When you remortgage, you will be taking out a new mortgage with a new lender, on the same property. Most homeowners will look at this option every couple of years to make sure they are always on the best deal they can be. People often take the opportunity to raise capital at the same time when they look to remortgage their home, perhaps for the purpose of funding any home improvements or for consolidating debts. 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.Get Started
Homeowners are generally able to start the remortgage process up to 6 months before their current deal is set to expire. We would always absolutely suggest that those looking to remortgage in Oxford enquire for remortgage advice in Oxford as soon as possible. This is to make sure that you do not fall onto your lenders standard variable rate, something which typically includes higher monthly payments than you could otherwise be paying. Get in touch with a trusted and experienced mortgage broker in Oxford about your remortgage options by booking in your free remortgage review and speaking with one of our expert mortgage advisors in Oxford. It's our goal to make sure that this time around, your process is much quicker and smoother than the first time you took out a mortgage.Apply Now
There are lots of reasons as to why people may look at their options for a remortgage, from releasing equity in their home as a means of funding home improvements or to consolidate debts. It may be much simpler than that, however, as many will remortgage in Oxford to give themselves much better interest rates.
The ideal time to be taking out a remortgage, is around the 3 to 6 month mark, in advance of your mortgage deal ending. This time frame should hopefully give you plenty of time to seek remortgage advice in Oxford and get the new mortgage set up and ready to begin just as your last deal ends.
Yes, homeowners may have the option for a remortgage to release equity that is in their home, using it as a means to pay off any unsecured debt. If you do not have enough equity in your home to do this, you may still be able to remortgage for a better rate, as this will hopefully free up some money per month, allowing you to pay off your debts a little quicker. We would always recommend speaking to a specialist mortgage advisor for remortgage advice in Oxford 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.
Yes, there will be the possibility for buy to let landlords to remortgage a property in their portfolio. We come across this quite a lot, helping many landlords to remortgage in Oxford. To learn more about how we are able to help, head to our buy to let remortgage page.
Many homeowners in England and Wales will see themselves taking out a remortgage in Oxford a couple of times in their life, as there is generally no limit to the amount of times you can do this. It is important to note though that if you are still tied into a deal with your current lender, you may potentially have to factor in the possibility of paying an early repayment charge.
A mortgage broker in Oxford can help you compare mortgage deals, reviewing whether remaining on a standard variable rate is the best choice for you, or if you would be better off remortgaging for a better rate. We have been providers of expert mortgage advice for well over 20 years and during that time, we have been able to help 1000s of customers to remortgage their homes, whether residential or buy to let.
We're flexible around your busy work and family life in Oxford, we'll be there when you need us.
No upfront fees payable, you only need to pay us upon mortgage success in Oxford!
Whether it's a mortgage administrator or a mortgage advisor in Oxford, you'll always know who you are dealing with.
Ideally you want your process for a remortgage in Oxford to go much smoother this time around. We'll work hard to reduce your stress and provide an effective service.
We'll recommend appropriate insurance products, ensuring you can stay at home in Oxford, should you become seriously ill or unable to work.
As a mortgage broker in Oxford, we can find the best remortgage deal for you, saving both your time and your money.
There isn't a situation we haven't come across before, your mortgage advisor in Oxford will fully understand your needs.
When you get in touch for mortgage advice in Oxford, we'll help you with any remortgage hurdles you come across.
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