Re-Mortgages
Are you struggling with how to navigate the remortgage process? As you know, searching for remortgage deals can be just as complex as a purchase mortgage. However, the benefits of remortgaging a property and the opportunities provided make exploring the process financially prudent.
You may be in a position where you have come to the end of your current mortgage deal, whether it be a fixed-rate mortgage, discounted mortgage, or capped rate mortgage. You may be about to enter a Standard Variable Rate (SVR), which can be considerably more costly than the deal nearing its end.
It would be wise to explore further remortgaging options to achieve a lower Loan to Value (LTV) on your property, ultimately a lower risk for any lender or provider. Thus, they will offer more reasonable terms.
You may have experienced a change in your circumstance and wish to adjust your mortgage to coincide with these circumstances triggering an opportunity to refinance your property to generate liquid cash for other investments or commitments that you want to make. Whatever your remortgage needs entail, Soul Mortgages, as high-performing mortgage brokers, can give you the most suitable options available after assessing your situation.
Why should you use a mortgage broker to remortgage your property?
What value can a broker add if you already have financing in place when it comes to remortgaging? Using a broker can open your eyes to better deals on the market that you may not have been made aware of. Many mortgage clients remortgage with their current lender but are missing out on lower interest rates, more flexibility or additional borrowing amounts – which is why many of our clients prefer Soul Mortgages to investigate and research new products for them.
Reasons for Remortgaging your property
We can help you if your circumstances have changed. For example, if your family has grown, you have changed jobs, moved abroad, or your current lender has altered their terms, and they no longer serve you in the most suitable way possible. In addition, we assist clients who may have slightly unorthodox income patterns (self-employed or contractor) or earnings structure in addition to those clients who need to secure financing quickly.
These circumstances are all things that Soul Mortgages can lend their expertise to ensure that you are getting a smooth and ideal outcome through the remortgage process.