Let us Find you the Perfect Remortgage!
Towards the end of your mortgage term, we recommended that you start looking at a Remortgage. Your Mortgage Advisor in Harrogate will look at your current deal and seeks to help you switch to one with better interest rates. If you have spoken to a Mortgage Broker in Harrogate like us, you will usually get sent a reminder before your term is due to finish, to get the ball rolling ahead of schedule.
If your current mortgage deal is coming to an end or you need to borrow some extra money, then it could be the right time for you to Remortgage. Too many customers leave it too late and end up lapsing onto their Lender’s Standard Variable Rate. If this happens then, the chances are you are paying more than you need to be doing on your mortgage payments each month.
Remortgage for Home Improvements
If you feel your home would benefit from some upgrading, then it is possible to Remortgage for Home Improvements. Investing in your home can be an excellent investment. Some improvements, such as extensions or loft conversions, can put a value on your home, and you can increase your mortgage to pay for cosmetic alterations as well as structural work.
Some people borrow for Home Improvements even if they know their home may not go up in value. If you have decided you are already in your “forever home” and if you can afford it, there is nothing wrong with borrowing for this purpose at all.
Capital Raising Remortgage
You can borrow extra funds for most legal purposes, examples of this would be: You can raise capital on your property when you remortgage for almost any legal reason. In any case, this could be for large consumer purchases, gifts to help family members, to purchase a Buy to Let property or for Debt Consolidation. Remember you will pay interest on a Remortgage for many years usually, so it is essential you borrow for the right reasons.
Debt Consolidation Remortgage
When you add unsecured debt to your mortgage, you may end up paying back more interest overall because a mortgage term tends to be much longer than that of a personal loan (although it does not have to be). The other thing you need to think about is you taking unsecured debt and securing on your home? That does not sit comfortably with everyone as you are under the risk of repossession if you cannot afford to keep up your mortgage payments.
You will need to know the interest rates that apply to the debts that you are considering rolling into your mortgage. If you have 0% credit cards, then adding these to your mortgage will start attracting interest. It would be best if you considered all options before deciding to consolidate debts. If you have already chosen a Debt Consolidation, Remortgage could be right for you. Then it is vital you speak with one of our Mortgage Advisors in Harrogate they will help you recommend the right Remortgage and help you with your application.
No matter what type of remortgage advice you need, as a dedicated and committed mortgage broker in Harrogate, we will do all required to make sure that you end up with the best product available for your situation. We search through thousands of deals to find the best Remortgage to suit your circumstances.
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