Remortgage Advice Bournemouth

There are various reasons why people look to remortgage, from releasing equity to pay for home improvements or consolidation of debts.

Or it could be that they simply want to get a better rate of interest and save money.

An optimum time to look at a remortgage in Bournemouth would be between 3-6 months.

This should give us ample time to look at the current deals available and get you switched over just in time for your last deal to end.

Yes, you can remortgage and release equity to pay off any unsecured debts. This is quite a complex situation therefore it is always best to seek professional mortgage advice in Bournemouth prior to securing any debts against your home. As in the long run, you are likely to end up paying more interest, although your initial monthly payments can often be much lower.

You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.

Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.

Yes, it is possible for a landlord to remortgage their buy to let property. This is something that we frequently come across and can help with.

Whether it is to secure a new deal or you are looking to release equity to fund home improvements or a new investment purchase.

As a homeowner you will probably remortgage several times in your lifetime, there is no restriction on the number of times that you can remortgage.

If you are still in your lenders’ fixed, introductory or discount period then there may be some early repayment charges to pay should you wish to settle early.

As a mortgage broker in Bournemouth, our mortgage advisors will be able to help you compare deals and look at what is and isn’t; suited. Whether it be the right option to stay on your lenders’ standard variable rate or transfer to a product with your existing lender rather than remortgaging. Our advisors will always be open and honest and inform you of the correct choice for your individual circumstances.

With over 25 years of providing open and honest remortgage advice, we have helped 1000s of customers secure new deals and achieve their remortgage goals.