Your mortgage is one of the largest financial commitments you will ever make. With that in mind, it’s hugely important that you get your remortgage right.
We will help you remortgage to a new lender on a new deal or help you remortgage with your current lender if that’s the most suitable option.
You may wish to remortgage for many reasons:
Drop in for a chat or arrange a no obligation, no fee initial consultation. You can tell us all about your current mortgage deal, what you like about it and what you don’t.
After we get a clear idea of what you’re looking to do, we will begin to review your current mortgage and the options available to allow you to achieve your goal.
It may sound like a difficult process but don’t worry, we will do the hard work for you, delving into each deal to assess its suitability and whether you are eligible.
If you remortgage, you may be able to access a lower interest rate.
Over time, the value of your house starts to increase, especially if you have made considerable home improvements. At the same time, your mortgage balance will gradually decrease if you are on a capital repayment deal, so, if you remortgage at the right time, you could benefit from a reduced interest rate due to a lower loan to value which could result in reduced monthly payments.
You might want to borrow more money to help cover home improvement costs or university fees.
Additional borrowing works slightly differently to debt consolidation. Instead of using what you borrow to pay off outstanding debts, you can use the money for an agreed reason of your choice.
Looking to stay with your current lender?
We can help you secure a new rate by product switch. This is a great option for those of you who cannot change lenders for various reasons or if your lender has the best deal in the market for your circumstances.
Once we’ve selected the most suitable deal for you, it’s over to us to get this processed, secured and ready for when you want it to start.
Although the Help to Buy Scheme has now come to an end for purchasers, there are plenty of homeowners out there who will have used the scheme.
Remortgaging whilst having a Help to Buy loan can be tricky whether you are planning to keep the HTB loan in place or redeem it in full.
Fortunately, we have years of experience in dealing with this process so not only can we help with securing a new rate, but we’ll also stay in contact with all the parties involved and assist with any paperwork required.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is £495 depending on your circumstances.
Lendese have access to thousands of mortgage deals, including many exclusive deals not available elsewhere, along with specialist lenders who can assist with unique situations.
Generally, mortgage offers last up to 6 months. With that in mind, this is the period within which we recommend you start the process. This period also allows plenty of time for solicitors to carry out their work should this be required.
There are certain circumstances in which a lender will allow you to rent out your residential property however each lenders criteria is different. If you do not plan on living in the property again in the long term future then you will need to remortgage on to buy to let or let to buy mortgage.
It depends on your circumstances and goals. We’ll always compare the option of staying with your current lender against changing to a new lender and ensure that the most suitable option for you is recommended
Each lender’s criteria are different as is their affordability. Some lenders will lend more to remortgage applicants than they will purchase clients and vice versa.
Subject to criteria and affordability, you may be able to do additional borrowing with your current lender either in your fixed period or when it is time to remortgage.
Subject to criteria and affordability, lenders do allow clients to change their terms at the time of a product switch.
Yes, it is possible. Please check out our credit repair page.
As long as the ownership of the property does not change as part of the remortgage then you will not be subject to stamp duty.
If the ownership is set to change then we can guide you on what stamp duty will be applicable.
Lenders do allow applicants to be added to a mortgage as part of a remortgage however do bear in mind that this may result in stamp duty needing to be paid and additional solicitors costs.
The aim of a protection policy is to ensure that should the worst happen, you or your family can remain in your home whether that be as a result of the mortgage being repaid or assistance with the monthly mortgage payments.
There are plenty of different policies which can ensure this so click the link below to find out more.
