Remortgage for a better deal best rate or to save money

Completing a remortgage is done for a variety of reasons mainly to save money is the most common reason and can be alikened to witching Gas/Electric providers etc to save money.

A mortgage is a debt and the way of saving money is by acheived the lowest APR rate in terms of repaying it. If two customers borrowed exactly the same amount of money over the same number of years and one is paying a rate of 2% and one of 4% the 2% payments will be less they will both be repaying the capital but less interest charged on the lower rate 
There are a lot of customers/clients that one there intial rate has ended then move on to a standard variable rate and generally speaking this is higher than a new rate or new deal offered by many lenders doing remortgages. Most lenders will also cover the main costs in remortgaging such as Valuation costs or legal fees.

The ideal time to review your mortgage is around 3-6 months before your initial rate ends and a new deal can be applied for however its important the new deal does not complete until your current rate has ended to avoid costly , penalties sin some scenarios it can be beneficial to move before the rate ends but its important to seek advice and our qualified advisors will advise on this scenario.

Remortgage for a better rate - One of the most common reasons to remortgage there can be considerable savings from moving from a high standard variable rate to a new deal.

Remortgage for saving money - is again pretty much the same thing as a better rate some people will chose to keep the mortgage term the same and benefit from a lower monthly payment and some will decide to reduce there mortgage term so pay the same monthly payment but reduce the years and months the main factor in this will be the clients preference and monthly budget

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Testimonials

  • Hayley has been absolutely amazing, She’s helped me to obtain a mortgage when I’d lost all hope of getting one. Hayley has always been so friendly and polite and nothing has ever been too much trouble for her. She’s been totally approachable at all times and has often taken calls from me to provide advice etc late at night. Whilst working on my mortgage with Hayley she has always made me feel relaxed and has talked me through everything I’ve needed to do and has made the whole process stress free.

    I can’t praise Hayley enough and must say what an asset she is to your company. It’s been a real pleasure dealing with her and hope to speak to her in the future when we look to remortgage in 2 years.
    Faye Martin

  • We had Jason as our advisor and he was fantastic throughout. We were limited with our options due to being self employed and only 1-2 years of books. Jason was extremely helpful throughout and managed to get us a fantastic deal. Communication was great and he was so responsive to all enquires, even on weekends, bank holidays and he has just replied to an email even though he is on holiday! He really puts the work in and made it such an easy and simply process for us, and being first time buyers, this was all we wanted. It's been 3 months after getting in touch with him and we already have the keys to our new home! Not only is he professional, he is generally a really nice guy and understanding to any circumstances. We couldn't sing his praises enough and will be recommending his services to all of our friends and family.
    Joe Beavan

AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.  THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. View Finance Ltd is an Appointed Representative of Finance Advice Group Ltd, which is authorised and regulated by the Financial Conduct Authority under number 624517 in respect of mortgage, insurance and consumer credit mediation activities only. The Financial Conduct Authority does not regulate some form of mortgages and loans, including most types of Buy to let mortgages and also Limited Company lending. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. Registered office address: 42 Friar Gate, Derby, DE1 1DA. Registered in England and Wales, company number 11265177.