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Remortgage Advice in Derby

Free Remortgage Consultation, 7 Days a Week

Let us Find you the Perfect Remortgage!

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!

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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As an Experienced Mortgage Broker in Derby

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.

Remortgage to Fund Home Improvements

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.

 

Remortgage to Consolidate Debts

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.

 


 

Remortgage to Remove a Name

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.

 

Free Remortgage Consultation

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.

What our customers say

Common mortgage
questions

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 1 hour. 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.

We make it so easy!
Our 4 step process

Step 1

An initial telephone call where we take some details and look at your Remortgage plan.

Step 2

A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!

Step 3

We will search and compare 1000s of products to find you the most appropriate deal.

Step 4

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.

Handy quick links

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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Derbymoneyman

Derbymoneyman – 19 St Christophers Way, Pride Park, Derby, DE24 8JY.

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