Remortgage Advice in Scunthorpe

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Let us Find you the Perfect Remortgage!

A remortgage is where you take out a new mortgage on a property you already own to replace your current mortgage or to borrow money against your property value. There are many reasons why people choose to remortgage in Scunthorpe, but one of the most popular scenarios is to find a better interest rate and save money.

 

A mortgage is a massive financial commitment that needs to be planned and considered before you rush into anything. That is why we suggest looking at your options to try to get the best deal on good and early products and services.

 

Let our mortgage advisors in Scunthorpe can search 1000’s of remortgage deals and shop around to find you the most suitable deal with better interest rates. Our mortgage advisors in Scunthorpe have worked in the industry for many years and have access to competitive deals. The Remortgage process may be sometimes complex.

 

Which is why there is no harm in seeking expert advice from a mortgage broker in Scunthorpe to help in the first step in the process. We are known for our clear and transparent mortgage advice service in Scunthorpe. Let Scunthorpemoneyman guide you through the remortgage process and save you time and money.

 

Watch Malcolm’s Remortgage Guide Video

Before you begin your remortgage process, some prefer to watch Malcolm’s video guide to remortgaging. This will help you better understand what is happening during the mortgage process.

 

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Why Should I Remortgage in Scunthorpe?

As an expert mortgage broker in Scunthorpe, we have encounted many remortgage situations.

Are you at the end of your fixed-Rate Mortgage?

Sometimes ending up on your lenders (SRV), you could be looking at paying more on your mortgage payments. This highlights the importance of speaking to an expert mortgage advisor in Scunthorpe. They can save you time and money, find you are a fairer deal, and search the market.

Remortgage for home improvements?

Some existing homeowners look to raise capital to finance other big purchases, and it is up to you what you are doing with the money. Others choose to remortgage for home improvements, these improvements can include a new kitchen, a home office, or a conservatory.

To protect against future interest rate increases?

Those on a tracker mortgage with fluctuating interest rates, may look to remortgage towards a steadier and more consistent mortgage. Take a fixed-rate mortgage for example, this will keep your payments at a controlled amount and protect you from the Bank of England’s base rate.

Remove yourself or a name from a mortgage, such as an ex-partner?

Unfortunately, not all relationships go according to plan. Alternatively, if it is a family member or friend, the plans may change, and you want to be independent. Regardless of the situation, you can remove them or even yourself from a mortgage. This process is tricky but possible, and something your mortgage advisor in Scunthorpe can look for you.

Combine unsecured debts, i.e. credit card debts, onto your mortgage


 

You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.

 

Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.

 


 

Other problems that may arise are changes in your credit situation, which means that your current lender will refuse you, or you may not be allowed to borrow as much as you would like the second time. In any of these cases, talk to a dedicated and knowledgeable mortgage broker in Scunthorpe to see what your options may be.

 

Why wait? Get in touch to book your free remortgage review with a mortgage advisor in Scunthorpe, and we will see what we can do to help you out.

Free Remortgage Review in Scunthorpe

We offer a free remortgage review to all new or existing customers. We know today’s busy lifestyles. That is why our free remortgage review with your mortgage advisor in Scunthorpe is available 7 days a week.

 

Our mortgage advisors in Scunthorpe have a wealth of expertise when it comes to remortgage advice in Scunthorpe. If you are looking to release equity or secure a better rate, we are ready to help you find the most suitable Remortgage deal.

 

Always remember that as a mortgage broker in Scunthorpe, we are here to help you. Friendly, helpful, and patient, whatever questions you may have about your Remortgage will be answered by our expert team.

 

We want you to feel happy and relaxed throughout the entire process. Check out our customer reviews to see what others have said about our fantastic customer service! 

 

Contact us today to book your free remortgage review in Scunthorpe & see how we can start your remortgage process. 

Reviews Stars4.81 Rating16 Reviews

Common mortgage
questions

If you are on your lenders SVR (Standard Variable Rate of Interest) you may have increased chances of saving money. Our team are able to compare the new products available against your current mortgage deal, in order to work out what your savings could possibly be. If you have any equity sitting in your property, a remortgage would allow you to release some of this money for things like home improvements.

You may find yourself with the option to take out a remortgage, with the intention of increasing the size of your mortgage to pay off any unsecured debts you may have. Please do not rush into this though as there are negatives to be weary of. We highly recommend that all homeowners always seek expert mortgage advice in Scunthorpe before consolidating debts!

Your initial free remortgage consultation in Scunthorpe will last for about an hour. Your designated mortgage advisor will then compare a new deal versus your current product and recommend the most appropriate one, with no obligation for you to proceed.

When you start the Remortgage process, you’ll be facing similar fees to when you took out your initial mortgage. Your dedicated mortgage advisor in Scunthorpe will run through all of the fees with you and take them into consideration when comparing the savings of the new deal versus your current mortgage.

We will carry out a Fact Find to establish your individual circumstances and needs prior to recommending the most suitable mortgage. A credit check is something that will be required for an Agreement in Principle. Once you have given all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can then be issued to you.

It may be possible to get a second mortgage on your home if you’re looking to work towards debt consolidation or any home improvements, as well as if you’re wanting to use it for yourself, a family member, a holiday home or a potential Buy to Let.

If you have a recent history of credit problems, it’s not impossible for you to get a mortgage, though you may possibly be required to put down a slightly higher deposit than typically expected, perhaps 15% of the property purchase price.

The documents you will need if you are an employee are three payslips to prove income and for self employed, you will need the latest 2 years’. As well as this, you will also need proof of ID, address and 3 months’ bank statements.

We make it so easy!
Our 4 step process

Step 1

An initial telephone call where we take some details and look at your Remortgage plan.

Step 2

A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!

Step 3

We will search and compare 1000s of products to find you the most appropriate deal.

Step 4

Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

Scunthorpemoneyman.com & Scunthorpemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

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