also need to produce proof of ID, address and 3 months’ bank statements before you can get accepted for your mortgage in Newcastle.
An initial telephone call where we take some details and look at your Remortgage plan.
A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!
We will search and compare 1000s of products to find you the most appropriate deal.
Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property!
Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.
Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.
