It will come to a certain point in time where your mortgage will be coming to an end. It’s here where people start to look towards a possible Remortgage for their home. We often find that they get in touch three months before it finishes.
Remortgaging is a great way to improve your situation financially by giving you the option to consolidate any short-term debts.
Whether it’s to release equity, to get better rates, find a more appropriate deal, or more, we’ll always do our best to ensure the process is quicker and smoother than the first time.
Similar to that of getting a regular mortgage, although the process is slightly more straightforward. You’ll still need to get a valuation, as well as hiring a solicitor who will transfer the deeds from one financial institution to another.
You will also need to make sure you have the right supporting documentation, and you will be subject to the same checks as a standard mortgage application – including an affordability assessment and credit check.
These are just a few examples of why people may choose to Remortgage. If there’s something we missed, we’ll still see how our Mortgage Advisor in Leeds can try and help you.
Contact us today to book your free remortgage consultation in Leeds & see how we can help you.
Our Mortgage Advisors in Leeds can search through thousands of Remortgage deals to find the best product for your individual needs, here are some reasons to choose us:
1 We’re Open and Honest with our customers.
2 We offer a Free Mortgage Consultation.
3 Telephone Mortgage Advice in Leeds is available throughout the day.
4 We try and offer you the best help and support throughout the whole process.
5 Our team is fully equipped and able to handle complicated situations regularly.
6 We know our criteria and very experienced in Mortgages.
7Â We have unique connections with specialist mortgage lenders to find you the best deal.
8 Feel free to read our reviews from previous customers at Reviews.co.uk.
9 Mortgage appointments are available daytimes, evenings or weekends.
As your mortgage advisor in Leeds, we are here to help you. Get in touch with us today and make a date for your free mortgage consultation.
It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, address and 3 months’ bank statements.
Your chances of saving money go up if you are on your lenders SVR (Standard Variable Rate of Interest). We will compare the new products available against your current mortgage deal, in order to work out these savings for you. If you have equity in your property, a remortgage would also allow you to release some of this money if required. Usually, this is used for things like home improvements.
You can remortgage and increase the size of your mortgage to pay off any unsecured debts you may have. Please do not rush into this though as there are some downsides. We recommend that customers always seek Mortgage Advice in Leeds before consolidating debts!
Your initial free remortgage consultation in Leeds will last around 1 hour. We will then compare a new deal vs your current product and recommend the most appropriate one, with no obligation to you. You can then decide whether you wish to go ahead with the mortgage, or take a step back.
The fees will be similar to the ones involved when you started your current mortgage. However, your dedicated Mortgage Advisor in Leeds will run through all of the fees with you. Taking these into consideration when comparing the savings of the new deal vs your current mortgage.
As your mortgage broker in Leeds, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.
It may be possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.
If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.
An initial telephone call where we take some details and look at your Remortgage plan.
A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!
We will search and compare 1000s of products to find you the most appropriate deal.
Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property!
Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.
Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.
