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Remortgage Advice in Middlesbrough

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Let us Find you the Perfect Remortgage!

Towards the end of your mortgage term, it’s recommended that you start looking at a Remortgage. This is where your Mortgage Advisor in Middlesbrough will look at your current deal and looks to help you switch to one with better interest rates.

 

If you’ve spoken to a Mortgage Broker in Middlesbrough like us, you’ll usually be sent a reminder around 6 months before your term is due to finish, in order to get the ball rolling ahead of schedule.

 

Remortgage rates mostly track the base rate of the Bank of England. At the time of writing, interest rates have been at an all-time low since March 2009. Those who are currently on higher rates may be able to transfer to a lower rate, saving them money on their monthly repayments.

 

No matter what type of remortgage advice you need, as a dedicated and committed mortgage broker in Middlesbrough, we will do all required to make sure that you end up with the best product available for your situation.

 

Whether you are looking to fix your mortgage interest rate for a new fixed period, needing to remortgage because you are separating/divorcing or just need to raise money by remortgaging, we are here to assist.

 

We will literally search through thousands of deals in order to find the best remortgage to suit your particular circumstances.

 

We are completely Open & Honest with our mortgage advice in Middlesbrough, if we can’t find you a better deal, or if the best solution is to stay with your current lender, then we will be sure to let you know.

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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First Class Remortgage Advice in Middlesbrough

A remortgage consultation can usually save you time and money as our Mortgage Advisors in Middlesbrough be pointed in the right direction on where to go from the start.

 

Perhaps you want to raise money from your mortgage to pay for home improvements such as a new roof or extension and your current lender won’t let you do this, or another reason to remortgage could be if the value of your home has increased considerably since you took your existing mortgage out.

 

By remortgaging you could be on the receiving end of a much more favourable deal thanks to all that equity. Perhaps you’ve changed jobs and have a much bigger salary? You may want to repay some of your mortgages but your current mortgage provider has a steep repayment charge; this would certainly be another reason to remortgage. In summary then:

Why you may be keen to remortgage

  • You want to switch from a variable to a fixed interest rate.
  • Your bank says they won’t let you remortgage due to your poor credit score.
  • You want to remortgage in order to raise money for a home extension or some other property repair.

Why using a Mortgage Broker in Middlesbrough is a good idea

  • We have the time, and expertise to find you the best deal possible.
  • Remortgaging can prove confusing. We’re just at the end of the phone if you have a question to ask or just need a little reassurance. If you are particularly anxious about the whole process then we’ll hold your hand throughout.
  • You can find out what we managed to do for previous clients by checking our reviews at Reviews.co.uk

Contact Our Friendly Mortgage Advisors in Middlesbrough

We can search 1000s of deals for you. It’s just a case of honing in on which one is right for you. Certainly, you may be very surprised – and delighted – at how much we can save you when compared to your existing mortgage provider when you approach us as your Mortgage Broker in Middlesbrough.

 

If you’ve already been applying for a remortgage from your high street bank or building society and been unsuccessful then why not try contacting a Mortgage Advisor in Middlesbrough? We may be able to help.

 

As your mortgage advisor in Middlesbrough, we are here to help you.  Get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage
questions

Your chances of saving money go up if you are on your lenders SVR (Standard Variable Rate of Interest). We will compare the new products available against your current mortgage deal, in order to work out these savings for you. If you have equity in your property, a remortgage would also allow you to release some of this money if required. Usually, this is used for things like home improvements.

You can remortgage and increase the size of your mortgage to pay off any unsecured debts you may have. Please do not rush into this though as there are some downsides. We recommend that customers always seek Mortgage Advice in Middlesbrough before consolidating debts!

Your initial free remortgage consultation in Middlesbrough will last around 1 hour. We will then compare a new deal vs your current product and recommend the most appropriate one, with no obligation to you. You can then decide whether you wish to go ahead with the mortgage or take a step back.

The fees will be similar to the ones involved when you started your current mortgage. However, your dedicated Mortgage Advisor in Middlesbrough will run through all of the fees with you. Taking these into consideration when comparing the savings of the new deal vs your current mortgage.

As your mortgage broker in Middlesbrough, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

It may be possible to get a second mortgage on your home for things like debt consolidation or home improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.

It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, address and 3 months’ bank statements.

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We make it so easy!
Our 4 step process

Step 1

An initial telephone call where we take some details and look at your Remortgage plan.

Step 2

A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!

Step 3

We will search and compare 1000s of products to find you the most appropriate deal.

Step 4

Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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