Time to
Remortgage
You may be coming to the end of your product term with your existing lender or looking to borrow more for home improvements. Here at Stakes Hill Financial Services, we will fully discuss your options with your current and alternative lenders to obtain the right solution for you. If your current rate is expiring within six months, this is a great time to start comparing mortgage deals.
Your remortgage in 4 simple steps
Step 1
Book a time to chat over your existing mortgage with our personal home buying expert / mortgage adviser.
Step 2
Let us save you time and money by searching a panel of lenders (inc., your current lender) to find the right product for you.
Step 3
When you are happy with the advice, your mortgage adviser will apply for the right mortgage for you.
Step 4
We will work with the lender until your new mortgage begins and also remind you when the new deal is ending.
Get the advice you need; speak with a mortgage expert today.
What you need to know....
How much can I borrow?
You can get an indication of how much you can borrow by using our handy “how much can I borrow” calculator. The actual amount you can borrow will depend on your credit commitments, your regular monthly outgoings and how each lender assesses your income.
It may be possible to borrow more than our calculator shows you; that’s where the expertise of our personal advisers comes in, along with our knowledge of the lending market.
What are the costs of remortgaging?
Costs typically include administration fees and lenders’ product arrangement fees. There may be an early termination fee on your existing mortgage. There are many deals available, and our experienced mortgage advisers will calculate what is the right deal for you, focusing on saving you time, as well as money where possible.
Will I get the right deal?
Because we work with a range of lenders, we will be able to research and find a mortgage that works for your circumstances.
Why should I consider remortgaging?
There are many reasons to consider your remortgage options. However, the main reason is that you could be spending £1,000’s extra each year in additional interest. Other reasons could be that you would like to raise capital to build an extension, for home improvements or to consolidate some debt. It is best to chat over your existing mortgage and objectives with an expert mortgage broker to give you the advice you require to make an informed decision.
What insurance will I need?
It’s a requirement of your mortgage to have buildings insurance. This covers the bricks and mortar of the property.
It’s also a good idea to take advice from your personal adviser on protecting you and your loved ones if something bad happens. For example Life Cover, Critical Illness Cover and Income Protection.
When is the best time to remortgage?
You can remortgage at any time, however you want to choose a time when there is a positive benefit to you moving mortgages. This may be when:
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You’ve come or coming to the end of your current mortgage product
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You want to raise monies, for example to complete home renovations
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You are on a variable rate and worried about rates rising
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Rates are lower than you are currently paying
You can get advice as to when is the best time for you to change your mortgage by speaking with us.
How much will my monthly payments be?
Your monthly payments will vary according to the chosen mortgage term, choice of product and repayment type. You can get an indication of the monthly payments by using our calculator, but it is best to talk with a personal adviser to find out exactly what interest rate and term you can secure to give an accurate monthly payment.
How much can I raise from my property?
Depending on the amount of equity in your property and the amount you can potentially borrow, some lenders will allow you to borrow up to 90% of your property value, subject to the surveyor’s comments and the purpose of what you intend to spend the money on. Lenders will typically allow you to raise monies for home improvements, buying another property, and even consolidate debt.
To find out how much you can borrow and how much this is likely to cost, it is best to arrange a time to chat with an expert mortgage adviser.
I have had a change in circumstances, will I be able to remortgage?
Being accepted for a mortgage does depend on your circumstances. We are experts in a wide range of mortgages. We specialise in obtaining mortgages for the self-employed, contractors, construction industry scheme (CIS) workers and those with historic adverse credit (as well as employed customers of course). In all these situations we can frequently secure high street deals. Being mortgage experts is a real benefit in these circumstances
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Useful calculators
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How much can
I borrow?
Your annual income
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Your partner's annual income (if applicable)
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You could borrow up to
Talk over your objectives with an Expert Mortgage Adviser now on 07935 861489
Mortgage repayment calculator
How much will you be borrowing?
£
Over how many years?
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Your monthly repayment will be
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What is the interest rate?
Talk over your objectives with an Expert Mortgage Adviser now on 07935 861489
How much deposit / equity will I need?
Property value
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You will need a deposit of at least
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Talk over your objectives with an Expert Mortgage Adviser now on 07935 861489
Our mortgage calculators can give you an idea of how much you could borrow, the deposit you may need and your monthly repayments. They do not represent an offer. Lenders' terms and conditions are subject to frequent changes, please speak to an adviser.
Your home may be repossessed if you do not keep up repayments on your mortgage.
5-star reviews
Aimee Louise L.
"Jodene helped my husband and I switch our mortgage deal, when I was super concerned and stressed about rates increasing, Jodene helped make it seamless and easy to sort. Thanks so much. X"
"Jodene was very helpful in getting my re-mortgage sorted. Made my life so easy by taking everything needed and getting it sorted! Great communication throughout the process and talked openly about all options. Would strongly recommend using Jodene for any mortgaging needs!"
Martin C
"If you need mortgage help then look no further! Jodene worked tirelessly to arrange my mortgage renewal and kept me in the loop with everything. Communication is spot on and it seems there's nothing Jodene doesn't know. 100% recommend and I can't thank her enough for helping me and my family."