MORTGAGES
REMORTGAGINGWhatever your reason for remortgaging, whether to extend your repayments, move to a better deal, raise extra income or consolidate your debts we can help you to find the package that best suits your circumstances.
Remortgaging
When you remortgage
you are switching your mortgage to another deal,
and frequently, another lender
Remortgages can be used for various reasons. However, most people simply switch mortgages because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender; therefore you could potentially get a new discount rate, or a lower APR, with another lender. Another example is when you may need to re-mortgage to consolidate debts.
IN THE KNOW
It is worth noting that a remortgage is not the best option in all cases. Even if the lender you are considering switching to is offering a lower APR, you must take into consideration the facts that:
ONE
The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage with your current lender.
TWO
If you switch mortgage remember to look at the overall repayment period. You may be able to pay less monthly, but check the final repayment date of the mortgage as well.
THREE
Also you may be able to switch your mortgage deal with your current lender, avoiding any unnecessary costs. Many lenders will allow you to switch your mortgage deal reasonably frequently.
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.
Securing short term debts against your home could increase the term over which they are paid and therefore increase the overall amount payable.
You may have to pay an early repayment charge to your existing lender if you re-mortgage. You can choose how we are paid for mortgages; pay a fee or we can accept commission from the lender, or a combination of fee and commission.
We’re here to help find the best deal for you.
How Tina Cranfield Financial Services Helps You
Mortgages can feel confusing, especially if it’s your first time. That’s where Tina Cranfield Financial Services comes in.
We can help you by:
- Explaining everything in plain English
- Checking if this mortgage is right for you
- Helping you gather the right paperwork
- Handling the application from start to finish
- Being there to answer every question (no matter how small)
You’re not expected to know how mortgages work — that’s our job.
Could This Work for You?
If you’re renting, paying your bills on time, and dreaming of your own place, you might be closer than you think.
Buying your first home doesn’t have to be scary — and it definitely doesn’t have to be done alone. 🏡✨
Please call 01526 352076 for a friendly, no-pressure chat.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Find Us
Suite 1 Matthew Temple House,
The Broadway, Woodhall Spa, Lincolnshire LN10 6ST