The majority of people remortgage during the course of their lending cycle, either to find a better deal and save money, raise more finance for home improvements or just to consolidate other loans.
The majority of mortgages begin with some form of incentive; whether it be a fixed rate, tracker or discounted period. These incentive periods usually last for between 2 – 5 years dependant on the product. At the end of this period a mortgage will usually revert to the lender’s standard variable rate which can be higher than the initial preferential rate. This is the time to look around to see if there are any better mortgage products available.
The process is much easier than people think. Let one of our experienced advisors do the work for you, examining your current deal and letting you know exactly what options are available to you.
Contact us and provide some basic personal information and one of our advisors will start the process of searching to see if there is another deal on the market that suits your needs.
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.