If your current mortgage deal is due to come to an end, or if you are thinking of the next big property adventure, a new kitchen, or even purchasing a second property, FOCUS can guide you through the options available to you when remortgaging.
Reviewing your options at the end of of your current mortgage deal
It is not always necessary to remortgage your home at the end of a rate. Most lenders will allow those that do not need to make material changes to their mortgage to simply switch their rate, this is a very cost -effective solution. Our mortgage advisers can help you decide on the most suitable option for you at the end of your current mortgage deal.
Remortgaging to fund home improvements
Remortgaging isn’t always about moving house. Your home may well provide you with the opportunity to extend or renovate. Many people look to remortgage in order to make improvements within their home, whether this be an extension, new kitchen or loft conversions. It is also possible to apply for a further advance on your existing mortgage and we are here to help you explore all the options available to you.
Remortgaging to a better rate
Remortgaging offers the opportunity to reassess your current mortgage rate and costs. Over time as you repay your mortgage and therefore have more equity within the home, you may be eligible for a better mortgage rate. Many clients look to find better rates with other mortgage providers when remortgaging rather than just taking a new rate offered by their current lender.
Funding for a second property
Another common reason for remortgaging is to look to raise some capital to purchase a second home or buy to let property. As the equity in your main residence grows, remortgaging can provide the opportunity to fund a second home or buy to let investment property.
