© 2018 by Joshua Barlow. Elm Tree Financial Services Ltd. FCA: 511619  www.elmtreefs.co.uk

www.KJfunding.co.uk

Remortgage

The mortgage market is very competitive and there are new deals available all the time. It is likely that your biggest monthly outgoing is your mortgage and by finding a better deal you could save hundreds and possibly thousands of pounds.

What is a remortgage?

A remortgage is when you change your mortgage lender without moving home. The reason you may remortgage are usually to raise more money, secure a better rate of interest or to repay some debt.

Whatever your reason for wishing to remortgage, I can help you to secure the best mortgage deals for your situation. Im a independent mortgage adviser which means we access the whole of the market including second charge mortgage lenders. 

It doesn’t have to cost you anything either… If you wish to remortgage we can usually secure mortgage deals with the mortgage lender meeting the cost of the property valuation and paying the solicitors costs.

Why Remortgage 

 

There are a number of reasons you may want to remortgage 

Including the following

 

To reduce your interest rate 

 

While many lenders offer introductory deals for example a low fixed, tracker or discounted rate for an initial period from anywhere between 2 and 5 years, after the period ends the interest rate charges usually reverting to the standard variable rate (SVR). The SVR is normally higher than rates offered to new customers. 

 

With interest rates at an all-time low, if you’re coming to the end of an existing deal or your deal has ended and you’re already paying the lender’s SVR then now is a good time to remortgage for a better deal. 

 

Industry data indicates that 7 out of 10 homeowners could potentially save money by moving off SVR and onto a fixed rate mortgage.

To Raise additional capital

 

Being a independent mortgage adviser I can help you raise additional funds to fund new projects. If you are looking to start a home improvement or buy a second or investment property then we can help this happen. Maybe you would like to pay off them debt that have been hanging over you.