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 Advisors will 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!
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.
These reasons mentioned above is usually why many people look for Remortgage Advice in Derby around this time.
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.
All our new/existing customers are offered a free Remortgage consultation in Derby.
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.
Whether you are looking to Remortgage in order to release equity or to find yourself a better deal, our Mortgage Advisors in Derby 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.
5.00 Rating21 Reviews
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...
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...
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.
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.
Clive
Dinah delivered an excellent service. She was very helpful, knowledgeable and filled me with confidence to go ahead with the mortgage offer. I would definitely recommend her to friends and family.
Anonymous
Thanks for make my life easier
Adnan
I am amazed with quality of service and care given by the team.
Anonymous
Absolutely brilliant service from beginning to end. Mortgage application was easier than we anticipated. Would recommend this company to everyone!!
George
Very happy with the brilliant service given by Jason especially who went above and beyond replying to emails post 10PM to help get my mortgage sorted. Laura too who was very friendly and helpful over the phone. Overall very pleased and would...
Maryam
Absolutely fantastic service provided. Matt was very knowledgeable and he was always available to answer our queries. We liked how well the process was organised from start to finish and we were were well looked after by also Lyndsey and Megan who...
Pamela
I can’t underestimate how easy to process was, I was kept well informed at all stages with excellent customer service!!! Would honestly recommend everyone to use this company!
Jonathan
Matt from Moneyman has just completed what can only be described as a very simple mortgage switch to the same provider but at a lower rate, RESULT!. Great service as ever and would highly recommend Many Thanks Jonathan & Helen
Anonymous
Without doubt a very smooth and professional re-mortgage after attempting to do myself with my own bank and not doing very well!! From the start Denise put me at ease and was very informative based on my situation and was always in contact and...
Shkoor
Very helpful , definitely glad that it was recommended to me to use. Staff were constantly assisting me throughout the process and they ensured i was fully aware of the mortgage process. Matt was consistent and clear, providing me with the optimal...
James
Great service received from Nathan and the team.
Christina
From the first call Leo's service was exceptional. The service has been one of the best I have received and I would always go back for in future years. Thank you you friendly professional approach helped massively
Andrew
Professional and a friendly service. I would always recommend you friends and family
Jacqueline
Absolutely brilliant service! I highly recommend these guys!
Lewis
Excellent service from start to finish. I dealt with Leo and Rachael who were great.
Anonymous
Didn’t think I’d be able to get a mortgage until I contacted these guys. They are always there to take your call when you need them and keep you informed every step of the way. It really helped to have someone to guide me through the whole...
If you happen to find yourself on your lenders SVR (Standard Variable Rate of Interest), it is very likely you will be able to save money! An experienced remortgage advisor will compare the new products available against your current mortgage deal to work out these savings for you. If you have any existing equity in your property, a remortgage would also allow you to release some of this money for anything from a supplemented income, to home improvements and alterations.
You have the option to remortgage and increase the size of your mortgage if you need to pay off any unsecured debts. This is not something we recommend rushing into though as there are some negatives to look out for. You should always seek Mortgage Advice in Derby before consolidating your debts!
Your free initial remortgage consultation in Derby will last for about 30 mins. A trusted mortgage advisor in Derby will then compare a new deal vs your current product, recommending the most suitable with no obligation for you to proceed, if that is what you would prefer.
The fees involved with your remortgage will work more or less the same way as your existing mortgage did. That being said, your dedicated Mortgage Advisor in Derby will still go through all of the fees with you. They will take these fees into consideration when comparing the savings of the new deal against your existing mortgage.
As a dedicated and trusted mortgage broker in Derby, we will carry out a Fact Find to establish your circumstances & needs prior to recommending the most suitable mortgage for you. A credit check will then be required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued to you.
If you’re looking to make any potential home improvements or consolidate any debt, then it can be possible to get a second mortgage on your home. Second Mortgages are also usable for if you are wanting to take out a mortgage for a family member, a holiday home or a Buy to Let.
If you have had credit problems, it could still be possible for you to get a mortgage, however, you may need to put down a higher deposit than usual. This could be 15% of the purchase price.
To prove your income to a lender, it’s usually three payslips for an employee. If you are self-employed, it’s the latest 2 years’ accounts. In addition you will need to produce the lender with proof of ID, address and the latest 3 months’ bank statements.
An initial telephone call where we take some details and look at your Remortgage plan.
A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!
We will search and compare 1000s of products to find you the most appropriate deal.
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.
