REMORTGAGE SPECIALISTS

Remortgaging can save you a lot of money in the long run. 

Don’t laze around on the Standard Variable Rate !

Remortgaging can be a great way to save yourself some money. 
Here are the basics of the remortgaging process:

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To remortgage means to switch from your current mortgage to another one, with either the same lender or a new one.

It is often done to save money on monthly repayments as there are often deals available favourable to the lenders Standard Variable Rate.

The best time to start the remortgaging process is around 14 weeks before the end of your current deal. It is better to wait until close to the time at which your mortgage deal will switch to the standard variable rate. This should avoid any early repayment charges.

Before making any steps towards remortgaging, do some research.

Work out how much you can actually afford to pay. Get together all the information on your current mortgage and how much you are paying, and then look at how much you can allow this to increase if it were to do so. Our experts can make this a painless process that will save you money.

As a rough guide, the mortgage process usually takes between 4 and 8 weeks.

If there are any unforeseen circumstances this could take longer.

Remember: If you are remortgaging and switching lenders, this could take longer than eight weeks.

A mortgage offer will typically last 1 – 3 months. This will vary depending on your lender and the mortgage being offered, so make sure you check this.

CHEAP MORTGAGES LTD

THE BLOC, SPRINGFIELD WAY,

ANLABY, HULL HU10 6RJ

0800 56 77 882

01482 363546

info@cheapmortgages.biz