Lower Interest Rates: We will help you secure a new mortgage with a lower interest rate, which can significantly reduce your monthly payments and save money in the long run.
Better Mortgage Terms: Switching to a mortgage with Mor-Invest, will help secure more favourable terms, such as a fixed rate for stability or a tracker rate for potential savings, which can be beneficial.
Release Equity: Remortgaging with us, can provide access to the equity built up in your home, allowing you to finance home improvements, pay off debts, or meet other financial needs.
Avoid Higher Rates: Remortgaging with Mor-Invest before your current deal ends can help you avoid reverting to a higher standard variable rate.
The primary benefits of remortgaging often revolve around achieving substantial financial savings. Homeowners typically consider remortgaging for two key reasons: to secure a more competitive, lower, or cheaper interest rate, or to restructure their mortgage to align better with their financial objectives. In the former case, remortgaging can significantly reduce monthly mortgage repayments, freeing up funds that homeowners can allocate towards other financial commitments, such as school fees or other expenses, making overall financial management more manageable.
It's wise to start planning for a remortgage three to six months in advance to evaluate options and secure the best deal. Market conditions are a critical factor in remortgaging decisions. In some cases, clients choose to remortgage when they identify a more competitive rate that aligns with their financial goals. However, the ideal time to consider a remortgage often depends on your existing mortgage end date. It's prudent to start planning three to six months ahead to evaluate options and secure the best deal.
Absolutely. We recently assisted a client who was facing a dilemma. Their current lender wouldn’t allow them to switch to an interest-only mortgage, which was essential for managing their higher rate and school fees. We stepped in and found a suitable solution with a different lender. By refinancing to an interest-only mortgage with a similar rate, our client achieved lower monthly costs, allowing them to cover school fees while maintaining their financial stability comfortably.
Working with Mor-Invest offers several advantages. Firstly, we provides a broader perspective on the mortgage market, helping you discover lenders and products you might not have considered otherwise. Secondly, we can answer critical questions related to speed, costs, and timing, ensuring that you make informed decisions. Additionally, we often streamline the process, handling various aspects, including legal requirements, to reduce stress and complexity. Ultimately, we’re here to make life easier for you.
Before considering a remortgage, homeowners should assess several factors. Firstly, understand the costs involved, including arrangement fees, broker fees, and potential penalties. Secondly, evaluate whether the new interest rate offers a competitive advantage and results in monthly savings. Lastly, ensure that remortgaging aligns with your financial goals, whether it’s lowering costs, releasing equity, or pursuing specific investments.
Certainly, there was this client we recently worked with that needed to release equity for property investments. Despite being let down by their previous broker and solicitor, we secured about half a million in equity for them. This allowed them to reinvest and expand their property portfolio, demonstrating the power of re-mortgaging for financial growth.
