Remortgages
Save money on your mortgage every month.
Below, we’ve included a number of reasons why you may want to remortgage your property:
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
If you are on your lender’s standard variable rate, you could be paying more than you need to for your mortgage, so now could be a good time to review your rate.
If you are on a variable rate and are worried that interest rates may rise, you may want to consider a remortgage to a fixed rate. This anchors your monthly payments down at a set level, so you can rest assured you will not pay more when interest rates increase.
Remortgaging to extend a house, add a conservatory, renovate a kitchen or bathroom or carry out a loft conversion can make you happy and can add to the value of your property. Many mortgage lenders offer special rates to homeowners who want to remortgage to make home improvements.
You may want to remortgage to free up some cash to finance a one-off purchase such as a car, a second home abroad or if you have a lot of credit card and personal loan debt. You could potentially reduce your monthly payments by consolidating your debts into your remortgage.
If you believe there is money to be made in property investment, you could remortgage and use the extra cash to put down a deposit on a Buy To Let venture. But don’t forget, becoming a landlord is a complex process and there are risks involved.
Some Buy To Let Mortgages are not regulated by the Financial Conduct Authority.
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Local mortgage advisers and brokers giving mortgage advice in Blackpool, Cleveleys, Ormskirk, Skelmersdale, Up Holland, Preston, Lytham, Lytham St Annes, Thornton-Cleveleys, Freckleton, Fleetwood, Poulton le Fylde, Wyre, Garstang, Kirkham, Southport, Bamber Bridge, Lancaster, Fulwood, Morecambe, Leyland, Chorley, Heysham, Longton, Burscough.
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The Mortgage Factory is a trading name of Mortgage Factory UK Ltd, which is an appointed representative of Quilter Financial Services Limited & Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Quilter Financial Services Limited & Quilter Mortgage Planning Limited are entered on the FCA Register under reference 440703 and 440718.
The guidance contained within the Financial Associates website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.
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