Need to remortgage but left It until the last minute?
With interest rates at a 15-year high, you might be concerned about the impact on your monthly mortgage payments once your current deal expires.
It’s understandable to feel overwhelmed during this period, especially when news about rising interest rates, increased living costs, and fluctuating mortgage rates is unavoidable. If you’re unsure where to turn and have delayed remortgaging, don’t panic!
Before you panic, talk to your mortgage adviser
It’s essential to look past alarming headlines and not assume the worst-case scenario applies to you. Speaking with an adviser as soon as possible is crucial to avoid hasty decisions that could lead to a less favourable deal.
If you don’t secure a new deal before your fixed-rate mortgage ends, your lender will move you to their standard variable rate, which is typically higher than other mortgage options. Securing the right mortgage in time can save you money.
We’ll evaluate all your options, recommend the most suitable one, and guide you through the application process. We can explore an extensive range of lenders to find deals you might not have considered, comparing offers from your current lender and others to ensure you get the best deal.
Worried you won’t qualify for a remortgage?
Life circumstances change! Don’t worry if you’ve had a credit hiccup, are earning less, or your property has decreased in value. These factors don’t automatically limit your options. With an experienced adviser, you can find suitable choices.
Your home may be repossessed if you do not keep up repayments on your mortgage.