Getting the right remortgage advice

With so many different types of remortgage available, it can be difficult to decide which is the best option for you. That’s why it is so important to get advice from a qualified mortgage advisor. The last thing you want is to get tied into a deal that has hidden fees or will end up costing you more in the long run. If your introductory rate has come to an end and you are looking for a better deal, talk to one of our experienced advisors at remortgages-now.uk.

Invaluable remortgage advice

Some lenders offer free-free remortgage deals to attract new customers, but if they don’t you may need to pay legal, valuation and administration costs. A mortgage advisor will be able to work out the total amount you will pay with each deal including any fees that apply. They will also be alert you to any early repayment fees that may be in place. This means that you can compare deals on a like-for-like basis quickly and easily.

Navigating the new rules

Following the financial regulator’s Mortgage Market Review (MMR), new rules were introduced to ensure that mortgage lenders act responsibly and that customers are protected. While this is excellent news for you, it does mean that you may have to jump through more administrative hoops than you did with your original mortgage deal. As the application process is now lengthier and more complicated than before, you will need a good mortgage advisor to support you through the process.

In order to secure a new deal, you will need to provide evidence that you can afford to make the relevant repayments even if interest rates rise or your circumstances change. You may need to show evidence of the following:

  • Income
  • Savings
  • Debt repayments
  • Outgoings such as household bills, childcare and living costs

Remortgage advisors give you extra protection

While it is possible to switch to a new mortgage deal without seeking advice, you may find that you miss out on the best rates. Taking advice from a qualified expert gives you added protection because if the mortgage you choose turns out to be unsuitable you can complain to the Financial Ombudsman Service. It is very unlikely that you will have cause to complain if you use a qualified service like remortgages-now.uk.

Get the help you need at remortgages-now.uk

All of our brokers at remortgages-now.uk are independent, experienced and FCA-regulated. This means you can trust that the advice you receive is completely impartial. Our only concern is to find you the best possible deal with the least possible hassle. We will compare the whole UK remortgage market on your behalf and talk you through the application process step by step. If you have any questions, we are on hand to answer them and we can advise on the most suitable deal for your specific circumstances. Fill in our simple form to start your remortgage search and we will do the rest.