1. Saving money - At the end of any special deal that you may have received from your existing lender you will normally automatically revert to the lenders Standard Rate and you could be paying a higher interest rate than necessary. Even a small cut in your existing interest rate could save money on your monthly repayments and potentially thousands of pounds in interest over the longer term.

As we have access to a large panel of lenders, our aim will be to find you a suitable mortgage which has a lower interest rate than your current mortgage.

2. Consolidation - Credit Cards, multiple personal loans?
By consolidating them onto a mortgage you may benefit from a lower interest rate, one payment and lower monthly outgoings. Adding existing debts to your mortgage may both extend the repayment term and increase the overall cost of the debt.

3. Credit problems - If you're currently finding it a struggle to meet your financial commitments each month - by consolidating and reducing your monthly outgoings it may be easier for you to maintain those commitments and keep your payments up-to-date! Adding existing debts to your mortgage may both extend the repayment term and increase the overall cost of the debt.

4. Home Improvements - It could be more financially viable to extend your existing home rather than to move house. You will also save money on Estate Agent fees, Stamp duty, Surveys, Solicitors and Removal costs... Also you will be re-investing the money into your property and by making the right improvements you could potentially add more value than the amount invested!

5. Property Investments - Fancy becoming a Landlord? By raising enough for a deposit on another property you may be able to get a buy-to-let mortgage for the remaining balance. Adding existing debts to your mortgage may both extend the repayment term and increase the overall cost of the debt.

6. Holiday home - You could also use some of the money for a property abroad.

7. Deposit for children - With higher property prices we've all heard the recent publicity of how difficult it is for first time buyers to make that first step onto the property ladder. Some people raise money on their own mortgage for their children's deposit on a property, which then puts their children in a better position to get a mortgage for the remaining balance. The children then pay their mortgage. Should property prices rise in the future it may be possible for the children to remortgage and raise the capital to pay you back!

8. School fees - Do you want to send your children to private school or perhaps University? This can be expensive and if you haven't been able to make provisions then by raising the capital on the mortgage could make this an affordable option!

9. Business finance - If you are setting up in business and have a lot of equity in your property.

10. Financial freedom - Certain Mortgages can be linked to your savings account, which means that instead of getting interest on your savings you pay less interest on your mortgage. If your monthly repayments stay at a set amount then this means that your mortgage could be repaid earlier and you may save thousands of pounds in interest. This needs to be considered and you need a certain sized savings balance to make this worthwhile.

The right deal?

The above reasons are obviously individually specific and they may not all be applicable to you, however as it is clear there are many things to consider along with many other options such as the type of deals to be compared, for further information on the different types of mortgage products available see our mortgage section.

What's involved?

Remortgaging is much simpler than buying a new home because the property is already registered in your name, if you choose to change to a different deal with your existing lender, the process is even simpler. Whatever your needs we can help make the process go smoothly and quickly for you since we help manage the process by liaising with lenders, valuers and solicitors on your behalf.

What are the costs?

Many lenders offer incentives, such as a free valuation and free legal costs subject to status & availability. There is sometimes an arrangement fee by the lender although this can usually be added to the mortgage if required.

Act Now!

Interest rates are higher now than they were a couple of years ago and as seen in recent media many people will be coming to the end of their special deal this year and will more than likely see their payments jump. If you're about to come of off a special deal then now's the time to act!

Similarly if you would like to discuss your specific circumstances or find out if we could save you money then now's the time to act. As we have access to a large panel of lenders, our aim will be to find you a suitable mortgage which has a lower interest rate than your current mortgage.

Please complete the online enquiry form for our Adviser to contact you or call us on 0871 288 7479

Please note that early repayment charges may apply if you repay your mortgage early.