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When you’re reaching the end of your mortgage term, you’ll need to start looking at a Remortgaging. A Remortgage is where your mortgage advisors in Liverpool looks at your current deal and helps you switch to one with more favourable interest rates.
If you’ve spoken to a Mortgage Broker in Liverpool like us, generally speaking, you’ll be sent a reminder around 6 months before your term is due to finish, in order to get the ball rolling ahead of schedule.
Remortgage rates usually track the base rate of the Bank of England. At the time of writing, interest rates have been at a record low since March 2009. This means that those currently on higher rates, may be able to switch to a significantly lower rate, saving them money on monthly repayments.
No matter what type of remortgage advice you need, as a dedicated and committed Mortgage Broker in Liverpool, we will do all required to make sure that you end up with the most suitable product available for your situation.
As a open and honest mortgage broker in Liverpool, we are here to support you through the whole Remortgage process & talk you through each step. We will always be at the other end of the phone when you need us.
Things don’t always go to plan when Remortgaging a home, that’s why it will be incredibly beneficial for you to get in touch with an experienced mortgage broker in Liverpool.
Remortgaging involves transferring your mortgage to a new lender, often pursued to secure a better deal or release equity from your property. Many homeowners opt for remortgaging when their initial fixed term ends, as this is when mortgage payments tend to rise.
Remortgaging is a popular choice among homeowners seeking favorable interest rates, given the significant financial commitment mortgages entail. It's a way to unlock equity for home improvements or consolidate unsecured debts. Ignoring the option to remortgage in Liverpool may result in being switched to the standard variable interest rate, which is typically more expensive.
While remortgaging in Liverpool can offer the possibility of consolidating unsecured debts into your mortgage, it's essential to weigh the potential consequences. This approach could lead to extended mortgage terms and higher monthly payments, potentially putting your home at risk.
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.
We provide the opportunity for a complimentary remortgage review, expertly conducted by our dedicated remortgage advisor based in Liverpool. They will assess your current mortgage arrangement and explore alternative remortgage options available in Liverpool.
Ontop of providong expert mortgage advice in Liverpool, our team will meticulously search through a wide range of remortgage deals, aiming to find the ideal one that suits your needs. Throughout the process, we maintain complete transparency to ensure you make well-informed decisions.
Our Customers Love Us
4.98 Rating228 Reviews
Anonymous
really helpful team
4 days ago
Daniel
First Time Buyers - We had Charlie helping us through the process, He made us feel at ease from the very first conversation. He basically held our hand all the way through until we got offered a mortgage! Couldn’t recommend Charlie & This Mortgage...
1 week ago
Mark
Matt, Stacey and the team have been excellent with all their assistance and advice in getting our mortgage sorted. I could not recommend them enough. A 5-star service.
3 weeks ago
Amanda
Approaching Moneyman was the best thing we did! We had a poor experience with our first advisor as she clearly didn't understand the nature of self-employed income. Following this, we looked for an advisor specifically with knowledge of assisting...
3 weeks ago
Daniel
We would definitely recommend UKMoneyMan. As first time buyers, Malcolm and Charlie took the time to clearly explain the whole process to us, answer any questions we had, and to help us find the best rate to suit our financial needs!
3 weeks ago
Calum
Very good service very helpful
2 months ago
Mike
Dan and the team were expert and efficient, providing sound advice in difficult circumstances - our property falling outside the norm that mortgage providers usually encounter.
3 months ago
Phillip
Dealt with Liverpool Money Man for initial mortgage, and re-mortgage. Fantastic service, everything explained thoroughly. Thanks.
3 months ago
Amy
Charlie has been fantastic, we got in contact with him as we started house searching over a year ago and he was always available and willing to answer any of our questions no matter how stupid they were!
3 months ago
Janine
Great service received from Tom. He made the first time buyer process run as smooth as possible and explained every step. Would recommend and will use again when I come to renew my mortgage.
3 months ago
Elizabeth
Cannot recommend these guys enough - in particular Charlie and Paula. As first-time buyers, it felt like obtaining a mortgage would be stressful and overwhelming, but Charlie and his team went above and beyond to make sure we understood everything...
4 months ago
Richard
Both Jason and Meghan have been fantastic. They sorted my mortgage application with a high Street lender with no problem. They also arranged some competitive quotes for my life and home insurances. This had the added bonus of reducing there fees as...
4 months ago
Adam
Chris Thompson was an absolute gent and pleasure to deal with. He made the whole process of buying a home calm, reassuring and with a personal touch that made it feel as though he was equally as happy for me as I was myself. Along with Lyndsey,...
5 months ago
Gemma
Lyndsey worked incredibly hard to make our new home possible, without this support and in-depth knowledge of the mortgage market we wouldn’t be completing our home purchase on Friday. Thanks for everything you have done over the last 3 months....
5 months ago
Sarah
Highly Recommend! Such a good service Jason and Jo made the whole process stress free from start to end.
7 months ago
Dylan
Great to work with, fast and reliable and very good communication
7 months ago
Paula
Brilliant service they get back to you when they say they will. So Patient and helpful.Special thanks to Jo
7 months ago
Stephen
10/10 above and beyond from Dan and Louise couldn’t recommend these guys enough top class service
7 months ago
Daniel
We're really happy to have chosen UKMoneyMan to be our mortgage advisor. As first-time buyers, we were originally daunted by the process, but Malcolm, Charlie, Jo and the team stepped in to make the process a lot easier to understand! We really...
7 months ago
Stacey
Great help in the process in securing my offer and would recommend to a friend Helpful with communication
7 months ago
Upon reaching out to us, our mortgage advisors in Liverpool will thoroughly evaluate your affordability, requesting crucial details about your income and expenses.
Subsequently, our diligent team will sift through a vast array of remortgage products, aiming to identify the most fitting deal tailored to your needs.
Upon accepting the offer, you can count on our dedicated professionals to handle the submission of your complete mortgage application and all essential supporting documents to the lender.
Furthermore, when the time comes for your next remortgage in Liverpool to be renewed, we will proactively reach out to ensure you are always on the most suitable deal available.
Our amazing team of fast & friendly mortgage advisors in Liverpool will offer all customers a free Remortgage review in Liverpool.
If you require remortgage advice in Liverpool, book yourself in for a free remortgage review today with one of our trusted Mortgage Advisors in Liverpool. We’ll be on hand, ready to go with your remortgage journey. No matter your circumstance, we’ll do our best to find you the best deal available.
If you are in the market to release equity from your home using a remortgage, searching for a better deal, or perhaps something else entirely, our experienced and affable team are here to get started on your remortgage process. We aim to get you through this one quicker and less stressful than the first time around.
Thanks to our vast panel of mortgage lenders, we have the ability to search through thousands of amazing remortgage deals on your behalf. We’re experienced with criteria, so will be able to match you up with the best deal for what you’re looking to achieve.
Here at Liverpoolmoneyman, we make sure all of our customers receive open and honest Mortgage Advice in Liverpool. You’ll be kept informed all throughout the process, with a fully transparent service. If one of our remortgage advisors in Liverpool believes you’re better off doing a product transfer, they will let you know. You are our top priority, and always come first.
To learn more about the levels of service we provide to all our customers, feel free to take a look at our amazing and genuine customer reviews. They warm our heart to see whenever they come in, and are a true representation of how hard we work for home buyers and homeowners alike.
We work 7 days a week, from early until late, offering a chance to speak with a dedicated remortgage advisor at a time that is convenient to you, appointments subject to availability. This means you’ll even see us working on weekends and in some cases, on bank holidays too!
As you head towards the conclusion of your initial fixed mortgage period in Liverpool, you’ll need to take a look at the options that are available to you.
Generally speaking, people will research their options for a Remortgage, as at this point, you will be switched automatically onto your lenders Standard Variable Rate.
The interest rates involved with an SVR will almost certainly be higher than your initial fixed mortgage period, which means your mortgage payments will go up.
Because of this, lots of customers look to get Remortgage Advice in Liverpool ahead of time.
Over the years we have helped many customers to release equity from their homes as a means of them being able to fund any home improvements.
By “home improvements” we mean large scale renovations, such as a home extension, a newly remodelled kitchen, or a loft conversion.
If you are wondering what your options are for releasing a vast amount of equity to help fund any new home developments, there are plenty of mortgage lenders who may be willing to help. It’s worth remembering though that there are some who will want to see quotations for the work you’re going to be undertaking.
Consolidating any of your unsecured debts into your mortgage is possibly a great way of merging all your outgoings into one easy to manage, more consistent monthly payment.
You should always remember though that this type of action will extend your debt over the duration of your mortgage term and means you will be paying back more overall. There’s lots to look at before you explore debt consolidation remortgages.
Bearing all of this in mind, we would absolutely recommend that you speak with a trusted Mortgage Advisor in Liverpool prior to securing any of your debts against your main asset; 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.
If you are listed as a co-owner of a property in Liverpool and would like to have someone’s name removed from your mortgage, you will need to start looking at the deals available to you for a remortgage.
Even if you were to remain with your current mortgage lender, you’ll be going through a similar mortgage process as when you first bought your home. The reason for this, is because the mortgage lender needs to remain confident in your creditworthiness and ability to maintain monthly mortgage payments by yourself, without needing to fall back on another party.
To learn more about these common Remortgage scenarios, feel free to take a look at our collection of Remortgage Guides. To get started on your own remortgage in Liverpool, book a free remortgage review today and a dedicated remortgage advisor will take a look at your case for you.
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Liverpoolmoneyman.com & Liverpoolmoneyman 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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Liverpoolmoneyman.com & Liverpoolmoneyman 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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