You could be on a high interest rate: A rise in the Bank of England base rate can increase your mortgage repayments if you’re on a variable mortgage rate. If changes are likely, you could find a more competitive fixed rate deal instead. Increased property value: An increase in the value of your property could mean you have a lower loan-to-value and could help you qualify for better interest rates. Your current mortgage might be finishing: As soon as your current deal ends, you will be put straight on the provider’s SVR (standard variable rate), which is almost always higher than your current rate. Remortgaging will help you stay on a better interest rate. Mortgage overpayments: If you are in a position to overpay on your mortgage, you might be able to switch to a provider that lets you overpay more on your mortgage. Equity release You may wish to release equity from your property in order to finance home improvements, pay debts or improve your quality of life. We work with experienced brokers who can search the market to find the best option for you.
With our quick and simple process, you can search the market in seconds. Save time and money with Mortgage Comparison. We work with a selection of the UK's Top Specialist Finance Experts, who search across the market to find you the very competitive rates. We will contact you to let you know who will be providing you your mortgage options and they will contact you directly.
Search the Market: Mortgage brokers have access to a broad network of lenders. This means they can help you compare a wide range of options to find the right mortgage for your unique circumstances. Saving £££s on repayments. Time-saving: Shopping around for the best mortgage deal can be time-consuming and overwhelming. Mortgage brokers can save you time by doing the research and legwork for you, helping you avoid the hassle of contacting multiple lenders. Expert advice: Mortgage brokers are experienced professionals who can provide you with valuable advice on various mortgage options, interest rates, and repayment terms. They can also help you navigate the complex mortgage application process and provide guidance on the documentation required. Negotiating power: Mortgage brokers can negotiate on your behalf with lenders to help you get the best possible deal. They can leverage their relationships with lenders to secure lower interest rates, waive certain fees, and more.
Remortgaging is when you change the mortgage you currently have on your property, this can either be through switching to a new lender, or by moving to a different deal with your existing lender. It can be an effective way to find lower interest rates and negotiate better mortgage terms.
A mortgage is a type of loan that banks and building societies lends you to help you buy a property. The loan amount will depend on the amount of money you have already saved up towards a deposit, as well as the amount of money you still need in order to reach the purchase price of the property you wish to buy.
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