Re-mortgage

If you have a mortgage you may be paying more than you need to, and so a regular review of how your mortgage compares may show is beneficial to remortgage by remortgaging to a different lender.

If you are concerned about whether you will have to pay an early repayment charge to your existing lender if you remortgage, then check with one of our mortgage experts as in some cases it may still be beneficial even where an early repayment charge applies.

There are a number of reasons for remortgaging, which include:

Reducing your monthly mortgage payments

Most of our clients consider changing their lender at the end of the fixed/discounted term to take advantage of a better mortgage deal. Some lenders even offer to contribute to the costs and you may save more over time with a lower interest rate. It's important to check what early repayment charges your current lender may make before moving your mortgage. When you take out a mortgage with us, we will be in touch 3-4 months before your current mortgage expires to arrange a review to advise you on your mortgage options.

Home improvements

Extending or improving your home can be a very cost effective option instead of moving home, with all the expense and upheaval that it can create. If you need to raise funds for an extension or other project, we can advise you on the best possible solution from either a secured loan, remortgage or further advance from your existing lender. We'll also advise you on the costs involved in doing this.

Consolidating debts

You may want to reduce your monthly outgoings by consolidating your debts into a single affordable monthly payment. If so, we can review your finances and make suitable recommendations in the form of a a remortgage secured loan or further advance on your existing mortgage. When consolidating debt, a reduction in monthly payments is likely to mean an increase in the debt and overall term.

With our Linear advisers, remortgaging can be very quick and simple to arrange. One of our expert mortgage advisers will help you through the process step-by-step, working out how much you can borrow, how much it will cost, and what type of mortgage may be most suitable for you. They will even take care of all the paperwork for you, so you don't need to worry about a thing.

You may have to pay an early repayment charge to your existing lender if you remortgage.

There will be a £ 75 administration fee payable on application. There may also be a fee for mortgage advice, the charging of such a fee will depend on your circumstances, but we estimate that it will be 1% of the loan amount (ie: £1,000 on a £100,000 mortgage).

The Financial Services Authority does not regulate secured loans.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.  YOU HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.