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Remortgaging generally takes place when your mortgage is nearing the end of its fixed term. Many people look to remortgage in order to secure a better deal or to look into releasing some equity from their property. Whatever the reason might be, being an expert mortgage broker in Leeds we will be by your side to help you look at your options.
If you went with Leedsmoneyman to get your current mortgage, then you usually will receive a reminder from us 6 months before your fixed terms ends. You might be thinking that this is a little soon, however, we do this to encourage you to look early in order to be prepared and look at your options. Furthermore, as your fixed term ends, you will be automatically put on the standard variable rate (SVR) which will usually impact your mortgage payments by increasing.
Here at Leedsmoneyman, we always provide open and honest mortgage advice in Leeds. Therefore, if we can’t find a deal that is better than the one you have with your current lender, we would advise staying with your current lender.
Our mortgage advisor in Leeds goal is to find you the best deal which is why we search through thousands of mortgage products to find the one that is best for your circumstances. Furthermore, all our customers receive a free remortgage consultation.
We would definitely recommend that you utilise the free Remortgage appointment we offer to all of our customers. Taking out a free mortgage review could possibly allow you to gain access to a much more preferable mortgage rate, which in turn may even save you money in the long run.
In some cases, people look to capital raise when they are looking to remortgage, this is also known as releasing equity. Many people look to capital raise so they can fund larger developments like home improvements, or to consolidate debt. Before securing any debts against your home, we always advise seeking expert mortgage advice in Leeds.
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4.98 Rating254 Reviews
Jamie
Chris and Kerry were fantastic, really helpful throughout the whole process. Very friendly and informative. Would highly recommend.
2 weeks ago
Amy
Great broker company. Chris and Kerry were amazing. They were always on hand to help us and chased our solicitors and calmed us when things weren’t going the way it should. We can’t thank them enough.
1 month ago
Chris
Jason and Jo were very helpful and supportive all the way through the process. They provided me with great support from a mortgage point of view and a mental health point of view (they answered all my worries in a timely manner). I would 100%...
1 month ago
Anonymous
Excellent service through a rather complicated moving period which involved two changes of house purchase with attendant changes in mortgage requirements. Dan O was able to obtain a later life mortgage where other brokers had failed. He gave...
1 month ago
Mr Mchale
Very good service Dinah was great and they keep in touch throughout the whole process
2 months ago
John
Great service received by Jason Loft. He took the time to clearly explain our options and to arrange our new mortgage, making the process a lot easier than doing it ourselves.
3 months ago
Anonymous
A very helpful and efficient service, very impressed with the information provided and the mortgage deal which was found for us. Very good value for money.
3 months ago
Ikra
Great service from Matt. From the very beginning he’s been easily contactable and kept me updated at every stage. He’s gone over and beyond to ensure I’ve got the best chance of securing a good mortgage and I can’t thank him enough.
4 months ago
Megan
Excellent and thorough service. Jason was patient with my many questions and was happy to go through different scenarios to work through what would work best for us in our current situation. Would definitley reccommend.
4 months ago
Rachel
Really impressed with the service, second time we have used these! If I ever wanted to move again, we would definitely use these!
4 months ago
Shaun
Leedsmoneyman have been excellent from start to finish keeping us informed along the way. They make a daunting process as painless as possible. I would recommend to anyone
5 months ago
Valerie
Tom we thank you very much and thanks to Malcolm for putting us in touch with you. We very appreciate all the help and advice for our future 😀 and we will be back to you for any further finance advice. Kind regards Val and Tony Ripley
6 months ago
Rob
Excellent service. Helped us through the process with professionalism. It’s a complicated process and a huge decision to most people, but Chris and the team explained everything and helped us get the best deal.
6 months ago
Charlie
Service was amazing! Jason and the team made sure I was always kept up to date and available to answer any questions.
6 months ago
Lucy
Would 100% recommend! Being first time buyers, we didn’t really know the process when searching and applying for a mortgage but Charlie explained the process clearly and we knew what to expect throughout. We had a mortgage offer within a week of...
7 months ago
Anonymous
Professionalism and transparency are key. Less is more, fat free service.
7 months ago
Sithabile
Chris was very efficient, kept to his appointment time and mortgage review was approved instantly.
7 months ago
Heidi
This is the second time using Wayne’s services for a new mortgage on our house purchase and he was phenomenal as always. Explains things in a way that I find easy to understand, and provides excellent advice. Thank you Wayne and team!
7 months ago
Oliver
Incredibly helpful and informative right from the start!
8 months ago
Shaun
As a returning customer I'm pleased to say the service is impeccable as always!
8 months ago
A remortgage in Leeds involves replacing your current mortgage with a new one, whether it’s with your existing lender or a different one. This step can offer several advantages, such as securing a better deal, reducing your monthly payments, or unlocking equity from your property.
Remortgaging in Leeds presents several potential advantages, including the possibility of lower interest rates, decreased monthly mortgage payments, access to funds for home improvements, and the option to consolidate debts. It’s a strategic way to optimize your mortgage to better suit your financial goals.
A free remortgage review in Leeds involves a mortgage advisor in Leedsassessing your existing mortgage and financial circumstances. They will explore various options to find a more favorable mortgage deal that aligns with your specific needs. Ontop of providong expert mortgage advice in Leeds, our service helps you determine if remortgaging is a wise choice for you and the potential savings or benefits it could offer.
Our mortgage advisors in Leeds will assess your affordability and request key information about your income and expenses.
Our team will search through thousands of remortgage products to find the most suitable deal for you.
Once you have accepted the offer, your dedicated we will submit your full mortgage application and forward all supporting documents to the lender.
We will also contact you when your next remortgage in Leeds is due for renewal, ensuring you are on the most suitable deal and offer any insurance products too.
For additional information, Contact us today to book your free remortgage consultation in Leeds & see how we can assist you.
Our Mortgage Advisors in Leeds have a wealth of experience when it comes to helping customers remortgage. Whether you are looking to release equity or secure a better rate, we are ready to help you find the perfect remortgage deal. Unlike your Bank, we can search through thousands of remortgage products to find you the best deal for your situation.
Here at Leedsmoneyman, we are incredibly proud of being able to provide our customers with fast and friendly Mortgage Advice in Leeds. We abridlington the work that we do, ensuring customers can achieve all their property owning goals. To learn more about our dedicated service and to see just how happy customers have been with our work, feel free to take a look at our genuine company reviews. You’ll find lots of very happy customers who came to us for mortgage help and were able to reach their property owning goals.
We offer all our customers a free remortgage consultation. As a trusted Mortgage Broker in Leeds, we understand the busy lifestyles of today that is why our free remortgage consultations with your Mortgage Advisor in Leeds are available 7 days a week, from early on until late. For some reassurance check out our reviews page.
At the time where your mortgages initial fixed period is due to come to an end, your option could be to look at remortgaging. Otherwise, you will be transferred automatically onto your lenders’ standard variable rate of interest (SVR).
Furthermore, you will find that the interest rate is normally higher compared to the initial fixed period which means your monthly mortgage payments will increase. Because of this, many people start looking to remortgage in Leeds at this point.
Here at Leedsmoneyman, we have dealt with many customers who are looking to release equity to fund home improvements. The improvements are usually large projects such as an extension, renovating for a home office or a new kitchen.
In the case where you are looking to release equity in order to fund these types of improvements, you may be asked by the lender to evidence some quotations for the work.
A way to reduce your outgoings into one attainable monthly payment is to consolidate any unsecured debts into your mortgage.
Nevertheless, you will end up paying more in the long run if you were to extend this debt over your mortgage term. When it comes to debt consolidation, there are many points you need to be aware of.
Speaking to a Mortgage Broker in Leeds is something we do recommend doing before securing any debt against your home.
You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.
Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.
In the circumstance where you are co-owning a property in Leeds and are wanting to remove a name, you need to remortgage to do this.
It’s no different if you are staying with your existing lender, the process will still be similar. The lender will need to be reassured that the person who is remaining on the mortgage will be able to still afford the mortgage and is creditworthy.
Please visit our guides section if you are wanting to look further into popular remortgage scenarios.
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Leedsmoneyman.com & Leedsmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Leedsmoneyman.com & Leedsmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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