Remortgage
Find your next mortgage deal with our expert advice
What is a remortgage?
Remortgaging allows you to switch your existing mortgage to a new deal, often to secure a better rate, reduce monthly payments, or release equity from your property.
Why remortgage?
There are various reasons why you may be looking to remortgage:
- A common reason to remortgage is if you are approaching the end of your fixed rate, you are on a tracker mortgage or you are already on a lenders Standard Variable Rate (SVR).
- If on an SVR mortgage, clients often find they are paying more for their mortgage on a monthly basis than they need to. Remortgaging can help you reduce and fix your monthly payment amount.
- You may also remortgage to release capital for some home improvements, purchase a buy to let property, fund a holiday, buy a car, etc.
- Remortgaging can reduce the term of the mortgage to minimise the amount of interest you will pay, becoming mortgage free as fast as possible.
- Consolidating debts to reduce the financial burden of payments each month is also a common reason for clients to remortgage.
How can I get the best remortgage deal?
Finding the best mortgage deal means comparing rates from all UK lenders: a process that can be time-consuming and complex, especially since some deals are only available through brokers. It’s also crucial to ensure you meet each lender’s specific criteria before applying, to avoid rejection.
At Bennison Brown, we offer a free review of your current situation. Our expert mortgage advisers will quickly identify the best remortgage deal for you, handling all the paperwork and guiding you through every step of the application. With our in-depth knowledge of lender criteria, you can trust that our recommendations are tailored to your needs and eligibility, saving you time and hassle.
Organise a free consultation
Leave us your details or give us a call on 0207 427 6067
Or email enquiries@bennisonbrown.co.uk
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