Remortgage

Remortgage
remortgage rates

For the last 12 months it has been difficult for many people to take the decision to remortgage to a new product because of the fear that rates may drop further and the base rate is still at an all time low (Feb 2012). If you are still on your SVR you may have seen it increase over the last six months or so, even though the Bank of England Base Rate has held at 0.5%. You may now be thinking it's time to take a new remortgage deal.

The majority of remortgage rates come with free legals and valuation.

We think you maybe pleasantly surprised at the rates currently on offer to you. We can carry out a no fee, whole of market analysis to see if there is a product that would suit your needs. If we cant offer you a better mortgage deal, we can put you on a review for a future date or come back to you sooner if we feel there is a product that maybe of interest to you.

If you have never changed lender and always taken one of their products available to you at the time, it's likely you aren't geting the best deal for your circumstances. Please rest assured we are not here to hard sell, but to get you the best deal from the whole market. If your existing lender offers you an existing customer only deal and it's better than what is available from the whole market, we would say for you to take it- and we'll talk again in the future.

Remortgage above 80% LTV (less than 20% equity)

For many people who are in the higher LTV range of 80% and upwards (less than 20% equity), it has made sense to come out of their existing deals and move onto the lenders SVR, Standard Variable Rate, rather than remortgage if possible. There has despite all of the media hype, been a sensible increase in product availablity for the higher LTV's.

Lenders set their own SVR and should not be confused with Tracker products. The lender can at any time increase their SVR by a margin NOT inline with the Bank of England Base Rate- so the Bank of England holding the Base Rate as of Feb 2012 at 0.5% doesn't mean lenders will not increase their SVR as many have been doing so since the end of 2009. You can almost be certain that if the Base Rate does increase that many lenders will increase their SVR!

Contact us today, let us know your circumstances and we'll report back and let you know your options and if you are intersted we can then fully assess your circumstances to make a recommendation.

Remortgage under 80% LTV (more than 20% equity)

For those under 80% LTV (more than 20% equity), you have a good selection of rates and deals on offer to you when accessing the whole of the market. Reasonable product, arrangement fees and rates be it tracker or fixed are widely available.

Key care principles for clients looking to Remortgage

  • No fee mortgage advice
  • Whole of Market
  • Contactable when you need us
  • Access to exlcusive mortgage rates and lenders not available directly to the public
  • Constant analysis of lender criteria for placing mortgages
  • Exceptional levels of customer service
  • Access to dedicated intermediary only Conveyancing Solicitors to save you money if your mortgage product does not have free legals included