Re-mortgage is where your current deal is coming to an end and you have a great chance to let Coastway Financial review and shop around the mortgage market for you to cut your interest rate. Re-mortgaging is also a great chance to maximise the equity you have in your home for example if you have higher interest rates debts, planned home improvements or even your dream extension. Everyone is different and one size does not fit all so make sure you shop around to get the tailored deal that fits you. We recommend looking at the re-mortgage process up to 6 months before your current deal finishes, don’t leave it to the last minute as it could cost you with a more expensive rate.
See what we wrote about Remortgages and how simple it can be. Remortgages 101 – The what, why & when from Scott our Mortgage Advisor who is great at getting out of traps! For the full article go here: Facebook Post
You may have to pay an early repayment charge to your existing lender if you remortgage
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE