Remortgage Advisor & Broker
The majority of people speak to a remortgage advisor on more than one occasion during the term of their mortgage for a number of reasons; to find a better deal and save money, raise more finance for home improvements or just to consolidate other loans.
Understanding the remortgage process
Remortgaging can be a smart financial move, whether you’re looking to reduce your monthly payments, switch to a more favourable rate, or release equity tied up in your home. At Your Mortgage Shop, we understand that your financial needs and circumstances can change over time, and we’re here to help you navigate the remortgaging process with ease.
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 depending on the particular 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 preferential rate that was experienced in the beginning. This is the time to get in touch with a remortgage broker so you can look around to see if there are any better mortgage products available.
How our remortgage advisor can help
Switching your mortgage to a new deal could save you a significant amount of money, especially if your current fixed-rate period is ending or you’re on a variable rate. Our expert remortgage advisor will assess the current mortgage you have and compare it against the latest deals on the market as well as help you find a suitable solution that is compatible with your goals, both financial and private. Your Mortgage Shop has access to and works with a variety of different lenders so we can ensure you get access to the most competitive rates that are available.
In addition to potentially lowering your interest rate, remortgaging can be an opportunity to access additional funds to help you with home improvements or debt consolidation by releasing equity from your property. Our remortgage advisor will go through the different options with you and make sure you understand the implications and benefits of all the options so you can make a more informed decision that aligns with your future plans and goals.
Get in touch
Our commitment is to make the remortgaging process as straightforward and stress-free as possible. From your initial inquiry through to completion, we handle all the details, providing clear, honest advice and keeping you informed at every stage. The process is much easier than people think. Let our remortgage advisor and broker do the work for you, examining your current deal and letting you know exactly what options are available to you.
Our mortgage calculators can give you an idea of the mortgage level that may be available to you as well as your likely repayments.
Remortgage FAQs
Remortgaging is when you switch your current mortgage deal to a new one with either your existing lender or a new lender. If you are looking at switching your mortgage, our remortgage advisor will help you secure one with better interest rates and will guide you through the different options there are to help reduce your monthly payments or fund home improvements.
The best time to connect with our remortgaging broker is towards the end of your current mortgage’s fixed term, helping you avoid early repayment fees. Reaching out to us at least six months before your term ends allows you time to secure the best deal.
Yes, our remortgage advisor can still help you even if your financial situation changes. It may, however, have an impact on your deal options but our qualified remortgage advisors will assess certain factors like your income and credit score to try and find a solution that will best fit your current needs.
Most lenders require a property valuation to confirm your home’s current value, especially when remortgaging. Our remortgaging broker can help coordinate this process, with some lenders offering free valuations as part of the remortgage package.
Remortgaging often includes arrangement fees, valuation fees, and legal costs. Our remortgage advisor can help you find options with fee-free deals or cashback, ensuring that you understand the overall cost of switching and any potential savings.
Mortgage Quote Calculator
Mortgage applications are subject to status. The rates detailed are for illustrative purposes only and may not be applicable for your circumstances. Our advisors will be able to discuss the full range of products on offer that suit your criteria.
Affordability Calculator
This illustration is not a quotation under the Consumer Credit Act. Any figures quoted are subject to validation of income, credit checks and a property valuation. View our latest mortgage rates on our home page to find a selection of mortgage products. Alternatively, let one of our mortgage experts handle it for you. They’ll find the right mortgage for you and manage the process from start to finish.
Insurance
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