Remortgage Advice in Norwich

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.