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Hot Topics
- How Much Can I Afford?
- You have to be very careful when buying a house to be sure that you will be able to afford the monthly mortgage repayments – as you risk losing your home completely if you find you simply cannot afford it.
- Company Directors
- Are you a company director and looking for a mortgage, or remortgage to refinance your home? Our mortgage partners can arrange a mortgage for directors and the self employed, even those with less that two years accounts & low profits.
- Is There Any Way I Can Lower My Monthly Repayments Without Switching Mortgages?
- If you find that you cannot afford your monthly mortgage repayments and do not wish to switch your mortgage to another lender – then you will need to negotiate new terms with your existing lender.
- What are 100% Mortgages?
- Most mortgage lenders will only offer a 90% loan to value, that means that they will only loan you 90% of the properties value. First time buyers find this particularly problematic because they need to save up there 10% of the properties value before they can complete on their mortgage.
- Low Setup Cost Mortgages
- When you apply for a mortgage and to buy a property, there are certain initial costs that are, on the whole, unavoidable.
What Is A Remortgage?
‘Remortgage’ is basically the term for switching your mortgage to another mortgage lender.
It’s all about saving money, and that’s why people remortgage, because they have found a cheaper mortgage deal somewhere else. Remortgaging does not necessarily mean that you have to change your lender however, your lender may offer you a more attractive deal and you might stay with them - this is still remortgaging as it will be a new arrangement.
It’s always a good idea to look out for good remortgaging deals - even a 0.5% improvement in interest payments can result in large savings each year. Be aware however that you could be liable for a range of costs including set-up costs (including any high loan to value premium), ongoing interest charges and any changes, and redemption charges on your existing mortgage.
The good thing about remortgaging is that the process is a lot quicker than the first time around. Get all your paperwork ready including bank statements, salary details, existing mortgage statements and proof of identity documents and anything else you are likely to need - and you should have a new mortgage within four to six weeks.
If you are interested in saving money by remortgaging simply click on request a quote, complete the details and a mortgage adviser will phone you back to discuss your options and find you a great deal.
- How much can i afford to borrow ?
- How long are mortgages usually for ?
- How Do I Prove My Income?
- What happens if we have a join mortgage but one of us wants to leave ?
- How Is Interest Calculated On a Mortgage?
- Will I Have To Pay An Arrangement Fee And How Much Will It Be?
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