Remortgage Advice in Gloucester

If you don’t arrange a new deal before your current mortgage term ends, your lender will usually move you onto their standard variable rate (SVR).

This rate is often higher than fixed or tracker deals and could lead to an increase in your monthly payments.

Reviewing your options before this happens gives you the opportunity to secure a more competitive rate and avoid unnecessary costs.

Our mortgage advisors in Gloucester will search 1000s of mortgages of find the most competitive product for your personal and financial situation.

Yes, an increase in your property’s value could put you in a lower loan-to-value (LTV) bracket, which may qualify you for better mortgage rates.

We can arrange a new valuation as part of the remortgage process to see whether your improved equity position can give you access to more favourable rates.

It is possible to remortgage early, though you may face early repayment charges depending on the terms of your current deal.

In some cases, the long-term savings from switching may still outweigh the cost of these penalties.

We’ll assess your current agreement and calculate whether an early remortgage would be financially beneficial in your situation.

Yes, many homeowners choose to release equity from their property as part of a remortgage to fund extensions, renovations, or general improvements.

Lenders will review your income, credit profile, and the amount of equity available to ensure the additional borrowing is affordable.

We can help you understand how much you may be able to raise and which lenders offer suitable options for this type of remortgage.

A repayment remortgage means you pay off both the interest and part of the loan each month, gradually reducing the amount you owe.

An interest-only remortgage involves paying just the interest, with the full loan amount due at the end of the term.

Not all lenders offer interest-only options, and those that do will typically require a clear repayment strategy.

We’ll explain both approaches and help you decide which is appropriate for your goals in Gloucester.

In most cases, yes, a lender will arrange a valuation to confirm your property’s current market value. This helps determine your loan-to-value ratio, which directly affects the rates you’re eligible for.

Some lenders offer automated valuations or desktop assessments, depending on the property type.

We’ll manage this step as part of your remortgage application and keep you informed throughout the process.

Yes, self employed applicants can remortgage, though the process may involve more documentation.

Lenders typically ask for at least two years of accounts, tax calculations, and proof of income. The key is demonstrating consistent and reliable earnings.

We regularly support self employed clients in Gloucester with remortgage applications, ensuring everything is prepared and presented clearly to give you the best chance of approval.