Looking to remortgage?
At Cox Financial, we have over 30 years’ experience in providing trusted and reliable financial advice to people like you who are looking to remortgage. Our advisors can help you find a mortgage that is right for you and the interest rate option most likely to suit your needs.
With access to a panel of over 50 of the best mortgage lenders in the UK we can access deals that aren’t available direct from the lender. Couple this with the expertise of our experienced mortgage advisors and we could help you achieve better long-term value for money, save you time and minimise uncertainty!
Based just outside of Preston, our advisors will come to you, visiting you in a place and at a time that is most convenient to you.
For more information or to explore your mortgage planning options with Cox Financial, please contact us on 01772 613478 or email admin@cox-financal.co.uk and we will be happy to assist you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Tips for remortgaging
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Remortgaging means switching your mortgage to another deal with another lender.
Most people switch mortgages because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender, and you might get a cheaper deal with another lender.
Other people remortgage to consolidate their debts.
It is worth noting that a remortgage isn’t always the most suitable option. Sometimes any saving made by securing a cheaper interest rate can be outweighed by the fees incurred in setting up the new mortgage.
If you plan to switch mortgage, remember to look at the overall repayment period too. You may be able to pay less monthly, but check the final repayment date of the mortgage. It may be longer than your current deal.
You may be able to find a new mortgage deal with your current lender – and it may even work out cheaper to do so.
In fact, many lenders allow you to switch your mortgage deal quite frequently.
Securing short term debts against your home could increase the term over which they are paid and therefore increase the overall amount payable. You may have to pay an early repayment charge to your existing lender if you remortgage.