WHAT IS A RE-MORTGAGE?

A re-mortgage usually involves moving a mortgage secured on a property from the existing lender to another mortgage provider which should provide the applicant with either a more competitive rate &/or more appropriate features.

For Self certification mortgages the overall cost for comparison is 8.6% APR.

The actual rate available will depend upon your
circumstances. Ask for a personalised illustration.

This APR is based on those with a clean credit history.

POSSIBLE REASONS TO RE-MORTGAGE:

  • Desperate need to reduce outgoings.
  • Spending although affordable is at high cost.
  • Present lenders & products for mortgage or loans are inappropriate.
  • Circumstances may have changed making present finances inappropriate.
  • Change in family situation, marriage, kids, divorce or retirement.
  • Change in Employment or Self Employment makes present finances inappropriate.
  • Past credit history may not now apply & more competitive products may be available.
  • Capital raising is required either now or in future.
  • Credit card debt is growing out of control.
  • A 2nd charge is present on the property increasing the chance of repossession.

WHO WOULD QUALIFY FOR A RE-MORTGAGE?

If you are resident in the UK & in employment / self employment & already have a mortgage then you should qualify for a re-mortgage. There are re-mortgages to suit most personal & financial situations. The type of re-mortgage available could be determined by your age, residency, credit status, income level or property type.

To determine the most appropriate product for your individual requirements it is advisable, especially if you have limited knowledge of the mortgage market, to use the expertise of a fully qualified mortgage advisor.

There are hundreds of mortgage products available, all subject to differing lending criteria & finding the most appropriate product for an individual’s requirements requires professional expertise. Choosing the wrong product could cost thousands of pounds in additional interest payments over the term of a mortgage.

WHAT SHOULD YOU DO?

Give us a call or complete one of our simple contact forms & you can choose whether you would prefer a fully qualified advisor to contact you to assess your situation or whether you would prefer to submit more information through our website & have a recommendation supplied to you within 24 hours.

Whichever method you choose, you are under no obligation to proceed with a re-mortgage. We have access to the whole of the mortgage market & our advice is totally impartial. We feel confident that our advice will have significant impact on your financial circumstances.

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgages A2Z Ltd   Registered in England. 6213159   Registered Office. 2 Heap Bridge   Bury   Lancashire   BL9 7HR   Trading Office. Lakeside House   Waterside Business Park   Smiths Road    Bolton   Lancashire   BL7 3QJ