Remortgage

Service Description

Begin preparing for your next mortgage about six months before your current rate ends. At Mortgages Approved, we’ll compare your current lender’s product transfer with offers from our panel of lenders, ensuring you secure the best deal and avoid your lender’s higher standard variable rate. We’re with you every step of the way, constantly reviewing the market. If a better option becomes available before you complete, we’ll switch you over. Our remortgage service is completely free, dedicated to ensuring you get the best mortgage for your situation, whether it’s consolidating debt, lowering your interest rate, or improving your current deal. Why Refinance with Mortgages Approved? Common Reasons to Refinance Your Mortgage: * Lower Your Mortgage Rate: We help you lock in a new, lower fixed rate to avoid your lender’s standard variable rate. * Access Home Equity (Cash): Release equity from your property to fund significant expenses like a wedding, new car, or a well-deserved holiday. * Consolidate Debt: Remortgaging is an excellent opportunity to consolidate other debts under a lower interest rate, reducing your monthly outgoings. When Should You Remortgage? It's crucial to review your mortgage well before your current fixed rate or mortgage product ends. Starting about six months before is ideal. Mortgages Approved will compare your current lender’s offer against the market to lock in the best deal for you. If you’re considering further borrowing, debt consolidation, or reducing your loan, this is also an opportune time to explore these options. We manage the entire process, from arranging the product transfer or remortgage application to completion, ensuring any additional funds are transferred to you. We provide a free, no-obligation mortgage review to help you find a better deal, assist with equity release, and more. Remortgage Guide: 1. Consultation: We assess your needs and offer tailored remortgage options. 2. Legal Work: A solicitor handles the process, often covered by the new lender. 3. Searches/Questionnaire:Complete searches and provide insurance details. 4. Decision in Principle: Lender gives a preliminary decision; full application follows. 5. Valuation: Your home is revalued for equity assessment. 6. Offer & Payout: Receive and review the lender’s offer; funds are released if equity is included. 7. Completion: Finalise your remortgage deal.