Save Money By Remortgaging

Did you know you can save money every month just by remortgaging, it might seem like a daunting thought but it’s actually a really straightforward process and we’re here to help you through it with these three simple steps.

Before we get started you might be asking what is a remortgage, put simply a remortgage is where you take out a new mortgage on a property you already own there’s a range of reasons you might be remortgaging, but one of the key ones could be if you come to the end of a fixed rate mortgage period. When this happens you’ll likely be automatically moved to your provider’s standard variable rate this will often be more expensive than that which you’re currently paying.

Step one is just a little bit of groundwork to make sure you have all the information you need to get started, first you’ll need to get a rough idea of what your property is worth, you can do this with a free online valuation or by getting an estate agent valuation. Check how much is left to pay on your current mortgage your current provider can easily give you this, lastly check for any early repayment charges from your current provider.

Once you’ve got all that information you’re ready to explore the marketplace. One of the quickest and easiest ways is to contact Home Owners Advice our specialist team of mortgage advisers are on hand to walk you through the whole process of remortgaging and we are completely independent company and have access to the whole mortgage marketplace. This means that we can give you completely impartial remortgage advice, and of course our service is completely free to you.

The next step is to speak to one of our advisers who will spend about 10 minutes asking you some basic questions to get an idea about the most suitable remortage for your particular circumstances.

From there we would look in the marketplace and come back with several options for yourself. From there once you have decided which option is best for your circumstances we will take care of all the paperwork for you from initial enquiry right through to completion of your remortgage.



Leave a Reply