When your fixed period comes to an end, you will then be in the market for a remortgage.
Remortgaging is where you switch your mortgage from one lender to another. Usually, this occurs every few years to ensure that you are on the best deal possible.
In some instances, when people remortgage, they will look to release some of the equity they have built up.
This can be various reasons, such as home improvements or gifting money to a family member to put towards a deposit. monthly payments will be.
If you are a buy to let landlord in Bournemouth, you may be looking to remortgage your investment properties, again to fund home improvements or for a deposit towards portfolio additions.
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It is always a good idea to start shopping around for your remortgage deal early, you can start the process up to 6 months prior to your existing deal ending.
Seeking remortgage advice in Bournemouth early will hopefully stop you from lapsing onto your lenders’ standard variable rate of interest, which usually sees your monthly payments increase.
Whatever your reason for remortgaging in Bournemouth, book your free remortgage review today. Our mortgage advisors in Bournemouth will be happy to help you look over your options and find you a better deal.
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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.
We provide remortgage advice 7 days a week in Bournemouth to fit busy lifestyles. We work around you.
All our customers are provided with a free remortgage review that has no upfront fees. You pay us upon mortgage success in Bournemouth.
As part of our remortgage advice service, we provide you with dedicated experts including a mortgage advisor in Bournemouth to keep you up to date.
We understand that the whole home buying and remortgage process can be daunting. We will be by your side every step of the way. Taking as much stress away as possible.
We'll recommend appropriate insurance products, ensuring you can stay at home in Bournemouth, should you become seriously ill or unable to work.
As a mortgage broker in Bournemouth, we can find the cheapest remortgage deal for you, saving both your time and your money.
Our experience allows us to deal with a variety of scenarios, therefore, it's very likely that your dedicated mortgage advisor in Bournemouth has already come across your situations before and knows the best solution.
When a customer contacts us for remortgage advice in Bournemouth, our team will help them overcome any mortgage hurdles.
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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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