Re-mortgaging involves switching your mortgage to a new product with a new lender; but knowing which re-mortgage deal is best for you can be a headache. With so many deals available to choose from, how do you know which one is right for you? At Carter Lee, we will research the whole market to find the best deal for your circumstances and help to arrange your re-mortgage.
Reasons for re-mortgaging:
Re-mortgaging can help to save money. If you are currently paying your existing lender a standard variable rate you may still be able to secure a better rate with them. Alternatively, if your existing lender is unable to offer a better rate we can help you look at the options of switching to another lender.
By re-mortgaging your property, you may be able to consolidate your debts by releasing some of the equity in your property to reduce your monthly outgoings, although you may pay interest over a longer period.
Some people go down the re-mortgaging route to raise money. You may be able to release some of the equity from your property to pay for major outgoings such as home improvements, schools fees or to purchase an investment property.
The team at Carter Lee will help you to look for a better interest rate and we will only advise you to switch if it’s better in the long run. We will always provide clear guidance on the pros and cons and present you with clear options, tailored to your specific needs.
For more information about re-mortgaging, call Carter Lee on 01792 416260 or email us with your specific enquiry at firstname.lastname@example.org.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.