Remortgaging

Gone are the days when borrowers immediately looked to remortgage when their current rate ended. Nowadays it’s a bit more complicated.

For example:

  • Bank of England base rates have stayed at 0.5% for a long time now.
  • How long will they stay so low?
  • Your current lenders standard variable rate may be lower than the new rates they are offering
  • Your current lender may raise this rate at any time
  • Fixed rates currently on offer are at historically low rates
  • The tracker rates may be even lower
  • Some people want the security of a fixed rate; others want to minimise their monthly payments and risk a rate rise; and others may want to weigh up the balance between the two
  • The job market is looking uncertain. You may want to remortgage while you can, and also save money while you can

So, not so easy! But I hope we can help. At Ethos Financial we don’t just make a mortgage application for you, we pride ourselves in understanding your requirements and circumstances. We listen to your questions then help you to think through the options so that you can make an informed decision. Only then will we research the most suitable mortgage for you and explain how it works.

After that, of course, we will get your mortgage application submitted, deal direct with the lender, and get your application through to offer and then completion.

That’s not to forget that you might want to:

  • Raise some extra money for a loft conversion or extension
  • Consolidate your credit card debts onto your mortgage**
  • Shorten or increase the term of your mortgage
  • Take out an offset facility or other flexible options

And if a remortgage turns out to be unsuitable for you, then we can help you consider the option of a secured loan.

All in all, it’s best to talk about what you want and how you want to do it.  At Ethos Financial we are happy to help you through this process via e-mail, phone, text and in person. Often it is easier to start off with a phone call or e-mail and then find a good time to talk in person – at home, at the office or in a coffee bar. We promise to listen.

Call us now on 0207 183 3703 for an initial chat.

**Bear in mind that if you consolidate your debts into your mortgage that your monthly payments can be less, but you may well be paying off the loan over a longer period.

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 OTHER DEBT SECURED ON IT.