01908 597655It’s been an eventful few weeks in the mortgage world, with Rishi Sunak’s announcement of the Budget 2021, mortgage rates on the rise and inflation increases all dominating the financial press.
So, what does all this mean for our Mortgage Light customers? We’re here to explain all. [Read more…]
Whilst you can remortgage at any time, it’s a good idea to remortgage at a time when you’ll reap the benefits of doing so. Remortgaging usually comes with financial implications and generally has some upfront costs, so it doesn’t always make initial sense for your bank balance.
Remortgaging gives you the opportunity to shop around and secure the best mortgage deal for your circumstances. Let’s look at the reasons why you might choose to remortgage, and the best time to undertake this process. [Read more…]
By remortgaging, you may be able to access some cash against your home. This is known as equity. It’s the difference between your home’s current value and the amount owed on your mortgage.
Over time, you may find that the value of your property has increased as property prices go up, or following some home improvements you may have carried out. At the same time, you may have paid down your mortgage borrowing. Either of these events will result in an increase in the amount of equity available in your home. Combined, they can have quite a significant impact on the amount of it.
Remortgaging is the process of taking out a new mortgage to replace your current one on a property that already belongs to you. When you buy your mortgage, you don’t have to think of it as something that you’ll be held to for the rest of your life. Instead, think of it as something to re-evaluate periodically to make sure you’ve got the best deal for your situation. [Read more…]
Remortgaging your home can sound like a complicated process, but it doesn’t have to be. A mortgage shouldn’t be a one-and-done; it should instead be something that you re-evaluate at the end of a fixed or tracker term. In the same way as you’d review your car insurance each year when your policy ends, you should take a look at your mortgage when the term ends to make sure you’re getting the best deal for your situation. [Read more…]
With thousands and thousands of babies born each year in the UK, remortgaging whilst on maternity leave is a common concern. Remortgaging during this period can sometimes cause confusion and worry. If you’re having a baby, your life and your financial situation is likely to have changed a lot since your last application. [Read more…]
Remortgaging allows you to make sure you always have the best mortgage product available for your current personal circumstances. Although you don’t have to remortgage, it’s always worth exploring your options when the opportunity arises to see what deals are out there. You might find a more suitable mortgage product with an alternative lender, or you may be able to simply switch to a better deal with your current lender. [Read more…]
A mortgage should be seen as something that you review on a regular basis, particularly at the end of any fixed or tracker term, to make sure you are getting the best deal for your circumstances – just like you would with your car insurance. This remains the same for those who have used the government Help to Buy equity loan scheme to purchase their home. [Read more…]
You might assume that you can’t remortgage until your current mortgage term is complete, but that isn’t actually true. It is possible to remortgage early, but it’s important to decide whether this is the right move for you financially. [Read more…]
When it comes to mortgages, some people want to pay it off slow and steady over a long period of time, and some people want to get it all paid up as soon as possible. The one thing everyone has in common is wanting the best deal they can.
[Read more…]