Remortgaging
Remortgage
When you get to the end of your current mortgage rate you will normally revert to your lenders standard variable rate (SVR) and although in the current low rate climate, this SVR may not be too bad, it’s always worth looking at your options. One of your options could be to remortgage. We won’t charge to tell you what is available and to advise you on the potential savings you might make. Sometimes it’s better to remortgage, sometimes it’s better to stay with your current lender.
Many lenders may offer a new rate to you as an existing borrower and this option can be attractive but often these ‘retention’ rates are not as good as those offered to new borrowers by other lenders. It’s definitely worth looking at what’s available on the remortgage market and making a decision based on the facts rather than hoping for the best.
Our experts in St Ives, Cambridgeshire will find out which is the best option for you and will give you all the information you need to make an informed decision whether to swap rates or not. We have access to literally thousands of mortgage deals, for your home or your investment property, so why not get in touch.
We are mortgage advisers in St Ives, Cambs but we cover the whole of the UK.
Deposits – how much you need and where it can come from
Affordability – how much you can borrow
Costs – solicitors, surveys, searches, fees
Time scales – how long will it all take and when should you do things
Protecting your mortgage – what if the worst happens
How to prove to an estate agent that you can afford the house you offer on
In the situation where you have an early redemption penalty (ERC= a penalty fee for ending your current rate before it runs out) we can assess whether it’s worth paying the fee to get a better rate or not. In most cases it’s worth waiting until the ERC period has ended, and you’ll always get honest advice from us.
A lot of the remortgage deals we have access to will offer ‘free legals’, in other words they will pay for a conveyancer to act on your behalf to sort out the legal work. You will also find that in a lot of cases, the lender will also pay to have the property valued, depending on the value of your property this will probably save you a few hundred pounds.
If your current mortgage deal still has a few months or even years to run, click here to tell us the
date your rate comes to an end, and we’ll call you 3 months before to see if we can save you money.
Give us a call
Call us 01480 393393
Book a call
Call Us - 01480 393393
Visit Us - 9a Sheep Market, St Ives, PE27 5AH
The Complete Mortgage Company Ltd is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority. The Complete Mortgage Company Ltd is a company registered in England and Wales with company number 6949982. The registered office address is 9a Sheep Market, St Ives, PE27 5AH. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £295 to £495 and this will be discussed and agreed with you at the earliest opportunity.