Remortgage
Your mortgage may have been the most suitable deal for your circumstances at the time but is it still performing as well as it could?
When you re-mortgage, you are essentially replacing your existing mortgage with a new one, moving your debt from one lender to another. There are thousands of mortgages available across the market and Independent Lending will take into account what different lenders are offering at present and find the most suitable deal for your new circumstances.
Re-mortgaging is a good way to escape high variable or fixed interest rates, especially if you are paying the standard variable rate (SVR) to your existing mortgage provider. By moving your mortgage you can potentially help save money.
As well as reducing your monthly payments, you can also use re-mortgaging to release the equity that’s built-up in your property over time. If you have owned your property for several years, it is likely to be worth more than your outstanding debt therefore taking out a larger mortgage could release some extra cash, for example to pay for home improvements or for debt consolidation.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. Think carefully before securing other debts against your home.
Buying your home should be a great experience, one that’s exciting and stress free. But this hinges on the quality of advice you get from the start.
Independent Lending are specialists in providing mortgage advice.