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Remortgage Advice in Middlesbrough

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Towards the end of your mortgage term, it’s recommended that you start looking at a Remortgage. This is where your Mortgage Advisor in Middlesbrough will look at your current deal and looks to help you switch to one with better interest rates.


If you’ve spoken to a Mortgage Broker in Middlesbrough like us, you’ll usually be sent a reminder around 6 months before your term is due to finish, in order to get the ball rolling ahead of schedule.


Remortgage rates mostly track the base rate of the Bank of England. At the time of writing, interest rates have been at an all-time low since March 2009. Those who are currently on higher rates may be able to transfer to a lower rate, saving them money on their monthly repayments.


No matter what type of remortgage advice you need, as a dedicated and committed mortgage broker in Middlesbrough, we will do all required to make sure that you end up with the best product available for your situation.


Whether you are looking to fix your mortgage interest rate for a new fixed period, needing to remortgage because you are separating/divorcing or just need to raise money by remortgaging, we are here to assist.


We will literally search through thousands of deals in order to find the best remortgage to suit your particular circumstances.


We are completely Open & Honest with our mortgage advice in Middlesbrough, if we can’t find you a better deal, or if the best solution is to stay with your current lender, then we will be sure to let you know.


How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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First Class Remortgage Advice in Middlesbrough

A remortgage consultation can usually save you time and money as our Mortgage Advisors in Middlesbrough be pointed in the right direction on where to go from the start.


Perhaps you want to raise money from your mortgage to pay for home improvements such as a new roof or extension and your current lender won’t let you do this, or another reason to remortgage could be if the value of your home has increased considerably since you took your existing mortgage out.


By remortgaging you could be on the receiving end of a much more favourable deal thanks to all that equity. Perhaps you’ve changed jobs and have a much bigger salary? You may want to repay some of your mortgages but your current mortgage provider has a steep repayment charge; this would certainly be another reason to remortgage. In summary then:

Why you may be keen to remortgage

  • You want to switch from a variable to a fixed interest rate.
  • Your bank says they won’t let you remortgage due to your poor credit score.
  • You want to remortgage in order to raise money for a home extension or some other property repair.



You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.


Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.



Why using a Mortgage Broker in Middlesbrough is a good idea

  • We have the time, and expertise to find you the best deal possible.
  • Remortgaging can prove confusing. We’re just at the end of the phone if you have a question to ask or just need a little reassurance. If you are particularly anxious about the whole process then we’ll hold your hand throughout.
  • You can find out what we managed to do for previous clients by checking our reviews at Reviews.co.uk

Contact Our Friendly Mortgage Advisors in Middlesbrough

We can search 1000s of deals for you. It’s just a case of honing in on which one is right for you. Certainly, you may be very surprised – and delighted – at how much we can save you when compared to your existing mortgage provider when you approach us as your Mortgage Broker in Middlesbrough.


If you’ve already been applying for a remortgage from your high street bank or building society and been unsuccessful then why not try contacting a Mortgage Advisor in Middlesbrough? We may be able to help.


As your mortgage advisor in Middlesbrough, we are here to help you.  Get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage

Your mortgage journey begins as soon as you get in touch with our team. We will send you over a fact find to fill out so we can learn a bit more about your personal and financial situation.

The next step of the process is for us to book you in for our free mortgage consultation so we can begin searching for the perfect mortgage product for you. We will also arrange a mortgage agreement in principle for you.

Once you’ve provided documents to support your agreement in principle, we can start preparing your mortgage application!

When you come to the end of your fixed-mortgage term, it’s likely that you’ll drop straight onto your lender’s standard variable rate of interest (SVR). Their rate usually tracks the Bank of England’s base rate on top of their own percentage. So, if you end up on their rate, it’s likely that you will pay more per month than you usually do.

This answer can change depending on the lender that you’ve used and how large the unsecured debt is that you’ve built up. But yes, sometimes you may be able to remortgage to incorporate your debts into your mortgage. When you do this, your monthly mortgage payments will increase and so could your mortgage term.

Before consolidating your debts into your mortgage, we would recommend that you speak with a professional Mortgage Advisor in Middlesbrough. Debt consolidation has both positives and negatives, so don’t rush into anything first.

Your free mortgage consultation with your dedicated Remortgage Advisor in Middlesbrough will roughly around 1 hour. During your consultation, we will review your current mortgage deal and see whether or not you can access a better rate. We will also run through all of your other possible remortgage options.

If we think that you can access a better rate, we will search through 1000’s of remortgage deals and try to find the perfect one for you.

The fees that are involved with remortgaging are similar to those that came with your first mortgage set-up.

If you speak to a Remortgage Advisor in Middlesbrough, they wrun through all of these fees with you. They will take these fees into consideration when comparing the savings of the new deal vs your current mortgage.

Yes, it may be possible to get a second mortgage. Reasons for getting a second mortgage include debt consolidation, home improvements, for a mortgage deposit for another property such as a Buy to Let property or a holiday home.

It can be still possible to get a mortgage despite having bad credit issues in the past. Although, you should know that some lenders may require you to put down a larger deposit; this could be 10%-15%.

During the mortgage process, you will be asked to prove your income, who you are etc. Some of the documents that you’ll be asked to provide include bank statements, payslips, proof of ID and proof of address. This may be slightly different for the Self Employed.

We make it so easy!
Our 4 step process

Step 1

An initial telephone call where we take some details and look at your Remortgage plan.

Step 2

A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!

Step 3

We will search and compare 1000s of products to find you the most appropriate deal.

Step 4

Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
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to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR

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