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It's Free to Speak to an Advisor, 7 days, 8am - 10pm
When people are approaching the end of their fixed mortgage term, they might look into options to Remortgage. As a mortgage broker in Derby, we can explore these choices for you!
Through our 20 years experience working with Remortgages, our team has helped a plethora of customers in achieving their Remortgage goals through us securing them competitive Remortgages that are tailored to customer circumstances. Our hard working team of Remortgage Advisors in Derby can help by searching through 1000’s Remortgage deals.
As soon as you are happy with the deal that your dedicated Mortgage Advisor has recommended to you we can then get started with getting your Remortgage application submitted.
At Derbymoneyman, our goal is for us to find and recommend you the option that is best for you in regards to your financial and personal circumstances. Keeping this in mind, if the best option is to stick with the products you have already, our open and honest mortgage advisor in Derbywill tell you so.
Booking yourself in for a free Remortgage consultation that we offer here could be a huge benefit. Attending your free mortgage review could possibly provide you the option of getting a mortgage rate which could help you save money in the future. Get in touch with your fast and friendly Mortgage Broker in Derby today from 8am – 10 pm, we would love to hear from you!
When your current mortgage agreement is nearing its end, remortgaging in Derby refers to obtaining a new mortgage on your existing property. Many homeowners prefer fixed-rate mortgages, which offer consistent payments for a specific period.
They then choose to remortgage in Derby to secure a better deal. However, to qualify as a remortgage in Derby, you must secure your mortgage from a different lender than the one you had previously. If you obtain a new mortgage with the same lender, it is known as a product transfer.
Remortgaging in Derby is a popular option for homeowners seeking the most favorable interest rates, considering that mortgages represent a significant financial commitment. Homeowners may also choose to remortgage in Derby to access equity for home improvements or to consolidate unsecured debts.
Failing to remortgage in Derby may result in being charged the standard variable interest rate, which is generally more expensive.
It is possible to include unsecured debts in your mortgage when remortgaging in Derby. However, this may result in longer mortgage terms and increased monthly payments, potentially putting your home at risk of repossession if you are unable to meet the necessary repayments.
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.
At Derbymoneyman, we offer a complimentary remortgage review conducted by a dedicated remortgage advisor in Derby. They will assess your current mortgage arrangement and explore alternative remortgage options in Derby.
Our team will meticulously search through numerous remortgage deals to find the one that best suits your needs, ensuring transparency regarding any associated fees.
The fees involved in remortgaging in Derby are akin to those incurred when setting up your initial mortgage, depending on the mortgage broker in Derby you previously engaged. When comparing the potential savings of a new deal with your current mortgage, a mortgage broker in Derby will consider these fees and discuss them with you.
Our Customers Love Us
5.00 Rating28 Reviews
Anonymous
DIna was my mortgage broker and was so friendly and non-judgemental of my circs. I was wanting to buy an ex out the property and pay off some debt - she got me an offer within days. I had used free mortgage advice companies who hasn’t managed...
1 month ago
Liz
I dealt with Dinah who is the friendliest non-judgemental advisor I have ever dealt with . My case wasn’t that straight forward, but within days I had an offer. I have used well known free advice companies before, but didn’t get anywhere with...
1 month ago
Anonymous
They were quick to respond and maintained great communication throughout the process. Emails were answered promptly, making the entire experience smooth and stress-free. Highly recommended for anyone seeking a reliable and responsive mortgage broker!
1 month ago
Donna
Amazing service would highly recommend A+++
8 months ago
Anonymous
Quite helpful and fast in dealing with the proceedings of the mortgage application.
8 months ago
Arron
Good recommendation for 1st time buyers. Made whole process easy and straightforward.
1 year ago
Kudakwashe
Very good 👍
1 year ago
Sarah
I can’t believe the service we have had and we can’t recommend them enough, Matt and the team are amazing. We have had several mortgage offers through them but the houses we have bought have fallen through but nothing has been too much trouble...
1 year ago
Carol
Friendly efficient service, took their time to explain the procedure etc, I would definitely recommend them.
1 week ago
Joshua
Leo is always a pleasure to talk to. Very friendly and knowledgeable, and allows us to ask questions, no matter if we’ve asked before orbits really obvious
1 month ago
Adam
Thank you to Wayne and the team at UK Moneyman, Derby. We were first time buyers, both with adverse credit history and one with sporadic income from agency work. I was finding the whole process of applying for mortgages to be quite stressful and...
1 year ago
Arran
The team over at Derbymoneyman have been incredibly helpful in helping me understand the process of buying a house. A friendly and welcoming team who do all they can to help. Definitely recommended, you feel like the team is invested in helping you.
1 year ago
Gurjeet
Really helpful and clear.
9 months ago
Gemma
From first discussions with Tom to being passed over to Lyndsey, the whole process was easy and seamless. Everyone I have dealt with at Moneyman have been really helpful and friendly, which has helped take the stress out of applying for a...
10 months ago
Matthew
Jenny has been extremely helpful throughout the process and resolved any issues quickly. Thanks!
11 months ago
Susan
Very good service over the moon Wayne and Megan no there stuff
1 year ago
Dean
4 weeks and got my offer very good service from Wayne and Megan can not fault them
1 year ago
Chantelle
This company has helped get a mortgage, when we didn't think we could get one the first time, and we have continued to use them the second time and will reuse them again. They are professional and Friendly and communication is fantastic.
2 years ago
Anonymous
Great service
1 year ago
karan
Fantastic service. From start to finish I had everything clearly explained and the broker always had my best interest in mind. I highly recommend for first time buyers!
1 year ago
During your complimentary consultation with Derbymoneyman, you will have the opportunity to discuss your current situation and goals with one of our expert remortgage advisors in Derby.
Our mortgage advisors in Derby will evaluate your affordability and gather important details about your income and expenses.
Our team will thoroughly search through numerous remortgage products in order to find the most suitable option for you. Before finalising the product, we will carefully consider your personal and financial circumstances.
Once you have accepted the offer, your designated remortgage advisor in Derby will submit your complete mortgage application and forward all the necessary supporting documents to the lender.
Throughout the process, your assigned case manager will keep you updated until you receive the formal remortgage offer and complete the transaction.
At Derbymoneyman, we go the extra mile. In addition to securing the best remortgage deal, we will also provide recommendations for relevant insurance to safeguard you and your family.
Furthermore, we will proactively reach out to you when it's time to renew your next remortgage in Derby, ensuring that you always have the most advantageous deal.
All our new/existing customers are offered a free Remortgage consultation in Derby.
Whether you are looking to Remortgage in order to release equity or to find yourself a better deal, our mortgage advisor in Cardiff are here to search and discuss you mortgage options with you.
In order to find you the perfect deal that is tailored to your personal and financial circumstances, our team are able to search through 1000s of deals to achieve this.
Our overall ethos within Derbymoney is to have a service that provides open and honest Mortgage Advice in Derby. We love helping a range of customer achieve their Remortgage dreams.
To find out more about our service and our customer satisfaction, check out our company reviews. You will be sure to see the success we have had with customers on their Remortgage journey.
Please don’t hesitate to contact us if you are looking to book a free Remortgage appointment. Contact us today to book your free remortgage consultation in Derby & see how we can help you.
When it comes to availability, we always try hard to work around the customer’s day to day life which is why we are available for you 7 days a week from early till late at night.
It’s best to start looking at your options when you are nearing the end of your initial fixed period for your mortgage in Derby.
Most people will look to obtain a Remortgage around this time due to the fact that they will automatically switch onto their lenders’ SVR, Standard Variable Rate.
When you are on the Standard Rate Variable, your interest rate will normally be higher than your initial fixed period thus increasing your monthly mortgage repayments.
This could be more costly per month for you. A remortgage advisor in Derby will be able to look for a better deal with more favourable rates of interest for you, hopefully saving both your time and money.
Our dedicated team have put a lot of work into helping many different customers release equity from their home because the customer is looking to fund their home improvements.
Many customers use the money from releasing equity for large home project like a home extension, a new kitchen or a loft conversion.
If this is the case for you, mortgage lenders may ask you to provide them with any quotes you’ve received for the work.
One way to reduce your outgoing in one obtainable monthly payment is to consolidate unsecured debts in your mortgage.
Nonetheless, it’s important to know that choosing this option will stretch your debt over the course of your mortgage term which will mean you will be paying more overall. If you are considering consolidating debts, it’s best that you look into this before.
As well as this, we would recommend that you speak to a Mortgage Broker in Derby before securing any debts against your home.
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.
In the case where you co-own a property in Derby and your goal is to get your name removed off the mortgage, Remortgage is something you may look into.
Regardless if you decide to stay with your current lender, the process will still be an identical process. The reason for this is that the lender will still need to know and be confident in lending to you by looking at if you are creditworthy and can still afford the mortgage.
If you are looking for more information about these popular Remortgage scenarios, then please check out our Remortgage guides section.
Read our 28 Reviews
Derbymoneyman.com & Derbymoneyman 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
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Derbymoneyman.com & Derbymoneyman 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
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