Remortgaging involves you taking out a new mortgage with a new lender, but on the same property. This is something many homeowners do every couple of years to ensure that they are on the best deal. When people look to remortgage, many take the option to raise capital as well to cover any home improvement costs or for consolidating debt. If you are a buy to let landlord, remortgaging a buy to let property to raise capital can be a great way to fund any potential home improvements, as well as using any equity that is sitting within the property to put down a deposit for any future additions to your portfolio.
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We do recommend that homeowners should start looking into their options 6 months prior to their current deal ending. Furthermore, seeking remortgage advice in Norwich can be beneficial when it comes to looking at a remortgage in Norwich. By doing this, you are preventing your mortgage falling onto the lenders standard variable rate which usually results in an increase in monthly payments. As a mortgage broker in Norwich, we offer all our customers who get in touch a free remortgage review that give them the chance to speak with an expert mortgage advisors in Norwich. When it comes to customers looking to remortgage, we always aim to make the process as straightforward and quick as it was the first time around.
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Remortgaging can offer many opportunities that can help many homeowners like releasing equity from your home to fund home improvements or to consolidate debts. You could even remortgage in Norwich in order to access much better interest rates.
We do recommend that you are prepared when it comes to remortgage time. It's best that you look at your options and remortgage around 3-6 months prior to your mortgage deal ending. This gives you a lot of time to look for remortgage advice in Norwich and prepare the new mortgage to be ready when it comes to your initial fixed period to end.
Some homeowners may have the chance to remortgage to release equity in their homes. With this equity, they can pay off any unsecured debt. In the case that you don't have an efficient amount of equity in your home, you might be able to remortgage for a better rate which in turn will leave you with a bit more money each month. We would always recommend speaking to a specialist mortgage advisor for remortgage advice in Norwich before you secure debts against your home, as although your monthly payments may be lower, you will likely be paying much more on 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.
Many buy to let landlords have done a remortgage on a property in their portfolio. This is something our team have encountered a lot of landlords to remortgage in Norwich. To learn more about how we are able to help, head to our buy to let remortgage page.
Generally, homeowners in England and Wales will take out a remortgage in Norwich will take out a remortgage a couple of times in their life. There is no limit to the number of times you can remortgage. Remember, if you are still locked into a deal with your current lender, you may need to take into account the early repayments charge for doing this.
With an expert mortgage broker in Norwich by your side, they can help you with comparing mortgage deals and seeing finding out if you staying on the standard variable rate is beneficial for you. For over 20 years, we have provided open & honest mortgage advice that has helped a plethora of customers looking to remortgage their homes for both residential to buy to let.
We provide a service that works around your busy work and family life in Norwich. We work around you.
We provide all our customers with a free remortgage review that has no upfront fees. You pay us upon mortgage success in Norwich.
You'll have a dedicated case manager in Norwich with you throughout the process.
With many options available to you when remortgaging, we are here to provide a helping hand. Our team can support you with finding the route for your remortgage goals.
We'll recommend appropriate insurance products, ensuring you can stay at home in Norwich, should you become seriously ill or unable to work.
As a mortgage broker in Norwich, we can find the cheapest deal for you, saving both your time and your money.
Our experience has allowed us to deal with a variety of cases, therefore, it's very likely that your dedicated mortgage advisor in Norwich has experienced this and knows the best solution.
When a customer contacts us for mortgage advice in Norwich, our team will help them overcome any mortgage hurdles like property survey and valuation problems.
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4.97 Rating285 Reviews
Hannah
The whole team at UK Moneyman have been so friendly and helpful, whilst also providing an excellent service and securing me a mortgage offer really quickly. Even when there were questions and changes, they went over and above to help and always came...
Sarah
Fantastic service from Tom Bowes
Brooke
Excellent service, great communication & highly professional
Khristopher
Malcolm and Meghan did a great job with my application which due to a chain breaking down had to be done for two different properties, was kept informed throughout and they made me aware of changes in the market i didn't know about. Would...
Hilary
Matt and Wendy worked tirelessly and creatively to reach a great mortgage outcome for me in what was a less than straightforward journey. The commitment and advocacy was fist class and communication, always excellent. Matt really earned his broker...
Nina
I'm very happy with the services UK Moneyman have been providing during my buying process so far. I'm a first-time buyer so it was very important to me to have a mortgage broker who could answer all my questions in a timely and...
Stuart
Great team who works to get you exactly what you need, they made the whole process smooth and painless, so I would highly recommend them.
Danielle
I honestly couldn't have asked for a better service with UK Moneyman! I have been working with Charlie and Wendy! They have been SO helpful throughout the whole process and so supportive, never a hassle for them when I've been bombarding...
Clair
Informative, friendly, helpful and efficient service.
Katie
Really glad I went with UK Moneyman for my first mortgage, explained everything to me so well and was always on hand when I needed them as I work long hours at weekdays so having appointments on the weekends was so helpful for me, would definitely...
Natalie
Tom and Chloe were super helpful with our first time mortgage. We had a couple of properties fall through but Tom was there to help and guided us through the whole process.
paul
I think anyone would have difficulty finding a more helpful and friendly Financial Advisor. We used them to find a suitable later life mortgage and their effort and persistence in the face of some difficulties (caused by our particular...
Anonymous
Good advice and a professional hand both made the process seem effortless. Full marks for a service and result!!
Christopher
Wayne and Paula have been very helpful in helping me purchase my first house would highly recommend them to anyone wanting a mortgage advisor! Wayne was also very flexible with time as I have very odd working hours and worked out a time for phone...
Carol
Excellent service, Tom and Lynsey were responsive and extremely helpful including in resolving issues of transferring the offer to another property when the seller of the first property I was buying pulled out.
Marco
It's the 3rd time I've dealt with the team at UK Moneyman, as before they have been informative, punctual, detailed and a pleasure to deal with. I couldn't reccomend them more highly.
Suzanna
Excellent communication from start to finish. Highly recommend.
Rasheda
Very friendly and provided all the information I needed.
Pauline
Very pleased with Allen’s professionalism , he was able to answer all my questions to my satisfaction
Paul
Excellent experience all around, used for two mortgages and will use again
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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
