Remortgaging

Award Winning Mortgage Advisers in Bristol

Remortgaging2020-06-11T15:30:57+00:00

REMORTGAGING YOUR PROPERTY

Looking to remortgage in Bristol? We can help…

Mortgage Brokers in Bristol.

If you’re coming to the end of your fixed rate and you’re worried about falling on to the high variable rate, we are here to save you time and save you money when you come to remortgaging. We want to make sure you are not paying too much for your mortgage.

If you’re asking, can I save money on my mortgage? We’re here to give you the answer, and make sure that the whole process is as easy as possible. We know that life is stressful enough, so we are here to take that stress away so you can concentrate on the more important things.

Remortgaging is when you switch from your existing mortgage product to another. This can be with the same mortgage lender or more commonly, to a different lender with more competitive products. In today’s market it is an essential exercise to make sure you aren’t paying too much for your mortgage.

It is important to remember that early repayment charges may be applied by your existing lender. We have helped many clients remortgage their properties for lots of different reasons. Get in touch so that we can save you time and save you money and make the process as easy as possible.

Remortgaging is when you switch from your existing mortgage product to another. This can be with the same mortgage lender or more commonly, to a different lender with more competitive products. In today’s market it is an essential exercise to make sure you aren’t paying too much for your mortgage.

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It is important to remember that early repayment charges may be applied by your existing lender. We have helped many clients remortgage their properties for lots of different reasons.

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If you want further advice on how to switch mortgage provider and potentially save, contact us today.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Frequently Asked Questions

Below are some of the most frequently asked questions about remortgaging.

Why should i remortgage?2020-04-26T12:48:11+00:00

Remortgaging is usually done to lower the amount you’re paying each month for your mortgage, to repay debt or to raise funds. You don’t have to buy a new property to remortgage. Remortgaging your property could allow you to save money on your monthly repayments, or to repay your mortgage sooner. If your current lender doesn’t offer better rates or greater flexibility on its other products, you may want to consider switching your mortgage to another lender.

Remortgaging for incentives…2020-04-26T12:51:06+00:00

When you took out your current loan, there will have been features that made it competitive and attractive to you. It may be that your incentive period is coming to an end, or simply that the market has changed. If you want to remortgage for better incentives, we can keep this in mind when we look at the market.

Remortgaging for renovations…2020-04-26T12:51:44+00:00

It can be more cost effective to enhance your existing property, rather than move home. This can be financed by remortgaging or a further advance. Once we have spoken to you in detail about the renovations or home extension you require we can then find the right lender to suit your circumstances.

Remortgaging for a lump sum…2020-04-26T12:52:36+00:00

Many people remortgage when they have a special occasion or reason coming up. This could be a wedding or perhaps you have university or school fees to fund. If your property value has risen, you could release equity.

Remortgaging to consolidate debts…2020-04-26T12:53:22+00:00

Remortgaging can allow you to release some of the value you hold in your home – this is also known as equity. Doing so can consolidate other debts that can attract higher rates of interest than that of your mortgage (e.g. credit cards or personal loans). While debt consolidation can reduce your monthly payments, it usually means increasing how long you will pay for and can mean you pay more for the debt in total. We will advise you to think carefully before securing other debts against your home, and should you wish to remortgage for debts, we will give you options that you can afford.

Testimonials

Excellent guys who made the process simple and understandable. Pete was in constant contact throughout and always kept us in the loop with any changes. Easy to talk to and didn’t mind answering the ‘silly questions’! I will 100% be using them in the future.
RYAN & LAUREN HARRIS
As a first-time buyer I was pretty clueless about the mortgage process. Lloyd Wells Mortgages have helped me navigate the house buying process step by step and provided options that have allowed me to get a foothold on the property ladder.
ROB OTTEY
Pete was superb when sorting my first time buyer’s mortgage. I never had a problem contacting him and was grateful for Pete’s patience in explaining the details of all the choices I had available. His professionalism is second to none and I’d never have ended up with such a good deal without Pete’s hard work. I would highly recommend using Lloyd Wells Mortgages. I’ll certainly be in touch when remortgage time comes round.
BEN CHERRY