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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Rating Reviews
Derek
They were great when handling our mortgage application even though it was a bit different to the normal one. Highly recommended
Michelle
The team at UK Moneyman have been excellent, really informative, providing sound advice with no judgement and supporting the best possible way forward for myself. I would definitely use the team again, they’ve made the whole process simple and...
Lawrence
Great company to work with, very helpful and excellent communication. Chris and Jo did a great job with our application. I highly recommend.
Gemma
Excellent speedy service and always available to work around the best times for us, including calls at weekends
Gillian
Having dealt with Leo previously I knew I would be getting a brilliant service and a good deal.
Karen
Very helpful.Quick response to any questions or concerns. Selected the right product to meet our requirements.
Stephen
We went to the Moneyman to start with regarding a new mortgage only which went really smoothly and everything was explained in simple terms at our request Malcom made it feel at ease . Once i had the confidence with them we asked them to help with...
Victoria
Jenna was very quick to sort out my mortgage, it was very straight forward and easy.
John
UK money man are excellent and have walked me through every stage of both the initial mortgage process and the remortgage two years later, couldn’t recommend them enough!!
Antonia
Matt Collinson and Meghan Robinson were absolutely wonderful. Provided updates, always avaliable and dealt with our mortgage so quickly! We had a mortgage offer within 2 and a half days and they sorted it all. Absolutely over the moon and would...
Babak
So fast and brilliant services which surprised us and the agent by receiving the mortgage offer less than one week. Malcolm is very responsive
Alistair
We used UK Moneyman for our first mortgage back in 2021. When it came to remortgaging, we confidently used their services again. Chris has been fantastic at reassuring us around the changes in interest rates and explaining everything clearly. Meghan...
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 happily...
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 professional manner....
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 them with...
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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
