Burger Menu

Why Should I Bother to Remortgage?

If you are on your lenders SVR (Standard Variable Rate of Interest), you may find yourself in a better position to save money. As a Responsive Mortgage Broker in Beverley, we can compare the new products available against your current mortgage deal to determine what these savings may be. If you have equity in your property, a remortgage would also give you the option of releasing some of this money if you need it. Usually, people use this route for things like home improvements or remortgage for home office.

Can I Consolidate my Debts in Beverley?

You may be able to remortgage and increase your mortgage size to pay off any unsecured debts you may have accrued over time. We recommend rushing into this, though, as there are some downsides to this route. We highly suggest that customers always seek Mortgage Advice in Beverley before consolidating any debts they may have.

How Does the Free Remortgage Consultation Work in Beverley?

Your initial free remortgage consultation with our Responsive Mortgage Advisor in Beverley will last about an hour. We will then be able to compare a potential new deal against your current product, recommending the most appropriate one for your needs, with no obligation to proceed if you decide not to do so.

Are There Fees Involved in Remortgaging?

The fees involved in Remortgaging will be similar to those involved at the start of your existing mortgage. Your responsive Mortgage Advisor in Beverley will be able to run through all of the fees with you before making any decisions, able to consider these fees when comparing the savings of the new deal against the current mortgage you are on.

How Does the Mortgage Process Work?

As your Mortgage Broker in Beverley, we carry out a Fact Find to establish your personal needs before recommending the most suitable mortgage for you. A credit check is then required for an agreement in principle. Once you have provided all the relevant documentation and a property valuation has been undertaken, a formal mortgage offer can be issued.

Can I Get a Second Mortgage in Beverley?

Depending on your circumstances, if you’re looking to achieve something like debt consolidation or home improvements, then you may be able to take out a second mortgage on your property. If you’re looking to use it for yourself, a family member, a holiday home or a Buy to Let, a second mortgage on that property may also be an option.

Can I get a Mortgage in Beverley With Previous Credit Problems?

If you have struggled with credit problems in the past, you may still be eligible for a mortgage, though a lender may require you to put down a higher deposit than expected.

What Documents Will I Need to Send?

For an employee to prove their income, it’s usually three payslips and the last two years’ accounts if you are self-employed. You will also need to provide proof of ID, address and the previous three months’ bank statements.

UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Beverleymoneyman

Moneyman Logo







Moneyman Logo




Moneyman Logo

Ask Your Question





    Moneyman Logo

    Moneyman Logo







    Moneyman Logo

    Book your Free Consultation

    7 Days 8am - 10pm

    Moneyman Logo

    Moneyman Logo