What is a Re-mortgage?
When your current mortgage term expires, many borrows forget to re-mortgage and go onto the lenders' standard variable rate, which can be higher than the deal they were on. This is a risk if you like to know how much you’ll be paying each month, and if interest rates increase, you could end up paying more in the long run.
Sometimes people opt to stay with their current lender, thinking loyalty will get them a better deal than what is available elsewhere.
With UK lenders fighting for market share all the time, there are always good re-mortgage deals about, you just need to know where to look!
This is where a re-mortgage steps in. If you give our experienced JF Financial Broker a call, they can do extensive research of the whole market, all with the aim of saving you money and ensuring you don’t end up paying over the odds for a mortgage in the long term.
Why use a Broker for Re-mortgages?
Depending on your individual circumstances, there are a number of reasons to take a re-mortgage, from a straightforward pound-for-pound lending need, through to wanting to raise additional funds to do home improvements or debt consolidation, to even seeking to change your property from a residential to a buy-to-let.
There are various lenders out there with their own lending criterias, rates and charges, but only a few that will be just right for your situation. If you don’t want it to cost a fortune and want something that has been specifically tailored for you, then having a number of years’ experience in this field, our mortgage brokers are the people to call.
At JF Financial Associates, we are here to assist you every step of the way. We will take the hard work out of finding the best financial solution possible and will process it from start to finish for you.
Interested? Call us on 0345 508 8588. Let us help you look after your pennies, so your pounds can look after themselves.
JF Financial Associates will never sell you something you don’t want. We offer advice on what you need!