Remortgages - Independent Remortgage Advice

Reviewing your mortgage
Our mortgage sourcing technology and lender relationships enable us to research the entire market place on our client’s behalf.
 
Don't sit back and forget about it. Every year your lender must send you a statement - this is a good opportunity to check your mortgage and consider if you can get a better deal elsewhere.
 
You should also review your mortgage whenever the period of a special deal expires - for example when a fixed or discounted interest rate comes to an end.
 

Moving your mortgage, not your home
It can be an expensive mistake not to look around the mortgage market to see what's on offer. Lenders work hard to attract new customers, but often aren't so good at making sure their current borrowers continue to get the best deal.

Should you look around now? 
  • If you're already on a special deal, probably not. The penalties you'd have to pay to break the deal, and the other costs involved, may mean there's no point.
  • But if you're paying your lender's standard variable rate and there are no early repayment charges involved, you should certainly look at what else is on offer.  
Are you getting a good deal?
Find your most recent mortgage statement it will tell you what you're paying now, and how much you still owe. It will also tell you where early repayment charges apply and the date they stop.

With this information our Remortgage Service will compare your mortgage with others, both from your current lender and from other lenders and check to see if you could save money by switching.


What will it cost you?
  • Even if there are no early repayment charges, your current lender might make an administration charge (sometimes known as an exit administration fee).
  • If you're switching to a new lender, they will insist on the same legal work your old lender did, to make sure the property offers proper security for them.
  • Lenders may also want an up-to-date valuation on your property.  
For your information we will provide you with a Keyfacts Illustration which will detail all the costs associated with your new mortgage.

With some deals the lender may pay some of these as an incentive to get your custom. But bear in mind you may have to pay back their value if you pay off your mortgage early.

Please contact us for all your Independent Remortgage Advice
 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

YOU MAY HAVE TO PAY AN 'EARLY REPAYMENT CHARGE' TO YOUR EXISTING LENDER IF YOU REMORTGAGE.





The guidance and/or advice contained within this website are subject to the UK regulatory regime, and are therefore targeted at consumers based in the UK.
Grange Financial (Sussex) Ltd is a member of Best Practice IFA Group Ltd which is authorised and regulated by the Financial Conduct Authority. The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk. Details can be found at https://register.fca.org.uk/ under reference number 229110. Grange Financial (Sussex) Ltd is registered in England, no. 4502151. Registered office 88 Boundary Road, Hove, East Sussex, BN3 7GA.