Tag: remortgage
7 remortgage FAQs
If you are reaching the end of a reduced-rate mortgage deal, remortgaging may give you the opportunity to find a better offer than your existing lender’s standard variable rate. We answer some of the questions we are most frequently asked about remortgaging. 1. Do I need a solicitor to remortgage? Unless you are staying with...
What does the latest interest rate hold mean for your mortgage?
When the Bank of England left interest rates unchanged at 5.25% on 1st February 2024, it was the fourth successive hold following fourteen consecutive rate rises. It comes after a fall in inflation during the second half of 2023, with a modest increase to 4% announced in January. The bank is likely to be of...
7 remortgage mistakes
There are several mistakes that are frequently made when remortgaging. We go through the top seven remortgage mistakes that we see and explain how to avoid them. Remortgaging is often beneficial, giving you the chance to move to a better deal, to reduce or increase the amount you borrow as your circumstances change and allowing...
Making your mortgage more affordable
With interest rates continuing to rise, homeowners are facing concerns about the affordability of mortgages. We take a look at options that might help. Typical two-year fixed-rate mortgage deals are now, on average, at more than 6%, making the situation difficult for first-time buyers and those looking to remortgage at the end of a reduced...
Do you need a solicitor to remortgage your property?
If you are remortgaging, you may be wondering if you will need a solicitor. We take a look at the legal situation and the steps you will need to take to remortgage. There are many reasons to remortgage, including: Unless you are staying with your existing lender, you will need to instruct a solicitor to...
Tips for first-time buyers who will be applying for a mortgage
Applying for a mortgage as a first-time buyer can be daunting, particularly when coupled with a fast-moving property market. We take a look at how to successfully deal with the mortgage aspect of taking on your first home. It is always recommended that you start looking at mortgage options before you find somewhere to buy....
The remortgage process
As mortgage deals become available with interest rates of below 1 per cent, remortgaging has the potential to save money for those currently paying much higher rates. For the first time ever, interest rates on a five-year fixed rate deal have fallen below 1 per cent as lenders compete for business. This is believed to...
