Popular Reasons to Remortgage in Liverpool
Remortgage to Find a Better Deal
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.
Remortgage to Fund Home Improvements
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.
Remortgage to Consolidate Debts
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.
Remortgage to Remove a Name
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.
Why choose us for your Remortgage in Liverpool?
Our amazing team of fast & friendly mortgage advisors in Liverpool will offer all customers a free Remortgage review in Liverpool.
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!
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.
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.