Remortgage

Can I Change My Mortgage?

The simple answer to this question is yes, you can change your mortgage at any time you want. But it may be worth considering whether you should change your mortgage and whether it is to your advantage to do so. There are many attractive mortgage products on offer at present, and after several years of cautious lending, the main banks and buildng societies are starting to compete for your business again. So it could be that you could SAVE MONEY by changing your mortgage to get a lower interest rate.

But there are other things to consider, for instance i) Will you have to pay a redemption penalty to your current lender? ii) Will your current lender offer you a better deal if they are approached in the first instance? iii) Do you think you may want to move house in the next few years (this may affect the suitability of a fixed rate mortgage or any mortgage that ties you in for a fixed period).
All things considered it can be a difficult decision and you are always advised to seek independent advice. You don't have to look too far back in the past to see that the banks and building societies do not have a great record for giving you good advice (they can only advise on their own products). Independent Advice comes FREE & WITH NO OBLIGATION and you do not have to follow the recommendations made if you don't want to.

By completing our NO OBLIGATION FORM we can look into this for you in the strictest confidence to see what is avilable to you. Every case is unique but our vast experience will ensure that you get the best deal out there!
How To Remortgage?

We can search the WHOLE UK MARKET to get you quotes from all the High Street lenders such as Abbey National, The Woolwich, Nationwide, NatWest etc. We will quickly find you the CHEAPEST deals to choose from to SAVE YOU ££££s! There's still plenty of great mortgage deals out there if you know where to look. COMPLETE OUR NO OBLIGATION FORM FOR YOUR FREE NO OBLIGATION QUOTE.

Always seek independent advice when considering your mortgages options. We will access the whole market to find you the best product for your circumstances.

You no doubt want to ensure you get a better mortgage deal than the one you have. Whether you've just come out of a tie in (fixed rate, low start) or are looking to raise capital for any purpose our brokers will give you best advice. That advice may be to stay with your current lender.

Many lenders are now offering very attractive deals, but are they what they seem? An independent broker can compare these deals for you and advise whether there are any unfair charges or tie in periods that may not be apparent to you.

What if you need to raise cash or want to sell your house quickly? Many people have found they are prevented from doing this or subject to high redemption penalties (of several thousand pounds) when presented with this scenario.

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“Thank your team for a truly excellent, top class service over a remortgage just completed especially Simply Finance who were very efficient.They will be highly recommended as far as I am concerned, in the future.”

Rosalind, Chesham

“When I visited your website I was desperate as my finances were in a real mess. You recommended us to a mortgage adviser and through their help and patience secured a mortgage for me through a building society who were sympathetic to my needs.

“For the first time in over four years I was able to sleep at night and thank you so much for helping me out. I have recommended you to all my friends and family.”

Robert, Crawley

“Thanks for an outstanding and efficient job. You guys are head and shoulders above all other websites I visited and the follow up from the mortgage advisers was prompt and efficient. You can be assured that I refer you to my friends as well as my clients.”

Julie, Brighton

“I thought that I would never be able to qualify for a mortgage after my bankruptcy. You are truly miracle workers.”

John, Surrey

“I was referred to RemortgageMe by a relative. It was at a time I needed real help in getting my financial situation in control.

“The whole process was so quick from filling in my details to the adviser calling me. I'm looking to complete on my remortgage next week.”

Peter, Nottingham

Can You Change Your Mortgage?

How to save £££s by remortgaging in !

With interest rates currently at an all time low why not find out what Best Fixed Rate, Offset, Tracker & Flexible Mortgages are still available. There are some great deals out there still if you know where to look & our service covers the whole UK market to compare every mortgage available to you, as well as some exclusive deals. You could save £££s by remortgaging with the right deal whilst interest rates are still very low!

:Some Of The Current Best Deals (please note there may be other deals more suitable for your circumstances). Some of these mortgages are EXCLUSIVE and not available elsewhere!

Rate	Monthly Payment On £100k Mortgage (25yrs)
	Interest Only	Repayment
1.24% - 2 Year Tracker	£103.33	£387.84
1.28% - 2 Year Fixed Rate	£106.67	£389.68
1.74% - Offset 2 Year Fixed Rate	£145.00	£411.31
1.84% - 3 Year Fixed Rate	£153.33	£416.11
1.99% - Offset Tracker	£165.83	£423.37
2.15% - 5 Year Fixed Rate	£179.17	£431.19
2.39% - Lifetime Tracker	£199.17	£443.10
2.99% - 10 Year Fixed Rate	£249.17	£473.69

Frequently Asked Questions About Changing Your Mortgage:

Changing From Endowment To Repayment?: It is generally good advice to have a repayment mortgage as by the end of the term (typically 25 years) the money you have borrowed will be fully repaid and you will own your property outright. Of course, the monthly repayments will be higher as you are paying off the loan which is not the case with an interest only mortgage. Interest Only remortgages were very popular in the 1970s & 1980s but there was a subsequent outrage when these arrangements reached maturity and the endowment policies set up to repay the mortgage loan were insufficient to pay back the full loan. Lenders were forced to pay many customers thousands of punds in compensation where it was deemed the endowment policy had been mis-sold.

Is Now A Good Time To Remortgage? The short answer to this question is YES! At least, now is a very good time to look at whether you should remortgage. Interest rates are currently very low and it could be that by changing your mortgage you can save thousands of pounds by getting a better rate than you currently have. It is certainly worth having a look to see what's out there - if you are currently on a very good rate that can't be beaten then it is worth the enquiry to find this out, as it doesn't cost you anything to look.

How Do I Change My Mortgage?: The easiest way to do this is to speak to a qualified Independent Mortgage Advisor. Unlike an employee at your current bank or lender they are duty bound to act in your best interests and give you Best Advice. If they fail to do this they can incur very severe penalties from the FSA (Financial Services Authority).

Will I Have To Pay A Fee?: Ironically most lenders do charge a setup fee for some of their best products. However, borrowers seem more reluctant to pay an independent brokers fee (which will be a lot less) despite the fact that the independent broker may save them thousands of pounds by researching the whole UK market and pointing out any hiddent lenders fees. Think about this - in the last few years we have all been outraged at the conduct of the banks & lenders who, having been bailed out by the taxpayer, continue to pay themselves massive bonuses. But there still seems to be a mistrust, by the public, to pay a small fee to and independent broker, who will work on your behalf rather than the lender's. But nevertheless, all brokers have to declare their fees and if you don't want to pay it you don't have to go ahead. You will not be cahrged for their advice - only if you instruct for them to process your mortgage application for you. But you may find that you're quite happy to pay their fee once you realise how much their advice has saved you!

Can I Change My Mortgage To A' To Let Mortgage'?:This situation usually occurs when you decide to let out a property that you have been living in to date. Often this can be due to working abroad for a few years but expecting to return at some stage, or it may be that you wish to keep your property as an investment when you are considering buying another one for you to live in. Apart from the mortgage types there are other considerations (eg landlord's insurance, unearned income) and it it is advisable to seek professional advice on this. Yes, you can chnage your mortgage type but there are other implications.

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