Save money every month with a remortgage
You could save a lot of money by switching to a new mortgage and I have access to the whole mortgage market so you will be sure of getting the best remortgage possible. If you're coming to the end of your current mortgage's promotional rate or, even worse, are already on your lender's standard variable rate then get in touch today and see how much I could save you each month with a shiny new mortgage.
Blueberry Mortgages - remortgage specialists
Remortgaging can be tedious and time consuming but it can save you considerable money each month so why not get in touch with Blueberry Mortgages and let me find you the perfect remortgage. I will then do all the paperwork, liaise with banks, surveyors, solicitors, estate agents and whoever else is involved on your behalf because you have better things to do than spend all day on hold to a call centre.
What is a remortgage?
A remortgage is the process of taking out a new mortgage in order to pay off an existing home loan. People have many reasons for remortgaging but usually it is in order to save money by switching to a preferential fixed rate mortgage as their current fixed rate comes to an end.
Should I remortgage?
If you’re wondering whether a remortgage is right for you, the answer is probably yes. Maybe you have a mortgage that is coming to the end of your fixed rate or perhaps you’ve just had a mortgage for some time then it is highly likely you could save money every month by switching to a new mortgage. Get in touch and I will be able to let you know very quickly whether this is right for you at this time
How much can I borrow?
As with a home buyer mortgage, a remortgage will be assessed on affordability and the value of the property it will be secured against. As you have probably owned the property for some time there is a good chance it’s value will have increased meaning you may be able to release some of the equity by taking a remortgage that is larger than your current mortgage meaning you get to keep the balance once your current home loan has been paid off.
How long does a remortgage take?
It really depends on the individual case but I usually recommend allowing 6 to 8 weeks for a remortgage to get from application to completion. So it is essential you start thinking about your remortgage 2 or 3 months before the end of your current deal. But should you be in a hurry then speak to me as there are certain lenders and remortgage providers who are specialists at fast turnarounds.
What if I have a poor credit history?
Although it will limit the lenders willing to consider you for a remortgage there are a number of specialist lenders who are more than happy to consider all sorts of adverse credit records including missed payments, defaults, CCJ’s and even worse. Get in touch and I will give you an idea of what’s available to you
What interest rate will my remortgage have?
This depends on many factors but the interest rate of any mortgage reflects the risk to the lender. So someone with perfect credit, a large loan to value and a comfortable salary to loan ratio might be able to secure the most favourable interest rates somewhere below 2%. But as you stray further from this ideal you will notice rates start to rise accordingly. Keep going to other end of the scale to someone with a poor credit history, a small deposit and a stretched salary to loan ratio and they may still be able to get a remortgage but the rate could be as high as 5 or 6%
What if I can't get a remortgage?
If, for some reason, your circumstances have changed since you first took out a mortgage and you now find yourself in a position where you can’t get a remortgage I will work with you to help make you more acceptable to lenders. My advice is tailored to each individual client and I will make sure you are able to secure a remortgage as soon as is possible
Why shouldn't I just find a remortgage online?
Price comparison websites are a great place to start looking for a remortgage but they do not feature all the lenders as some only work through an intermediary or mortgage broker like me. I offer a completely free, no obligation remortgage consultation and will search the whole mortgage market to find you the ideal remortgage for your very particular circumstances so there’s no reason not to call for a chat to see how I can help
Why Use a Mortgage Broker
Although I offer a completely free, no obligation mortgage consultation there is a charge if you would like me to apply for a mortgage on your behalf, so why use a mortgage broker instead of going direct to a high street bank?
Making the wrong choice about your mortgage can cost you hundreds – even thousands of pounds – more than you need to pay. And because mortgages are awash with additional fees and charges, it’s all too easy to get tripped up. That’s why it makes a lot of sense to go with a mortgage broker.
The GuardianAvailable to everyone, paid for by readers
Mortgage brokers possess a wealth of valuable market knowledge and experience, in addition to having to be formally qualified to give advice on financial products. And independent mortgage brokers help you find the best mortgage deals available on the market – not just from a single provider.
Moneyfacts.co.ukHelping you make better decisions
They know which lenders are comfortable with unusual circumstances and they will offer advice and guidance throughout the mortgage process, they will also act as your advocate with the mortgage lenders, making it less stressful. They are also particularly useful if you are in an unusual position.
The HomeOwners AllianceWe're in your side
They might have exclusive deals with lenders, not otherwise available and they’ll help you take all the costs and features of the mortgage into account, beyond the interest rate. They often complete the paperwork for you, so your application should be dealt with faster and should only recommend a mortgage that is suitable.