For those who already have mortgages, obtaining a new deal at the end of a fixed rate or tracker product can prove difficult with existing lenders not being clear on what is available and new lenders subjecting you to their full application process often with additional loopholes depending on the requirements of your new mortgage.
Whether you want to re-mortgage for home improvements, debt consolidation, a separation or simply to obtain a better interest rate each individual lender will have varying requirements for the application.
You may experience difficulties because your existing mortgage is on an interest only basis and neither the existing provider and/or other mortgage providers are prepared to offer deals on this type of mortgage.
A specialist mortgage adviser can assist with the following re-mortgage enquires:
- Fixed rate and tracker deals ending
- Raising money for home improvements
- Raising money for investments
- Debt consolidation
- Re-mortgage due to divorce or separation
- Interest only re-mortgages
- Term reduction
- Product transfers with existing lenders
Our specialist mortgage advisors will assess your existing position and give you the best advice as to whether a change of lender is required, or if a better product can be obtained from your existing lender.
As a mortgage is secured against your home/property it may be repossessed if you do not keep up the repayments.