Remortgaging your home is a step taken by many homeowners for different reasons – you may want to find yourself a better deal on your existing deal, consolidate any debts you may have accrued, or raise extra money for home improvements.
Whatever your reasons are, it's important you have the best advice available to you. Either way, our knowledgeable team of Mortgage Advisors in Stockport can support you in exploring these options.
Term reminders
Here at Leslie James Mortgages, our existing customers who approached us to obtain their mortgage initially will receive a reminder from our team before their fixed term ends. The early reminder is something we do in order for you to be prepared early. In this time, you can look into your options. If you don’t do this before your fixed term ends, you will automatically be placed on the standard variable rate which will likely make your mortgage payments increase.
Many people also choose this time to capital raise when they Remortgage.
Also known as releasing equity, a lot of people do this so they can cover finances for any larger developments like home improvements, or to consolidate debt. Usually, the best time to look for a new deal is around 3 months before your existing deal is due to expire.