You may be looking to remortgage your home for a number of reasons, looking to reduce your monthly repayments, reduce your mortgage term, reduce other debts, or you may want to release equity built up within your home for many reasons.
Whichever your situation is there are many factors involved when looking to remortgage, and the process may seem complex and time-consuming but don't worry, we are here to advise you at every step of the way and make sure that you get the correct mortgage for your personal situation.
Below are some of the reasons you may want to look at a remortgage.
Incentive period ending
When you are coming to the end of your mortgage deal, you will normally be offered a couple of options from your current lender, however, this isn't always the best option for you as with some lenders you will not be given the same deals they are offering 'new clients'.
At DJB Mortgages, we will make sure that we explore all options that meet your borrowing requirements. This means checking what you are being offered by your current provider but also looking to see what other lenders are offering.
If the best thing for you is to stay with your current provider, we will then complete this transaction for you and this is known as a 'PRODUCT TRANSFER'. However, if it makes financial sense to move to a new provider, we shall then guide you through this process known as a 'REMORTGAGE' from start to finish.
If you are looking at a remortgage to consolidate outstanding credit commitments, then DJB Mortgages can help you.
There are many big factors in this type of transaction such as moving unsecured credit commitments and then securing against your home is a big risk, as if you don't keep up with the payments your home may be repossessed. Another factor you that we will take into account is the amount of interest you will pay over the term of the mortgage, rather than the shorter personal loan options, etc.
So, before we look at consolidating the debts for you, we will make sure that we look at your situation and make sure this is the best advice for you.
You may want to release equity for a number of reasons, pay for home improvements, debt consolidation, family holiday, weddings, releasing money to help your children with a deposit to buy their own home, and many more reasons.
Depending on your reason DJB Mortgages will make sure that you gain the best advice possible, and will make sure that all options are explained to you.