Remortgaging Services in the south west
If you're considering remortgaging your home, Roff Financial is here to help you navigate the process with expert advice and guidance. Our team understands the importance of finding the right mortgage deal to suit your financial situation, and we're dedicated to providing personalised service tailored to your unique needs.
OUR THOUGHTS ON REMORTGAGING
Overall, remortgaging can be a smart financial move for many homeowners in the UK, helping them save money, access equity, consolidate debts, and find a mortgage deal that better suits their needs and circumstances. However, it's essential to carefully consider the costs and implications before making any decisions, and seeking advice from a qualified financial adviser can be beneficial.
top tip
Start looking at your options 6 months before your current product is due to end.
the benefits of remortgaging
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Saving Money: One of the main reasons people remortgage is to secure a better deal and save money. Over time, mortgage rates can change, and new deals may offer lower interest rates or better terms. By remortgaging, you could potentially lower your monthly payments, reducing the overall cost of your mortgage.
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Access to Equity: As property values rise, you might find yourself sitting on more equity in your home. Remortgaging allows you to access some of this equity, either through a larger loan or by releasing cash. This can be used for home improvements, debt consolidation, or other expenses, providing a flexible source of finance.
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Switching Deals: If your current mortgage deal is about to end, remortgaging gives you the opportunity to switch to a new deal before reverting to your lender's standard variable rate (SVR). This can help you avoid potentially higher payments and gives you the chance to shop around for a better deal that suits your current financial situation.
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Consolidating Debts: For those with multiple debts, such as credit cards or loans, remortgaging can offer the opportunity to consolidate these debts into your mortgage. This can simplify your finances, potentially reduce your monthly outgoings, and lower the overall interest you're paying.
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Flexibility: Remortgaging also offers flexibility in terms of mortgage type and duration. You could switch from a variable rate to a fixed rate, or vice versa, depending on your preferences and financial goals. Additionally, you can extend or shorten the term of your mortgage to better align with your long-term plans.
Overall, remortgaging can be a smart financial move for many homeowners in the UK, helping them save money, access equity, consolidate debts, and find a mortgage deal that better suits their needs and circumstances. However, it's essential to carefully consider the costs and implications before making any decisions, and seeking advice from a qualified financial advisor can be beneficial.
Repayment Calculator
Check out our easy-to-use Repayment Calculator. Repayments are calculated by the size of your mortgage, the interest rate from your lender, and the term of your contract.
Ready to Explore Your Remortgaging Options?
Contact Roff Financial today for personalised guidance on remortgaging and find a mortgage deal that better suits your needs and circumstances. With over 12000 products and 90 lenders to choose from, we can be sure to help.