If you are looking to remortgage your property because you’re at the end of a fixed rate mortgage or because you simply want to save money, Firco gives you an indication of the best remortgage deals currently on the market.
With interest rates at all-time lows, it can be difficult to know what to do when you come to the end of a fixed or discounted-rate mortgage. Should you remortgage with the same lender or move to a new lender altogether?
Regularly reviewing your mortgage and keeping abreast of the mortgage market makes good financial sense. Furthermore, we all know moving house can be a stressful and time-consuming process, not to mention a costly one. Between legal fees, stamp duty and removal costs, the bill can rack up at an alarming rate. So if you are motivated by lower repayments or home improvements, now could be a good time to remortgage instead of move.
You should be considering a residential remortgage if any of the following apply:
- You are coming to the end of your initial rate (for example, the end of your 2-year fixed period) and the value of your repayments are about to increase.
- You are on your lender’s standard variable rate(SVR).
- You would like to do work to your property.
- Your circumstances have changed, or your property value has increased and you want to improve on your initial terms.
- You would like to release equity for investment purposes or to clear debts.
- You would like to reduce your mortgage.
- You are planning to move house but would like to keep and let your current property.
It’s important to be prepared, and to have certain information to hand such as who your current lender is, what your rate is, when it expires and whether they are any early repayment charges payable. You should also speak to your current lender to see what they can offer.
By choosing Firco, as your expert he will help by researching the market and recommending the best product, considering the mortgage set-up costs, whether the product is portable to another property, and the cost of any early repayment charges. Regardless of whether you’re remortgaging to save money, release equity or because you’re at the end of a preferential rate, our experts can help save you time, effort and money.
We don’t tend to publish mortgage rates on our website. In most cases rates are negotiable and based squarely on the individual circumstances of the borrower, their plans, assets and income.
Firco are independent mortgage brokers who has strong relationships with the key lenders in the UK mortgage market, including those private banks who do not have a high-street presence. Arranging bespoke mortgage solutions for clients, providing a tailored one-to-one advisory service, delivered face-to-face or remotely, depending on what suits you.
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