Considering re-mortgaging? The trend of switching suppliers for a better deal is common nowadays.Multiple home owners are re-mortgaging to get benefits from new products or rates. However homeowners also consider re-mortgaging to raise money or to raise funds for property expansion. Some benefits of re-mortgaging are;
- • To obtain a better interest rate
- • Funds for property improvements
- • Home extensions
- • Equity release
- • Alterations to their financial situation
- • Pay off debt
- • Their current fixed rate is coming to an end
Before re-mortgaging there are some things you should consider, in some cases when a mortgage is taken out of a properties’ value, lender charges tend to be higher.
If the term of your fixed rate expires your mortgage will go back to the lenders’ SVR or Standard Variable Rate. Now the SVR may become higher than any other lenders’ rate due to the larger variations among lenders.
You can contact our qualified mortgage advisors no matter where you are in the UK.Lothian Mortgage Services can save you thousands of pounds by taking action to solve your issues. Our independent mortgage specialists carefully assess your needs and ensure you to get the best suitable help.
Remember there is absolutely no obligation. We believe in customer security,this is why we do not share any personal details with third parties. So if you would prefer to obtain our free advice feel free to contact us.