Residential Mortgages for Homeowners2019-01-16T11:42:04+00:00

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 an independent broker which means we access the whole of the market including second charge mortgage lenders.

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.

Why Should I Remortgage?

  • 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 and for holidays.

  • 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.

Second Charge Mortgages

It is not always best advice to remortgage. If you are on a very low rate or have early repayment charges that make remortganing more expensive then you should consider a second charge mortgage.

What is a second charge mortgage?

A second charge mortgage is a loan secured on your property which sits behind the first mortgage lender. Second charge mortgage rates will be higher because in the event or repossession they take second place to the main mortgage lender. Second charges can be useful where the first mortgage lender will not lend you additional funds.

If you would like to discuss your mortgage options please call or email one of our qualified, experienced mortgage brokers. For face to face mortgage advice we have offices in Bath, Bristol & London or we can deal by phone, post and email.

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.

Read what our clients have to say about us

I would not hesitate to recommend Fox Davidson to family and friends. I am a first time buyer and therefore the house buying process was a little daunting to start with but I was kept fully up to date throughout the whole process to the point where I would receive an update email at least twice a week.

I was also extremely pleased to find that as well as assisting with the mortgage I was also being provided assistance with home and life insurance. The service I have been provided is definitely good value for money and I am very grateful to everyone at Fox Davidson who has helped me.

Miss R Power , Bristol

Having been let down by another mortgage broker (who seemed to only want to assist with a mortgage if we took other products too) I stumbled across Fox Davidson. As I am based half in London and half in Bristol, they seemed the perfect fit. Having connected with them and receiving prompt, relevant and helpful advice at the outset of our property search, I had no hesitation in coming back for the mortgage itself.

The mortgage application process was rendered painless and they bent over backwards to help with the sale. They also were extremely helpful and supportive when our first purchase collapsed, also managing to make mortgage application #2 equally as smooth. Thank you so much!

K Gibson, London

After using Fox Davidson for my first buy to let purchase I didn’t hesitate to get in touch again when the time came to buy a second property. Being an expat living and working in Thailand I had found through my own research that the options available to me would be limited, however I needn’t have worried. Fox Davidson found me a mortgage that suited my circumstances  perfectly. They have helped to make what could have been a complicated process very simple and stress free.

Great people, Great knowledge, Great service.
Thank you Fox Davidson.

Mr Christopher Hoare , Thailand

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