Is It Worth Remortgaging?
Remortgaging is usually worth it if your current deal is about to end, your home has risen in value, or you can move to a lower interest rate. It is often not worth it if you would face a large early repayment charge, your remaining balance is very small, or the fees would cancel out […]
Mortgage After Repossession: Can You Get One?
Yes, a mortgage after repossession is possible, though your choice of lenders will be more limited than for a standard applicant. A repossession is treated as a serious adverse credit event, but your eligibility improves as time passes. Most high-street lenders will decline applications in the first few years, and you will need to work […]
How to Fund Home Improvements in the UK
Whether you are planning a loft conversion, a new kitchen, or energy-saving upgrades, finding the right way to fund home improvements is one of the most important decisions you will make. Funds can generally be used for any improvement, from decorating to major structural work, and there are more options available than most homeowners realise. […]
Remortgage for Debt Consolidation
For many homeowners, remortgaging represents an option to bring debts under control. Specifically, it’s possible to combine several outstanding balances into one single monthly repayment. In this guide, we explain what debt consolidation remortgages are and how they work, while also looking at advantages and drawbacks and highlighting alternative solutions for those who find that […]
Remortgage Valuation Guide
Remortgaging is a way to lower your interest rate, cut monthly repayments, or release equity from your home, whether you’re moving to a new lender or going with your existing provider through a product transfer, applying both if you’re remortgaging your main residence or a second property. Before any new deal is approved, however, lenders […]
Remortgaging When You’re Self-Employed
Being self-employed makes getting a mortgage feel more daunting, and remortgaging is no exception, yet it’s far from impossible. While lenders will ask for additional evidence of your income, the process is very much achievable with the right preparation. If you’re looking to secure a more competitive interest rate or release equity, then remortgaging […]
When to Remortgage
You’re free to switch to a new mortgage deal or lender whenever you like, but it does take a bit of planning because it’s important to weigh up interest rates, potential savings, and any charges involved in moving your mortgage. Time your remortgage well, and you’ll make a significant difference to your long-term costs. Get […]
Should I Remortgage Now?
Remortgaging replaces your mortgage with a new deal, either with your current lender or a different one. People do this very frequently in order to secure a better rate and so reduce their monthly repayments. In fact, switching when your existing deal comes to an end could save you thousands. That said, with interest rates […]
Is Remortgaging Easy?
If you’ve got a good, secure job alongside an excellent credit score, then remortgaging will be a straightforward process for you. However, if your financial and personal situation veer slightly from this standard, then things can be a bit more complex. In this guide, we’ll look at how easy remortgaging is in the right circumstances, […]
Remortgage Conveyancing
Remortgaging is usually simpler than your first mortgage, but it still involves some legal work. If you are switching to a new lender, a solicitor or licensed conveyancer handles that legal side for you. This guide explains what remortgage conveyancing is, the process, how long it takes, what it costs, and when you need a […]