Remortgaging

Finding the best remortgage deal for you

Remortgaging is the process of switching an existing mortgage deal for an alternative one.  This can be done with the same lender, but typically many borrowers switch lenders as better deals are offered to new borrowers than existing borrowers.  Borrowers usually switch to new mortgage deals to avoid paying the Standard Variable Rate (SVR) that becomes active once the fixed promotional deal comes to an end.  In some cases, you can save money by switching deals before the fixed or preferential mortgage rate has expired and even in spite of paying the Early Repayment Charge (ERC).

Whether you want to remortgage to reduce your monthly payments, increase your monthly payments, take advantage of the reduction in interest rates or reduce your mortgage term, it’s important to compare interest rates from various lenders.  Furthermore, you will also need to make sure that the fees, promotional deals and tie-in periods are right for you.  Therefore, you should choose a mortgage broker that has access to the whole mortgage market and the experience to secure the deal that best suits your needs. 

Integrity Finance and Mortgages can help you to achieve that, so do contact us today to make an appointment.