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Remortgage Advice in Peterborough

Get expert remortgage advice tailored to your personal circumstances. Our remortgage advisors can help you with:

  • Finding a new deal
  • Releasing equity
  • Consolidating debt
  • Home improvements

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Why should I remortgage in Peterborough?

Whether your current deal is ending, you want to secure a better rate or you’re looking to raise money for things like home improvements, switching your mortgage could save you money or give you more flexibility.

If you’re thinking about a remortgage in Peterborough, we can help you explore what’s available and whether now’s the right time to make a move.

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When should I remortgage in Peterborough?

It’s usually best to start looking around six months before your current deal ends. This gives you time to compare offers, lock in a new rate and avoid being moved onto your lender’s standard variable rate.

Your mortgage lender’s standard variable rate of interest is often often higher, therefore, if choose not to remortgage, your repayments may go up.

If you’re not sure when your current deal ends or what your options are, our mortgage advisors in Peterborough can review everything with you and help you plan your next steps.

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Remortgaging vs product transfers in Peterborough

A product transfer is when you stay with your current lender but switch to a new deal. It’s quicker and often comes with less paperwork, but it doesn’t always mean you’re getting the best rate available.

Remortgaging, on the other hand, lets you explore deals from across the market.

Our mortgage advisors in Peterborough will compare both options side by side, so you can see what’s best for your situation.

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Remortgage FAQs in Peterborough

What are the main reasons to remortgage in Peterborough?

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Most people remortgage to save money when their fixed deal ends, but there are other reasons too.

You might want to raise funds for home improvements, consolidate debts, or switch to a deal that suits your needs better.

If you’re thinking about a remortgage in Peterborough, we’ll talk through your goals and help you find the right fit.

How early can I remortgage before my deal ends?

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You can usually start the process up to six months before your current deal finishes. This gives time to lock in a new rate and avoid any early repayment charges.

Our mortgage advisors in Peterborough will check your current deal and timing, so you can switch smoothly without falling onto a more expensive rate.

Will I have to pay fees to remortgage in Peterborough?

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Sometimes, yes, there can be arrangement fees, legal costs and valuation fees, depending on the lender and the deal you choose.

That said, many lenders offer fee-free options or include legal work in the deal itself.

We’ll help you compare the full cost, not just the interest rate.

Can I borrow more when I remortgage in Peterborough?

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Whether it’s for home improvements, a new car, or to help out a family member, yes, many people choose to release equity when they remortgage.

Lenders will assess your income and outgoings to make sure the new amount is affordable.

If you’re thinking of borrowing more during your remortgage in Peterborough, we’ll help you understand what’s possible and find a deal that works for you.

What if my credit score has changed since I took out my mortgage?

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If your credit score has significantly gone down since your last mortgage, it might limit some of the deals available, but it doesn’t mean you can’t remortgage.

Some lenders are more flexible than others, so it is always worth speaking with a broker and assessing your options.

As your mortgage broker in Peterborough, we’ll take a close look at your current credit profile and match you with lenders who are likely to accept your application.

Can I switch from interest-only to repayment?

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Yes, and remortgaging is a good opportunity to make that change.

If you’re currently on an interest-only mortgage but want to start repaying the balance, we can look at new deals that match your updated goals.

For many homeowners in Peterborough, it’s a way to feel more secure about the future.

Do I need to use the same lender when I remortgage?

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Not at all. You can stay with your current lender if they offer a good deal, or you can switch to a new one if the rates or terms are better.

We’ll compare product transfers and remortgage deals side by side, so you get a clear view of what’s best for your situation.

Reasons to Choose Us

Availability 7 days a week

You can reach us any day of the week, whenever you need support, we’re here.

Free remortgage review

It's never been easier to book a free remortgage review; select your date and time online.

20+ years experience

You’ll benefit from decades of knowledge helping homeowners just like you.

Open & honest mortgage advice

We’ll give you clear, straightforward advice without any pressure or jargon.

Responsive case managers

You’ll have a dedicated point of contact who keeps you in the loop from day one.

1000s of remortgage options

We search across the market to find a deal that fits your circumstances.

5 star service

We’re proud of the reviews we receive, and always aim to make your remortgage stress-free.

From start to finish

From your first question to your new deal completing, we’re with you the whole way.

Common Situations We Help With

Your fixed rate is ending soon

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When your current deal comes to an end, you’ll likely move onto your lender’s standard variable rate, which is usually higher.

We help homeowners in Peterborough secure a better deal before that happens, saving money and avoiding unnecessary rate hikes.

You want to raise funds for home improvements

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If you’re planning to upgrade your kitchen, convert the loft, or sort out a few long-standing repairs, remortgaging could give you the funds to get started.

We’ll help you understand how much you could borrow and find a deal that works with your plans and budget.

You’re looking to pay off debts

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Some people choose to remortgage to consolidate existing debts, like credit cards or loans, into one monthly payment. This can make things easier to manage, but it needs to be done with care.

We’ll guide you through the pros and cons so you can make the right choice for your situation in Peterborough.

You’re on an interest-only mortgage and want to switch

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If you’re currently only paying the interest and want to start repaying the balance, a remortgage could be your opportunity to switch to a repayment deal.

We regularly support clients in Peterborough with this change, helping them plan for long-term stability.

You’ve had credit issues in the past

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A lower credit score doesn’t always mean you’re stuck. There are lenders who take a broader view, especially if your finances have improved.

We’ll review your credit situation and find out what’s still available to you when remortgaging in Peterborough.

You’re thinking about switching lenders

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If your current lender isn’t offering competitive rates, it might be time to look elsewhere.

We compare deals across the market to see whether sticking or switching gives you better value.

Our mortgage advisors in Peterborough will always focus on what’s right for you, not just what’s easy.

You’re unsure whether to remortgage or product transfer

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Staying with your current lender might seem easier, but it’s not always the best option.

We’ll compare product transfers with full remortgage deals across the market, showing you the difference in cost, flexibility, and features.

Getting mortgage advice in Peterborough gives you a clear view of what makes the most sense for your circumstances.

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