Your Mortgage Remortgaged.
Remortgaging is one of the simplest methods to save huge amounts of money, remortgage is selecting a better mortgage lender to the one you have at the moment and it simply means dumping your existing lender because you now have the opportunity to reduce your monthly payments.
Remortgage now to achieve reduced payment
Remortgage now to raise money (release equity in your property)
Cost involved is known as the remortgage fee. Building Society and Banks enjoy competing for customers and so they should, as this practice/competition to fight over our custom certainly allows us the end user to select the best they have to offer.
The fastest way to achieve the end result (best deals) is by way of seeking professional advice based on individual circumstances this can be done via our website any time.
3 great Remortgaging tips
1) Your current mortgage
a) Check your recent statement for your balance and the interest rate.
b) Check with your lender to establish an exit fee and establish if there are any early redemption charges.
c) Whether your in any promotional period.
d) When will this period expire and what adjustments you will need to make when it does expire as far as the monthly payments are concerned.
2) APR? Work out benefits of remortgaging
a) Calculate the interest being charged on the deal your in now.
b) Calculate the interest being charged during any promotional periods
c) Now compare and understand the results
Let us say that you have a A50,000 mortgage outstanding and a saving of A1000 a year can be achieved by adopting a lender by remortgaging at a lover interest rate.
3) The fee
a) From point 1b and taking any valuation, arrangement and legal fees
b) Remortgage (most) also means inclusive as most remortgage deals offer free services, infect these services are incorporated within the deal
Sourcing the best deal (exposing the secrets)
Look, its hard work to source out the best deal on the market, you are well equipped with the above 3 tools to work out and compare.
Banks and Building Societies apply the above methods to calculate and present many different mortgage/remortgage packages some inclusive and some exclusive deals, variety of charges/fees, conditions and the small print, all this makes it hard work to compare deals yourself.
FSA approved professional advisor is the perfect person to help you walk through the maze, he/she can certainly find you the best deals on the market.…