Thinking of re-mortgaging? There are a few things that you need to consider before deciding which will be the best mortgage for you.
Firstly you need to talk to your current lender to see what deals they are willing to offer you. Don't forget to note any associated fees. Secondly you will need to find out how much you need to borrow to repay them, this figure may include an Early Redemption Charge. Once you have this information it is then time to scour the marketplace for the best mortgage or contact a mortgage broker to do this for you.
Here at UKFCS Mortgage Specialists we will gladly do the legwork for you and if we can better the rate offered by your existing lender we will gladly apply to the new lender for you.
If you decide that you do not want us to act for you that's absolutely fine.
Interest Only Mortgage? If you have an Interest only mortgage with no repayment vehicle you need to act now! Call us to see what your options are
There are many different points to consider before proceeding with remortgaging your home and one of the first questions should be "why do you want to remortgage your property?" This may have a straightforward answer, similar to "we're reaching the end of our introductory rate and the payments are due to increase." In that situation it is worth contacting your existing mortgage provider, as it could be possible, if there haven't been any missed or late payments, that they will be happy to offer you a further introductory period for another two or three years.
Everyone won't be in such a fortunate position though and this is where the expertise of UKFCS Mortgage Specialists can really make a difference. A truly independent mortgage broker is able to compare the best deals across the whole of the market rather than being tied in with one or two mortgage providers. At UKFCS Mortgage Specialists we are able to obtain the current lending criteria for every mortgage company, and will know whether that mortgage provider is suitable for your requirements. UKFCS Mortgage Specialists are able to save you money because we will be able to ascertain whether you are likely to be offered a mortgage by a new provider. We work across the whole mortgage market and are not restricted by being tied to any mortgage provider we will find you the best possible deal for you and your circumstances.
It may be that you haven't reached the end of the introductory discount period on your current mortgage. If possible it is always better and cheaper to remain with the same mortgage provider until the end of this period. Should you need to remortgage before the end of the fixed rate term then it is highly likely that you will need to pay an early redemption charge, which is usually a percentage of the total amount which was borrowed. There may be additional fees charged by your mortgage provider for releasing the deeds and possibly late payment fees - if you have fallen into arrears. If you are looking to consolidate debts by obtaining a remortgage discuss this with your mortgage broker. Only by giving them the full information will they be able to provide the best remortgage for you.
Another benefit gained by asking a reputable mortgage broker to assist you is that they know the right questions and answers needed for a mortgage application. Although you can trawl though the various mortgage providers and hope that you are getting the correct information from them, UKFCS Mortgage Specialists know instantly whether the information is right.
Before doing anything else, contact UKFCS Mortgage Specialists and we will be delighted to explain how we can assist you in your search to remortgage your home.
We've used UKFCS Mortgage Specialists for many transactions because of their fast, knowledgeable and personal service combined with an excellent selection of lenders. Kirk, Danny, Alisha and the the team have been great for us and they can be for you too!By Ian Brown and Di Kuang
Excellent services delivered by UKFCS Mortgage Specialists for past 15 years. I am a landlord therefore frequently used the services of UKFCS Mortgage Specialists to arrange or re-mortgages rental or personal properties without any issue. UKFCS Mortgage Specialists are highly recommend.By Asad Riaz
We used UKFCS Mortgage Specialists for our recent mortgage. The staff are friendly and helpful and the process was smooth and easy. I would highly recommend this company.By Lauren Broughton
We are local estate agent who values good services that we can provide to our sellers and buyers and mortgage advice is paramount to us. We have been working closely with UKFCS Mortgage Specialists for a couple of years now and being so close to our office means many of our clients choose to visit them straight after coming into our offices, or alternatively we can arrange for them to call our clients at a convenient time to discuss their financial needs. They will guide the first time buyer through all the stages of the offer and explain everything every step of the way.By Erica
I would highly recommend UKFCS Mortgage Specialists, I have always felt supported and well informed throughout the mortgage application process and know that I can rely on their professional service every time.By Shaun Collins
Very efficient service with prompt responses and the best deals on the market. Would thoroughly recommend their services.By Steve Masters
As a first time buyer, we had lots of questions which were always answered in detail and it made the process of buying our home more smooth than stressful and we will be using UKFCS Mortgage Specialists again for future re-mortgagesBy Natalie
Authorised and Regulated by the Financial Conduct Authority. UKFCS Mortgages Specialists is the trading name of UK Financial Consultancy Services Ltd. UK Financial Consultancy Services Ltd, Registered in England and Wales No.5467810
Registered Office: 33 Darnley Road, Gravesend, Kent, DA11 0SD Your home may be repossessed if you do not keep up repayments on a mortgage or any other debts secured on it.
The overall cost for comparison is 4.4% however the actual rate will depend on your circumstances.
UK Financial Consultancy Services Ltd operate as an intermediary and are not a principal lender
Our FCA registered number is 435495 and can be found on the regulators website at www.fca.org.uk/register