What is Remortgaging?
You don’t need to move home to remortgage, remortgaging is where you pay off your existing mortgage with a new mortgage.
Reviewing your mortgage on a regular basis ensures it continues to fit your requirements and is still on the best product. In the current market, with low interest rates it is an ideal time to remortgage.
Reasons for remortgaging depend on your personal circumstances but the most common reasons are to save money, raise money or secure a better product.
By changing to a mortgage with a lower interest rate you can save money on your monthly payments. NM Finance can talk you through the costs involved in taking out a new mortgage.
Remortgaging to release equity is another common reason to remortgage. You can increase the loan to value of your borrowing, giving you cash to use on home improvements or debt consolidation.
If your personal circumstances have changed, you may be able to afford to pay off your mortgage over a shorter term, or want to ensure your monthly payments are consistent. NM Finance will advise you for example if a fixed rate would be more suited than say a tracker product.
NM Finance give professional remortgaging advice based on each individual’s situation, and can find the best remortgage deals for you.
Why use NM Finance?
In the current market, lenders are far stricter when deciding on whom to lend to and as a result, competitive rates can be hard to find.
At NM Finance we have access to exclusive remortgage deals that are not available to other brokers, and as we search the whole market for you, you can be sure that NM Finance will get you the best rates on your remortgage.
Arranging a residential remortgage is not as straightforward as it seems, with each individual situation bringing up its own set of questions.
That’s where we come in. The assistance of our team of experienced mortgage advisers can mean the difference between a costly or a competitive deal. Today’s mortgage market has thousands of rates on offer and having a helping hand to guide you, will help put your mind at rest in the knowledge that you have chosen the right product for you.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.