How To Remortgage

Understand Your Requirements
Having a clear understanding of why you need to remortgage, and what your limitations are, will help you make the most of a remortgage. Have you considered any of the following:

Are you prepared to pay a mortgage broker to arrange the remortgage on your behalf?
What is your credit rating? Will you need to self-certify your income?
How much equity is in your property, and will you require a remortgage deal that has a high Loan to Value (LTV) ratio?

Research
The internet is a great tool for researching remortgage deals – there are a wide range of mortgages available, and it is advisable to get a firm understanding of what mortgages are on offer, and by which lenders. Comparison sites such as moneysupermarket.com can be an easy way of

Look to the Future
Planning ahead is very important when finding a remortgage – the deal you find not only has to suit you today, but also adapt to your needs in the future. Many deals have Early Repayment Charges, which could leave you liable to penalty if you remortgage early.

Important questions to ask yourself are; do you wish to move home in the foreseeable future? Is your income liable to change (for better or worse)? Is your property value likely to decrease?

How you answer these questions will affect which type of mortgage is suitable to you.

Take Advice
The mortgage market can be very complex, and finding the right remortgage can be time-consuming and confusing. The More Group’s remortgage experts will discuss your requirements, research the mortgage market on your behalf, and could arrange the remortgage from start to finish. To speak to one of our experts, simply complete our online form.