Whatever your reason for wishing to remortgage Fox Davidson can help you to secure the best mortgage deals for your situation.
What Is A Remortgage?
A remortgage is when you change your mortgage lender without moving home. The reason you may remortgage are usually to raise more money, secure a better rate of interest or to repay some debt.
Whatever your reason for wishing to remortgage Fox Davidson can help you to secure the best mortgage deals for your situation. We are professional brokers which means we have access across the market.
It doesn’t have to cost you anything either… If you wish to remortgage we can usually secure mortgage deals with the mortgage lender meeting the cost of the property valuation and paying the solicitors costs.
Reasons To Remortgage?
There are many reasons why you might wish to remortgage. These could be:
To Secure a Better Rate of Interest
It is important to ensure that your finances are in order and ensuring you always have the best mortgage deal for your situation will save you money. You can look at remortgage option around 3 months before your current deal ends.
To Raise Additional Money
Lenders will lend additional money for many reasons including; money for a deposit on a second home or a buy to let, money for a new car or caravan, for weddings, for holidays and to finance an extension or carry out renovations to your home.
To Repay Debt
If you wish to consolidate your loans into one mortgage then you can remortgage to repay debt including credit cards, loans and hire purchase. Your adviser will discuss substituting short term debt for long term debt and will ensure it is the right option for you.
A mortgage is a loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender if you remortgage.