A remortgage, in short, is moving your mortgage from one deal to another; either with the same lender or with a new one.
There are multiple reasons as to why you would want to do this, from releasing funds, to reducing your monthly payments and so on. In some circumstances you may be able to get a better rate with your current lender; you can save huge amounts of money by re-mortgaging.
As part of our process we will compare the rates with your current lender and advise whether a product switch or Re-Mortgage is the best option for you.
At Transform Mortgages, we have access to the whole of the market and with our no obligation free initial consultation we can search the market for the best deal to suit your individual circumstances.
We are highly experienced in the Second Charge Market, in some circumstances it may not be beneficial for you to Re-Mortgage if wanting to raise additional funds, but you can be sure we will advise on the best possible solution for your individual needs. We have options for all potential circumstances which include and are not limited to: fixed and variable rates, cash back options, valuation options etc.
Transform Mortgages Ltd is an Appointed Representative of TMG Direct Ltd is authorised and regulated by the Financial Conduct Authority. Company Number 786245. Data Protection reference – ZA440284. Registered and Office Address: Atria, Spa Road, Bolton, BL1 4AG.
A fee payable is dependent on the complexity of the case and will be agreed at the outset. A fee of up to 12% of the loan amount is payable, for example on a £100,000 mortgage a 10% fee would equate to £10,000. A maximum fee is £4495. The fee is payable at the outset or on the issue of an offer of the mortgage.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.