When you take out a remortgage in Canterbury, you will be taking on a brand new mortgage with a new lender, on the same property you already own. Most homeowners will make a point of looking to do this every couple of years, to ensure they are on the best deal that is currently available to them on the market at that time.
We often see customers taking the opportunity to raise capital as well when they are remortgaging their home, typically with a view to fund any potential home improvements that they have planned on their property, as well as to potentially consolidate any debts against their home.
If you happen to be a buy to let landlord, remortgaging a buy to let property in order to raise some capital can be a very useful way to raise the funds for any potential home improvements on properties in your portfolio, as well as using any equity that is currently sat within the property as a deposit for any potential future properties to add to your portfolio.
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Typically speaking, a homeowner will have the ability to remortgage their current home around 3-6 months before their current mortgage deal is about to end.
We would always definitely recommend that those who are in the market to take out a remortgage in Canterbury get in touch for remortgage advice in Canterbury with a remortgage expert as soon as they can. This is to make sure that you are not going to fall onto your lenders standard variable rate without warning, as these will most likely include higher monthly payments, that you otherwise may be able to avoid paying.
Book online using our online booking feature, in order to benefit from speaking to a trusted and experienced mortgage broker in Canterbury about the options you have for a remortgage in Canterbury. One of our expert mortgage advisors in Canterbury will do their best to ensure this time around is quicker and smoother than the first time.
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There are many reasons as to why a homeowner may want to take out a remortgage on their home, from releasing any equity that is sitting in their home as a way of funding potential home improvements, to consolidating any debts that they have.
Oftentimes, however, the reasoning is much more simple, with many homeowners remortgaging to gain a better rate of interest.
We would advise homeowners to start looking at remortgaging their home around 6 months prior to their mortgage deal coming to its end. In doing so, you’ll hopefully have enough time to enquire for remortgage advice in Canterbury and find a new mortgage in advance of that mortgage deal ending.
You may potentially have the option of remortgaging in Canterbury in order to pay off any unsecured debts that you have in your name.
If there is not enough equity sitting within your home, whilst debt consolidation itself may not be a viable option, you could remortgage for a better rate, hopefully reducing your monthly outgoings on that front and giving you more income to put towards paying off those debts a little quicker.
We would always highly suggest that you speak with a specialist mortgage advisor for remortgage advice in Canterbury prior to securing any debts against your home, as whilst your monthly outgoings may be less, you will be paying back more interest overall.
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, may have the option of remortgaging a buy to let property in your portfolio if you are a buy to let landlord. We find regularly that landlords will want to take out a remortgage in Canterbury, as a means of funding potential home improvements or to put down a deposit on a new property in their portfolio.
To understand further about how a mortgage broker in Canterbury like ourselves can help landlords to remortgage their portfolio properties, please see our buy to let remortgage page.
Many homeowners in England and Wales will be looking to take out a remortgage in Canterbury a good few times throughout their life, as there is generally no limit regarding the amount of times that you are able to remortgage in Canterbury.
You must always remember though that if you are still currently fixed into a deal with your current lender, you may have to factor in the likely chance that you are going to have to pay an early repayment charge to get out of your fixed deal.
A mortgage broker in Canterbury will be able to help you compare the various mortgage deals available to you, reviewing whether or not you would be better off staying on the lenders standard variable rate, as opposed to remortgaging for a better rate of interest.
We have been providing high levels of mortgage advice for over 20 years. During that time, whether they have been residential or buy to let, we have helped 1000s of customers to remortgage their homes in Canterbury.
We offer a flexible service, working around your busy work and family life in Canterbury. We're always here when you need us.
Absolutely no fees upfront, we are only paid upon results, when you obtain your mortgage in Canterbury!
From our hard working mortgage administrators, to our professional mortgage advisors in Canterbury, you'll always know who you are working with.
We'll guide and support you throughout the entire remortgage process, ensuring that this time around is much smoother and quicker than your first mortgage.
We'll recommend to you any appropriate insurance products, allowing you to remain at home in Canterbury, in the event you become seriously ill or unable to work.
As an open & honest mortgage broker in Canterbury, we can search for the best deal for you, saving your time and your money.
There likely aren't many situations we haven't come across in the past, your mortgage advisor in Canterbury will understand your needs as a homeowner.
When you book in for remortgage advice in Canterbury, we'll help you overcome any remortgage hurdles you come across.
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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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