Selecting the right mortgage or remortgage is not always easy and with literally thousands of different mortgages to choose from, it can be difficult to determine which one is the most suitable for you. Choosing between a fixed rate, where your repayments are guaranteed to remain the same for a set period, or a variable rate – perhaps a discount or a tracker – where repayments can go up or down, can be tough.
Buying a new home or remortgaging your existing home are probably the most important financial decisions you will make, so it is important you get the best mortgage deal for your individual circumstances.
We make re-mortgaging as simple as possible.“The Overall Cost for comparison is 4.7% APR. Actual rate available will depend upon your circumstances. Please ask for a personalised illustration. Rate correct as at 17/09/2009″
To get a good idea of what is available, many home buyers use the services of an independent professional broker. Discount Mortgages are Independent Brokers and cover the whole of market. We are not tied to any one mortgage lender, which means we can search the entire market on your behalf to find you the best mortgage deals.
If your mortgage requirements are not straightforward, for instance if you are self employed or have an impaired credit history Discount Mortgages can help as they have access to exclusive products not available directly from the lender and will know which lenders will be sympathetic to your situation. It is also sensible to use the services of a broker even if your mortgage needs are very simple, the process of arranging finance to purchase your home can be a daunting process and Discount Mortgages can take a lot of the stress out of the process by guiding you through the mortgage maze.
Remortgaging is increasingly popular due to the relatively simple and flexible process. A remortgage is exactly what the name suggests; you switch your mortgage to a new lender, sometimes reducing monthly payments. Basically a remortgage is when you transfer your existing mortgage agreement to on another lender.
By remortgaging your house, you could save significant amounts on your monthly payments. Discount Mortgages can review your current mortgage and if you are being charged an excessive rates of interest, compared with other lenders we can recommend an alternative lender to you.
Why switch your mortgage?
There are various reasons why somebody remortgages. Often it is a cost saving exercise to reduce the monthly payment, although more and more one sees it like manner of consolidating debts and of reducing the total outgoings of household each month. One of the most common reasons of remortgage is to reduce costs by the change at an interest rate lower than their current lender.
Another reason with the remortgage is in order to raise additional money. Due to the fast rise in values in property during these last years, many of peoples mortgages are well below their current price of the house.
Current or past mortgage arrears, CCJ’s or defaults?“The Overall Cost for comparison is 4.7% APR. Actual rate available will depend upon your circumstances. Please ask for a personalised illustration. Rate correct as at 17/09/2009″
Customers for variuous reasons at no fault of their own sometimes get into arrears on their mortgage payments or they might have CCJ’s and defaults registered against them on their credit file.
Once you have mortgage arrears, CCJ’s or defaults most high street bank’s automatically decline a clients remortgage application as they are outside of their lending criteria.
The advantage of borrowing the money against your property is that the rate will be almost certainly better than if you have a personal loan. Arranging a remortgage can be surprisingly simple when Discount Mortgages look after the process for you. There is no chain of the purchasers to worry for, thus the whole process can often be supplemented in a few weeks. The process remortgage of the beginning to the completion can take as little as 2-6 weeks. In terms of costs there is no stamp duty to pay, because you are not buying a property. Many lenders will pay some or all your legal and valuation fees. In certain cases there can be fees of arrangement or fees of reservation with the new lender which can be added to the loan
Discount Mortgages treat each client of our clients as individuals. Discount Mortgages are here to assist and make your mortgage application as smooth as possible.
So why use Discount Mortgages?
Being Appointed Reps of Mortgages for Business who are Authorised and Regulated by the FSA we have access to exclusive deals offered by lenders/packagers that are not normally available on the high street or to all brokers. A mortgage is the biggest financial commitment for most people so you need to get it right first time.
We are here to make your life easier so ask Discount Mortgages to help you find the best mortgage for your individual needs.Our clients will deal with a fully CeMAP qualified mortgage advisor who will work with you to find the best mortgage for your individual needs.
Our advisor’s will do their very best to keep you fully informed on the progress of your case at each stage:
- Our clients are under no obligation whatsoever
- There may be a fee for online clients which is typically £399 and is only payable once we have an agreement in principle
- You can cancel your mortgage application at any time up to completion without any penalty
How to get your free mortgage quotes
You just need to enter some basic information into our Online enquiry form and we will search the entire UK mortgage market of products. We will present you with illustrations of the best mortgage deals available.
Or if you prefer, you can call a fully trained mortgage advisor free on 0800 298 0678. It will only take a few minutes of your time today but could save you thousands of pounds in interest payments.
Think carefully before securing other debts against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage.