Remortgage Broker Manchester, Remortgage Property Manchester, Fee Free Remortgage Advice

Search Mortgage Solutions Manchester

1st Floor, Canada House, Chepstow St, Manchester

5.0 27 reviews

Ed Pollard

a month ago

I have used David and his team at Search Mortgage Solutions on a number of occasions and every time, his availability, advice and knowledge have been absolutely invaluable in helping with our mortgages. This has included some tricky, urgent issues to help us secure the house we wanted. The only thing that will stop me using David is when he retires! Thank you David for all your help over the years.

Nick Ventolini

3 months ago

David regularly proposes the most convenient deal and solution in the best of your interest. Professional and trustworthy, highly recommended.

1st Wootton Beavers

5 months ago

David was really easy to deal with, I swear he works ever hour under the sun! great service and thank you for sorting out my minefield of a mortgage (well, it felt like that to me, but you made it simple!) Will be using you next time i buy a house for sure :)

Advice For Manchester Remortgages

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. 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. 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.

Remortgaging your Property

Remortgage Property Manchester

It is definitely a wise decision to have your mortgage reviewed by a fee free ‘whole of market’ Manchester based 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. If you are looking for a remortgage Manchester mortgage advisor or buy to let remortgage Manchester based advisor call us today for a completely fee free remortgage service.

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 remortgage, we will regularly take a look to ensure that you have the best deal available throughout its full term. There is no point in paying more than you need to.

Completely fee free

Completely fee free Manchester Remortgage Broker

Our Manchester based advisors can offer guidance and solutions to all scenarios in relation to arranging a remortgage.
Use our Experience and Knowledge to place your applications with the most suitable lender , based on your circumstances.

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.

Search Mortgage Solutions and our Manchester remortgage advisors can advise on a whole range of remortgage Manchester based scenarios.

How we can help

Help with your Remortgage

Are you wanting to remortgage to add or remove a name from an existing mortgage
Are you looking to remortgage your current property on to a buy to let / let to buy
Are you looking to remortgage to consolidate some existing debts ie debt consolidation
Are you still wanting to remortgage to a better deal , but your circumstances have changed since your original mortgage completed
You are self employed and not sure of what is needed to suit lenders criteria for a new re mortgage
Have you had previous credit issues and wish to look at all your remortgage options
You have approached a Bank Direct and have been declined or they won’t lend you enough

Remortgages Frequently Asked Questions

What is a remortgage ?

A remortgage is when you take out a new mortgage on a home that you already own. It can be to replace your existing mortgage or to borrow money against your property.

A mortgage for most people is their biggest financial commitment. By regularly reviewing the rates on their current mortgage, this can produce savings, sometimes £1000s each year on their payments. There can be positives and negatives to remortgaging.

Here are some reasons why you may want to re mortgage:-

Your current deal is about to end.

Most of the best mortgages deals available only last a short time – often two to five years. When it comes to an end, your lender will put you on its standard variable rate (SVR). This is likely to be higher than your current interest rate and higher than the best deals available via a broker. This is the time to review your remortgage options and secure a more competitive rate.

You want a better rate.

If you are tied into a mortgage deal then you might have to pay an early repayment charge (ERC) which can be high, often 2-5% of your outstanding mortgage amount. In addition, there may also be a small exit fee (often called an ‘admin fee’ or a ‘deeds release fee’). This doesn’t mean you shouldn’t consider it as the savings can be huge (especially if you have a large amount of mortgage debt). You just need to do your sums before looking at the switch options.

Your home has gained value.

If the value of the property has risen since you took out your initial mortgage, you may find you are eligible for a more competitive rate due to a lower loan-to-value band. Again, you need to fully review your calculations to see if it is cost effective.