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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 Advisor 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 best product available for your situation.
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.
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.
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.
4.98 Rating213 Reviews
Sarah
Highly Recommend! Such a good service Jason and Jo made the whole process stress free from start to end.
Dylan
Great to work with, fast and reliable and very good communication
Paula
Brilliant service they get back to you when they say they will. So Patient and helpful.Special thanks to Jo
Stephen
10/10 above and beyond from Dan and Louise couldn’t recommend these guys enough top class service
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...
Stacey
Great help in the process in securing my offer and would recommend to a friend Helpful with communication
Ronald
The Representative new his business and guided us through to completion without any major hurdles to climb
Julia
I cannot thank chris enough for all the hard work and support he has provided me right from my first contact, to finding me a mortgage and going through the survey with me and all the other help he has provided. Chris has gone above and beyond with...
Hannah
Fantastic, personalised service from beginning to end. Leo and Lyndsey were great at communicating when any issues arose, and keeping me informed of any updates.
Ellen
Matt and Jennifer have been wonderful. They have made a very intimidating process easy to understand and have guided me through the process every step of the way. Matt's experience will help you to secure the best mortgage whatever your situation,...
Michael
I have been with liverpoolmoneyman for 5 years now. Great service and advice as always. They help you every step of the way, I highly recommend them.
Abbie
The service was very quick and efficient and we managed to secure a great deal against a tight deadline.
Georgia
Leo and meghan were both very helpful and never made it feel like we was bothering then. No question was deemed a stupid question.
Sophie
Brilliant service, did everything we needed for our remortgage, made the process as simple as possible.
Mark
My experience was amazing so smooth, everyone was brilliant from the start and tom who I dealt with was second to none 👌🏻. Thank you all and I will definitely be recommending to friends
Noel
Very impressed they sorted everything out from start to finish thank you.
Allan
Used this company to help with a remortgage Extremely efficient and got me a great deal within a few days Always kept me upto date with what was happening and very professionall and helpful Highly recommended
Michael
Best decision going to Liverpool money man. Our advisor Matt Collinson has been incredible with his help, explaining everything clearly and making sure we understand everything. His team have also been wonderful, particularly Wendy Olsen who has...
Gaynor
Helpful friendly advice from everyone involved
John
We would recommend Liverpoolmoneyman to anyone !! Very good, very helpful, very friendly, very nice, clear information given with full explanations !!
As your Mortgage Broker in Liverpool, our first job is to carry out a Fact Find on you to get a bigger picture of your personal and financial situation, so that we can recommend the most suitable mortgage for you. In order to obtain an Agreement in Principle, you will also need to have a credit check performed on you. Once you have provided all the relevant evidential documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.
It is more than likely that if you roll straight onto your lenders SVR (Standard Variable Rate of Interest) then your monthly payments will go up. That’s why they love it when people forget that their deal is coming to an end. We will do our best to find you a competitive remortgage deal in Liverpool that could even end up saving you money. 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 home improvements such as a kitchen extension.
It is possible to remortgage and increase the size of your mortgage to pay off any unsecured debts you may have. Before you rush into anything, there are sometimes downsides to doing this, so we always advise that you speak to a Mortgage Advisor in Liverpool, like us who can explain everything about debt consolidation.
Your initial free remortgage consultation in Liverpool will last around 30 mins. We will then search through thousands of remortgage deals over our panel of 38 lenders and compare them to your current deal to see if we can find a perfect deal that can save you some money. You can then decide whether you wish to go ahead and continue with us.
There are some obvious fees that come with remortgaging, they will be similar to ones that came with your current one. However, if you went to a Mortgage Broker in Liverpool, they can talk you through all of the costs and sometimes show you where you can save money. There are probably some ways to reduce your mortgage arrangement costs in Liverpool.
Yes, you can get a second mortgage. You can take out a second mortgage for your current home for things like debt consolidation and home improvements. It is also possible to take out a second mortgage for another property if you want. Usually, this situation comes about when people are interested in a holiday home, are buying for a friend/family member or want a Let to Buy or Buy to Let.
It is possible but it can be a bit tricky though. When you have had previous credit problems your minimum deposit that is required could rise, we have seen it at 15% before. Having a Specialist Mortgage Broker in Liverpool could really help you get back on track in situations like these.
If you’re an employee, you will usually have to supply three payslips in order to prove your income. If you are Self Employed in Liverpool its normally the latest 2 years’ accounts. You will also need to produce proof of ID, address and 3 months’ bank statements.
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.
