What is remortgaging and are you in a position to do it?
Rethinking your mortgage to ensure you’re on the best deal.
Things to consider when looking to remortgage to release equity.
What is a flexible mortgage and how does it work?
Advice from our experts on the most frequently asked remortgaging questions.
One of the main benefits of remortgaging is the savings you could make. By moving to a new lender, you could get a different mortgage type or interest rate for your current home or for a property you are planning to move to. Although many people wait until the fixed term of their existing mortgage expires, it’s worth reviewing your rates and repayment terms regularly to find out how much you could save by switching.
Reasons you may want to remortgage:
At PWM, our expert mortgage advisers will take the time to get to know you and your personal situation. Then we will look at a range of criteria related to your individual circumstances to determine how you would benefit from changing your mortgage. This can include increasing or decreasing your repayments, switching to a fixed, variable or interest-only mortgage, and helping you to release some equity. We will assess your entire financial situation, including the amount you are currently paying, how long it will take you to pay down your loan, any plans you have for the future and the risks you might face along the way.
We’ll advise you on the best course of action, not just in terms of your remortgage, but also aligned with your financial goals.
Our friendly qualified mortgage experts work with clients throughout their lifetime, from a first-time buyer to retirement planning and equity release. For you, this means we gain a better insight into your personal circumstances – where you are now and where you want to be in the future. So rather than simply providing you with a list of rates and lenders, we take the time to get to know you and offer a mortgage strategy that helps you live the life you want. We are authorised and regulated by the Financial Conduct Authority (FCA) and are members of the Equity Release Council (ERC), the industry body for equity release mortgages, so you’re in good hands.
There may be times when severe debt, missed credit card payments or poor financial management reduces your chances of securing a mortgage or manageable repayment terms. If this is the case, you’ll be pleased to know we offer discreet, honest and impartial guidance on how you can move on, renegotiate or remortgage with bad credit.
Whatever your reasons for remortgaging your property, contact us for a FREE, no-obligation chat at Private Wealth Mortgages on 01403 270006 or email: info@privatewealthmortgages.co.uk
*Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage*
Planning ahead? Making a property purchase? Use this mortgage calculator for an indication of what your monthly repayments could be.
Our system automatically calculates the amount of money you will be required to repay each month on your mortgage based on the information you provide. This information varies depending on factors such as the interest rate charged, the amount of deposit you pay and length of your mortgage term. We recommend you also speak to us to get a more precise figure. We have the experience to guide you through the mortgage application process, asking the appropriate questions that we know are important to lenders. This will give you a more accurate estimate of your monthly mortgage costs.
