Could you save money or find a product which better suits your needs by remortgaging your home?
Remortgaging your home is when you take out a different or additional mortgage on a property you already own.
You could remortgage to save money when your existing deal is coming to an end or where you are still on your short term deal but believe that you could still save money by switching products even after the penalty fees or you could be on a standard variable rate and believe you could benefit from a fixed or capped rate.
You could remortgage to find a deal that better meets your requirements in terms of flexibility of payments or caps or fixing your monthly payments. You may want to release equity in your property in order to undertake home improvements.
Whatever the reason remortgaging could be beneficial to you and save you money.
If you’d like to consider remortgaging your home, the process will be basically the same as when you first took out your existing mortgage. You may think that this will be time consuming and essentially a hassle, but it needn’t be with Tom French and Associates. Our independent advisers will work on your behalf to make sure that you are on the right mortgage deal. They will manage the process on your behalf and complete all the paper work from start to finish through our carefully designed financial planning process.
Remortgaging is not suitable for everyone and we recommend that you speak with an adviser as there are a number of things you should think about before making your decision.