With record low mortgage interest rates, it’s probably a good idea to review your current mortgage deal, especially if you’ve been with the same mortgage lender for several years.
Many borrowers choose to switch their mortgage every few years in order to take advantage if better rates are on offer.
Those that remain on the same deal for the full term of their loan could be losing out on a number of benefits, not least the opportunity to reduce their monthly repayments but also on the total amount that is due to be paid back, which in some cases could amount to thousands of pounds being saved over the term of their mortgage.
If you currently have a mortgage, there is a good chance that you may be paying out more money each month than you should be.
Depending on the size of your mortgage, you could save a hundred pounds or more each month by simply switching lenders.
If you’re the kind of person who shops around for the best deal when you are buying a car or a holiday, then you could be missing a trick by not using the same skills to save money on your mortgage repayments.
Remortgaging needn’t be a hassle.
Even if you can save hundreds of pounds by shopping around, the thought of trying to switch your current mortgage may seem like a hassle you could do without.
However, remortgaging isn’t nearly as much hassle as you may think, because, that’s where we step in and do all the work that is involved in finding you a fresh deal that can lower your monthly payments and maybe even help you to pay off your mortgage quicker.
We will search a comprehensive range of mortgages from across the market to find the best deal to suit your particular circumstances. We will also complete all of the re-mortgage paperwork with you and help manage the process where appropriate, by liaising with lenders, solicitors and surveyors to make sure everything goes as smoothly as possible.
FREE QUOTE
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By submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.
Our Fees
Our mortgage advice service is completely free unless your loan amount is below £100,000, or your application involves debt consolidation.
Where the loan amount is below £120,000, the scale below regarding our fees will apply –
- Loan value between £75,000 and £120,000 a fee of £235.00 will apply.
- Loan value between £50,000 and £74,999 a fee of £285.00 will apply.
- Loan value under £50,000 a fee of £325.00 will apply.
- For cases involving debt consolidation a fee of £325.00 will apply.
This fee becomes payable once the proposed lender issues the mortgage offer.
Should a fee apply, we will explain what you will be charged prior to proceeding with your application.
We will receive a procuration fee (commission) from the lender upon completion of your mortgage. This amount will be confirmed by the lender in their illustration document.
Should you wish, you can request to view the procuration fee (commission) rates from each of the lenders we considered at the time that we make our recommendation to you.
The Mortgage Advice Service can help point you in the right direction, providing you with friendly, professional and confidential advice when you need it most.
