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Remortgage

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There are thousands of remortage offers... but which is the right one

These days remortgaging your property is a simple and quick process and can enable you to make some significant savings in the process.

If you are currently paying a lenders standard variable rate or still have a number of years before your mortgage is paid off, then you need to be seriously considering your remortgage options.

For example, a borrower with a £250,000 interest only mortgage would save almost £3,000 in a year by switching from an expensive standard variable rate of 6.5% to a low two-year fixed rate at 5%, even taking mortgage fees of £1,000 into account.

Contact us now for your free personal & confidential remortage status review

Within the UK remortgage market there are thousands different lenders all vying for your re-mortgage business. Many offer re-mortgage deals that seem too good to be true. They pay your legal fees, survey costs and some even entice you with large cash back payments on completion of the deal.

Whilst there are some remortgage deals out there that are genuine, there are many others that once the surface is scratched a little, should be avoided at all costs.

Lets Mortgage It.com will guide you to the right re-mortgage package for your personal situation and circumstances.

Lets Mortgage It:- Top re-mortgage tips:-
  • Always read the small print. Always check with your existing mortgage lender that there are no redemption / exit penalties if you switch. These penalty charges need to be taken into account when weighing up the advantages of re-mortgaging.
  • Seek independent advice from a professional mortgage broker. Searching online can be helpful for those who want to do their own remortgage and find the best current deals, however a professional reputable mortgage broker – such as Lets Mortgage It - can save you time and money.
  • Ask your existing lender. Why not try your current lender? Tell them that you are considering a remortgage and ask what deals they can offer instead. They sometimes offer good deals to encourage you to stay.
  • Fee-free deals may not be as attractive as they first seem. Often with fee-free mortgage offers the fees have simply been costed into the interest rate you pay, so over the term of the mortgage they may not work out any cheaper than your existing deal. Always do your sums before you make the switch.
  • Could you save £1000’s? Each time you re-mortgage your property, many people don’t realise that they needn’t restart their mortgage term at 25 years. If you can afford it, then why not think about reducing the term of your mortgage? With our expert help, we can find you a lower interest rate, an acceptable monthly payment and mortgage term, meaning you could cut years off the time it takes to pay the mortgage. This would save thousands of pounds in mortgage interest payments over the long term.

In todays competitive market place, you’ll need every advantage at your disposal.

In order to discuss your options please call us today on 08700 112 300 or use our Contact Form and we will call you back for a no obligation chat.

Ensure we are on your property team contact us today or call us now on 08700 112 300


Lets Mortgage It.com offers professional mortgage broker services for We also welcome client introductions from fellow financial and property related businesses.