When a mortgage term comes to an end, instead of continuing with that mortgage or negotiating with the current lender, remortgaging gives flexibility to take control and improve your financial position. Switching to a new mortgage deal can improve repayment terms, release equity or save you thousands long-term in interest payments. So, if you want to make some home improvements, reduce your monthly payment, or simply be allowed more flexibility to overpay on your deal, remortgaging could be for you.
Remortgaging often takes place when an introductory rate or term comes to an end.
Some mortgage options to consider when remortgaging are:
Make sure you look at the maths before you take the plunge to remortgage. If you have a low mortgage debt, or a high repayment penalty, it may not be worth remortgaging at all (at least until the incentive period has passed). If you’re unsure, consider a consultation with one of our financial advisors who will happily guide you through the process.
Your property may be repossessed if you do not keep up repayments on your mortgage.
This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.
At Aston & Co we have the experience and the know-how to help you find the best remortgage deal to suit you and your budget. Our friendly and professional advisors are on hand to guide and support you in your choices. Contact us today to discuss your needs and pave the way to your happy-ever-after.