It was a pleasure to use you guys! 

Get In Touch!



What is remortgaging?

Remortgaging simply means switching lender in order to get a better deal. Achieving a better rate will subsequently reduce your monthly payments. Also, if your home has gone up in value, remortgaging can enable you to make use of the additional equity in your home.

Why remortgage?

Remortgaging your property can help you to maximise your finances. You could save money on your monthly mortgage payments, reduce your mortgage term or release value from your home in order to pay debts or make home improvements.

When is the best time to remortgage?

When you started your mortgage you will probably have been given an introductory deal with a special rate. This normally lasts between 2 and 5 years before you are moved on the lender's standard variable rate, so when this period ends, it is a good time to look at switching. If you signed up for a fixed rate deal for a certain time period, then it’s a good idea to start looking for a new deal 3 to 6 months before it reaches the end. If you’re not on a fixed rate, it is a good idea to check what deals are available when interest rates change as well as regularly throughout the term of your mortgage.

How much will remortgaging cost?

There are a number of costs that may be involved during the remortgage process including:

Any possible early redemption charge (ERC) on your current mortgage - especially if you are on a discounted, fixed, cash back or capped deals.

An exit fee to leave your current mortgage.

Valuation and admin costs for setting up your new mortgage.

It is also important to remember that due to recent regulations, lenders now have to look at your finances (income as well as outgoings) more carefully and different lenders may have varying criteria.

The Mortgage Hut - taking the stress out remortgaging

Remortgaging has the potential to save you hundreds or even thousands every year but it’s important you do your sums right. A qualified mortgage advisor from The Mortgage Hut can help you carefully weigh up the cost and savings to find the best remortgage deal for you. With only a quick assessment of your current situation, we can start searching the best deals, checking you meet the criteria and present you with your options.

Let The Mortgage Hut do the hard work so you don’t have to! Contact us today to make an appointment.