THINK CAREFULLY BEFORE SECURING DEBTS AGANST YOUR HOME.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP REPAYMENTS  ON YOUR MORTGAGE

 

Mortgage interest rates are currently at some of the lowest in living memory. With this in mind, it is a very good idea for EVERYONE to have a financial review, not just those moving to a new house.

 

What is a remortgage?

 

A remortgage is where you take out a new mortgage on a property you already own – either to replace your existing mortgage, or to borrow money against your property. Around a third of all home loans made in the UK are remortgages.

 

Why remortgage?

 

There are a number of good reasons to remortgage your home! A remortgage can allow you to reduce the loan size and potentially get a cheaper rate as a result. Perhaps you would like to extend your current property and need to raise the capital to do so, remortgaging could release that capital tied up in your home and allow you to make home improvements.

 

What we will discuss:

  • How much you currently owe?
  • Do you have any Early repayment charges?
  • How much equity you have?
  • What you can afford to repay each month?
  • When you’d like to pay it off by (mortgage term)

 

Remember:

 

Taking advice from a qualified expert offers you extra protection because if the mortgage turns out to be unsuitable, you can complain to the Financial Ombudsman Service (FOS). If you choose to go down the ‘execution-only’ route (where you make decisions on your own without advice), there will be fewer circumstances where you can complain to FOS.

Get in touch today