Advice For Remortgaging

Many mortgage loans offer specific rates that are only valid for an initial period of time. When the period expires you could be switched to a less competitive alternative product. Unless you take the trouble to have this reviewed you may have to pay much more over the years to reduce your mortgage debt.

Having to remortgage every few years is a complete pain – before you know it, it is time to start again researching and evaluating the different mortgages on offer from all the different lenders.
Our mortgage advisers at Search Mortgage Solutions make it a lot easier for you by sourcing and arranging the most suitable remortgage deal to suit your needs and rechecking them periodically as the years tick by.

It is definitely a wise decision to have your mortgage reviewed by a ‘whole of market’ mortgage broker as the end of your current deal approaches. The other option is to continue with the same lender and risk paying a higher rate than necessary.

Alternatively you may wish to remortgage your property to release equity for home improvements, buying a car, or to help your children to buy their own home. This is absolutely no problem as long as your financial circumstances fit the required criteria of the lenders.

Once we have set up your new mortgage, we will regularly take a look to ensure that you have the best deal available throughout its full term. There is little point in paying more than you need to.

Remortgaging can be complicated so it is not advisable to do it yourself on the internet. It always pays to use the services of a professional mortgage broker to ensure that you are not paying more than necessary.

We would be delighted to review your current mortgage deal to see if any savings could be made by searching the whole of the market on your behalf. If we cannot improve your current deal, we will arrange to conduct a further review at a mutually agreed time in the future.

Protection insurance is strongly recommended for your peace of mind. Please refer to our separate web page ‘Mortgage Protection Insurance’ which gives details of how we can help with this.

Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.