Popular Reasons to Remortgage in Harrogate
Remortgage to Find a Better Deal
As you reach the end of the fixed-period on your mortgage, you will need to review your options for which routes to take next. We generally find that people will look to remortgage in Harrogate, for a variety of reasons.
One of the main reasons that this is the case, is so that you don’t move onto your lenders’ SVR (Standard Variable Rate), which will likely have higher interest rate. This also means that you will have ever higher mortgage payments per month. Many take out remortgage advice in Harrogate, to find a better deal, with better rates of interest.
Remortgage to Fund Home Improvements
Over our time in the industry, we have helped quite a lot of homeowners to remortgage in Harrogate, in order to fund home improvements and modifications. This usually includes things like loft conversions, office spaces, kitchens being reworked, extensions and other things.
To see what options you have for taking out a remortgage to release equity, book yourself in for a free remortgage review today. It’s important to bear in mind that you could be asked to provide quotations for the work that you want to have carried out.
Remortgage to Consolidate Debts
Debt consolidation can be a risky process, though can oftentimes work in your favour if done carefully. Merging unsecured debts into one monthly mortgage payment can be a great way to manage finances and control what goes out monthly.
Please be wary though that your debt will carry on for the entire length of your mortgage term, meaning you could end up paying a lot more overall. It is imperative that you are always careful with debt consolidation remortgages.
We definitely recommend that you get in touch with a specialist mortgage advisor in Harrogate before you look at securing any debts against your main assets, such as your home.
You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.
Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.
Remortgage to Remove a Name
If you are a co-owner of a property in Harrogate and are looking to remove the names of your co-owners off your mortgage, you can achieve this by taking out a remortgage in Harrogate.
No matter if you are staying with your current mortgage lender or taking out a mortgage with a new one, you’ll have a similar process to the first mortgage process you went through. This is because you will still need to show your mortgage lender that you are capable of maintaining your remortgage payments.
To learn more about taking out a remortgage in Harrogate, book your free remortgage review today.
Why choose us for your remortgage in Harrogate?
Here at Harrogatemoneyman, we make sure that we offer all of our customers their very own free remortgage review with one of our dedicated remortgage advisors in Harrogate.
No matter whether you want a better deal, are looking to consolidate your unsecured debts or are wanting to do something else, our amazing mortgage advice in Harrogate team will be here for you 7 days a week, including weekends and some bank holidays, to work around you.
Please feel free to take a look at our genuine customer reviews, left by both home buyers and homeowners with all kinds of personal mortgage situations that we had the pleasure of helping with. Book your free remortgage review today and speak to a member of our mortgage advice in Harrogate team about your remortgage in Harrogate.