Is your mortgage deal about to end?
There are many reasons to consider remortgaging, the main being if the deal with your current lender is coming to an end. It’s likely your existing lender will offer you another deal, however it is worthwhile speaking to us to ensure you are getting the right deal for you. There are thousands of mortgage products available at any given time and even though your current lender may have provided the right deal previously, that may no longer be the case. Even a small difference in interest rates can result in savings of hundreds or even thousands of pounds over your mortgage term. Other reasons people may decide to remortgage could be to borrow more money to do home improvements for example, or to consolidate other existing debts.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage
The process
First Contact:
It’s advisable to start the process as early as six months prior to your current deal coming to an end and upon your initial contact we offer a free initial consultation meeting at which we will consider your existing circumstances in conjunction with your current mortgage deal to understand how best we can help. Don’t worry however if you’ve not planned this far ahead and your mortgage deal is due to end soon (or has already ended!) we can still help.
Initial Research:
Once we have carried out the consultation we will then carry out the initial research were we will look through thousands of remortgage deals to find the most appropriate deal for you. In some cases, that might just be to stay with your existing lender. Here at Shepherdson Mortgages, we only ever have your best interests at heart and will always recommend the right route for you to take; if you’re better off staying with your current lender, we will always be 100% transparent and let you know that’s the case.
Final Steps:
Once you are happy with the deal we have found for you, we will then complete the application with you and submit all the necessary paperwork on your behalf. We will monitor your remortgage right through to completion and continue to update you throughout the process.
