Remortgage
Take a new mortgage on a property you already own and replace your existing mortgage
Is your current mortgage deal about to run out? Would you like to build your dream kitchen or create an extension to expand your home? There are many reasons why you might consider remortgaging, but finding a suitable deal once fees and costs are taken into account can be a challenging process. Mortgage Fit specialises in helping people to remortgage their home.
Your home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. A mortgage advice fee may apply depending on your circumstances and the services required. We'll explain the amount or how the fee is calculated, when it becomes payable and any commission we may receive from a lender before providing advice.
Why Should I Remortgage?
There are many reasons why remortgaging might be worth considering. You might be coming to the end of a fixed rate deal, want to raise capital for home improvements, consolidate existing borrowing, or look for a more competitive rate. Mortgage Fit can assess your individual circumstances and advise on the most suitable option for you.
What Are The Potential Benefits?
- Explore whether a new mortgage could offer a more suitable rate or overall cost, taking fees and other charges into account
- Access lender incentives, where available
- Release equity from your property
- Consolidate existing borrowing
- Fund home improvements
Things To Consider
Remortgaging may allow you to consolidate existing borrowing, potentially reducing your monthly repayments. However, extending debts over a longer mortgage term could increase the total interest payable, and securing previously unsecured debts against your home introduces additional risks. We'll help you understand the costs, benefits and alternatives before making a recommendation.
Remortgaging can also involve costs, such as early repayment charges on your current mortgage, arrangement or product fees, and valuation and legal fees. Releasing equity increases the amount secured against your home. We'll take these into account and explain them to you before you decide.
How Mortgage Fit Can Help
We have specialised in helping people to remortgage their homes. We compare mortgage options from a wide range of lenders to help find a suitable deal for your individual circumstances. We'll consider interest rates, fees, mortgage terms and lender criteria to help you make an informed decision, and guide you through the process from application to completion.
Our qualified mortgage advisers provide advice through Mortgage Fit, a trading style of ADNFC Financial Consultants Ltd, which is authorised and regulated by the Financial Conduct Authority.