Remortgages

The best choice for you will obviously depend on your needs, circumstances and preferences and with our help and advice we will hopefully source you a mortgage deal that may save you money, and/or potentially place you in a better long term financial position.

If you remortgage whilst still in a fixed or tied in period – You may have to pay an early repayment charge to your existing lender if you remortgage. It is advisable to review your mortgage, when your current interest rate deal comes to an end.

We offer a comprehensive range of mortgage products from across the market. We offer both first and second charge mortgages, but not deal’s that you can only obtain by going direct to a lender.

For those seeking to increase their existing borrowing, alternative finance options may be available and more appropriate for your needs. For example, a further advance from your existing lender or an unsecured loan (e.g. a personal loan). For those seeking a ‘Retirement Interest Only Mortgage’, a ‘Lifetime Mortgage’ may be available and more appropriate for your needs.

A lifetime mortgage is not suitable for everyone and may affect your entitlement to means tested benefits, so it is important to seek financial advice before taking any action. If you are considering releasing equity from your home, you should consider all options available before equity release.

The interest that may be accrued over the long term with a Lifetime Mortgage, may mean it is not the cheapest solution. As interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home and the value of any inheritance, potentially to nothing.

Although the final decision is yours, you are encouraged to discuss your plans with your family and beneficiaries, as a Lifetime Mortgage could have an impact on any potential inheritance. We would also encourage you to invite them to join any meetings with your Financial Adviser so they can ask questions and join in the decision, as we believe it is better to discuss your decision with them before you go ahead. This is a referral service.