Remortgaging – Factors to Bear in Mind
Remortgage Deals
GoRemortgage offers a whole range of remortgage deals and new deals are coming out all the time. There are fixed rate remortgages, variable rate remortgages, tracker rate remortgages and interest only remortgages to name a few. Our Remortgage experts will fully explain to you the advantages and disadvantages of each type and make recommendations based on your personal circumstances and goals.
Typical Remortgage Interest Rates
In one sentence, the remortgage interest rates are dependent on each and every individual’s circumstances. It is dependent on how much equity you have on your property, the loan to value and your credit rating. GoRemortgage has access to the latest remortgage deals and we are best placed to advise you on which remortgage deal best suits your personal circumstances.
Remortgage Process
In most cases the remortgage process will take a maximum of one week if not a matter of days if you choose to take out a remortgage with us. Our years of experience in handling remortgage processes for our customers means we know what the obstacles are and how to get the process finished quickly.
Early Redemption Charges (ERC) and Exit Penalties
Some deals have an ERC applied to them and some don’t so it is important to check with your existing lender. Our advisors can advise on when to remortgage as well as which deals to go for.
Arrangement Fees
Most mortgages carry an arrangement fee. This is basically a commitment administration fee payable to the lender. Some lenders charge an arrangement fee outright and some lenders will add the fee to the mortgage loan which results in higher interests. When taking out a remortgage it is important you factor in arrangement fees.
New Monthly Remortgage Repayments
Our advisors will tell you exactly what your new monthly repayment figures are once we have sourced you some deals suitable for you. You can also work out your remortgage monthly repayments by using our online remortgage calculator.
- Great Reasons for Remortgaging
- Remortgaging – A Second Property Investment
- Remortgaging – Do You Qualify?
- Remortgaging – Why Use a Broker?
- Remortgaging – Which Deal Is Right For Me?
- Remortgaging – Fixed Rate or Variable Rate?
- Remortgaging – Your Credit Score
- Remortgaging – Important Considerations
- Remortgaging – When To Think Carefully
