If you are ready to remortgage, now is the best time to shop around. Do not be put off by the current situation, as remortgage products are still very much available.

If your current mortgage rate is coming to an end, it is advisable that you take a good look at what is currently available to you. With interest rates as low as they are currently it may even be worth reviewing your mortgage if your current rate isn’t ending, particularly if you need to borrow additional funds for home improvements or debt consolidation. A Linear mortgage advisor will be able to help you scour the market and find the best deal for you and your circumstances.

Fixed rates are currently available from 1.17% for a two-year deal, or 1.44% for a five-year deal. That couldmake a big difference to your outgoings at a time when it is most needed.

Many lenders are also adapting to accept remortgage applications without a physical valuation by a surveyor. By using market data and knowledge of your location, they are able to estimate the value of your property.

Read more about ‘desk-top’ and automated surveys here: https://linearfs.com/covid-19-are-mortgage-applications-still-being-processed/

As fewer people are applying for mortgages in the current climate, lenders have improved rates for existing customers wanting to find a better deal. Speaking with a Linear advisor will also help you understand what is available to you from your existing lender– and they will help you find the best possible offer from them or a new mortgage lender.

Your property may be repossessed if you do not keep up payments on your mortgage. There will be a fee for mortgage advice. The precise amount will depend on your circumstances but may range from £399 to £599.
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Let Linear Financial Solutions help you

We have local mortgage advisors across the UK. It is always best to speak to a mortgage advisor who can help you find the best deals for your circumstances.

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