Remortgages

Is the introductory term of your fixed-term mortgage about to come to an end? Do you want to avoid being placed onto your lender’s default (and potentially less competitive) standard variable rate? Has it been a while since you reviewed your finances? Remortgaging is where you swap your existing mortgage for a newer, better deal for your circumstances (either with the same or a different lender), offering a fantastic opportunity to save money on your mortgage payments.

Many people choose remortgaging to save money, especially if the interest rate is going to go up due to factors such as your current deal ending and being placed onto your lender’s default (and potentially less competitive) standard variable rate.

If the value of your home has gone up significantly, then you may want to consider a remortgage as you may be eligible for lower rates. Here at Ward James Mortgages, we have access to a wide range of remortgage deals for you to consider, and these rates can vary according to the value of your house and the amount of equity in your property.

Personal circumstances such as income, number of borrowers and employment type may have changed since you did your original mortgage, and these will need taking in to account.  We can look at your options for you by having access to a wide range of lenders across the UK.

Remortgaging is also a way to raise equity from your home, which can have many advantages including:

– Usually a lower interest rate than a normal loan or credit card

– Improve your financial position by consolidating your current debts

– Make home improvements

Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.