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 Brokers in Derby before securing any debts against your home.
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 because 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.