service overview
Helping You To Remortgage Your Home
Are you thinking about remortgaging your home? Some homeowners remortgage when their current deal is about to end and others do it because they want a better rate. When you remortgage your home, you can save money and ensure you are getting the best possible deal.
If you do decide to remortgage your home, you should know that it isn’t always straightforward and there are lots of options available to you. At GPD Mortgage Solutions, we can guide you through the process and ensure you get the best possible deal. Get in touch today to find out more.
Key Benefits of Mortgage Advisors When Remortgaging
Find the best rate for your property
Easily switch from an interest-only to a repayment mortgage
Save money by changing to a better mortgage
Expert advice to save time and stress
We will charge a fee of between £0 and £995. The amount we will charge is dependent on the amount of research and administration that is required. Typically our fee will be £395.
Get Mortgage Advice Today
If you are thinking about buying a property this year, an independent mortgage advisor is exactly what you need to find the best rates. Get in touch today to find the best possible mortgage for you.
A remortgage involves taking out another mortgage on a property that is already owned by you. When you remortgage your home, you will be either replacing your current mortgage or borrowing money against your own property. There are many reasons why you might want to remortgage your home such as to get a better rate, to allow for overpayments or when your current deal is coming to an end.
If you decide to remortgage your home, the process is relatively quick. Usually, you will need to wait between 4 and 8 weeks but this can also depend on the demand and the lender in questions. You will usually need to speak to a mortgage advisor on the lender’s side who will discuss your options. This isn’t a process that you will want to rush as you will be locked into the deal for years to come. At GPD Mortgage Solutions, we can help you find the right deal as quickly as possible.
To remortgage your house, you will need to make sure that you know exactly what your current mortgage agreement involves. Then, you should get in touch with a mortgage advisor who can help you to figure out if this is the best option for you or not. You should also check with your lender to make sure that this is possible. The next step involves making your mortgage application and then hiring a solicitor to help with the legal aspects.
You can remortgage your home more than once over the years if you need to. However, you should remember that you could be required to pay Early Repayment Charges (ERCs) if you are on a capped or fixed rate mortgage. If you think that you could benefit from a remortgage, there really is nothing stopping you from going ahead with this. You should make sure to review your mortgage each year in order to figure out if you could be saving money or not.
If you wish to remortgage your home, you can do so after 6 months with your current lender. There could be restrictions or fees imposed by the lender if you decide to remortgage sooner. If you have a fixed rate mortgage and want to remortgage before the end of this, you could face an early repayment charge. The best time to remortgage your home is within the last 3 months of the existing deal. This way, you can avoid penalty charges and secure a new deal without too much trouble.