Remortgage

To discover the most suitable remortgage deal for your needs, reach out to us and schedule an appointment today.

There are many reasons why re-mortgaging might be the perfect option for you, whether you want to lower your monthly payments, adjust the repayment term, or potentially borrow more funds.

Your mortgage deal may have been competitive initially, but periodically reviewing and re-mortgaging when a better deal is available could save you significant money.

We can review your mortgage up to 6 months before it expires or if you have been switched to a standard variable rate. You have the option to stick with your current lender or switch to a new one based on your personal preferences and needs. We will contact you when it’s time to review, we are by your side and will ensure you get the most competitive deal.

Why should I remortgage?

Here are four reasons why you may need to remortgage.

Your current mortgage deal ends soon.

This is a good time to check for better mortgage deals before moving to the lender’s standard variable rate.

You’re paying a high-interest rate.

If you are currently on a standard variable rate, switching to a fixed or tracker rate may lower your monthly payments or help you pay off your mortgage sooner.

You want to pay off your mortgage early.

Switching to a mortgage that allows overpayments can help you pay off your mortgage sooner than expected.

Your property has increased in value.

In this situation, you could apply to borrow more for things like home improvements. Your decreased loan-to-value ratio may qualify you for a wider range of interest rates.

Is re-mortaging right for me?

Re-mortgaging may be suitable for you if:

Your current mortgage’s introductory offer is set to expire soon, and you wish to steer clear of being moved to your lender’s standard variable rate (SVR).
You want to consolidate debts.
To pay for home improvements.
You have a big expense coming up, like a wedding, school fees, or helping your kids with a deposit.
Your property has appreciated in value, and you are looking to take advantage of a lower rate by switching to a product with a reduced loan-to-value (LTV) ratio.
Your current lender’s product transfer rate is high, making remortgaging a more cost-effective option.

Re-mortgaging may be unsuitable for you if:

You need a small mortgage below £20,000.
You took out your current mortgage within the last 6 months.
Your mortgage has high ERCs (early repayment charges).

Think carefully before securing other debts against your home.

Consolidating debt may reduce your outgoings now, but you may end up paying more overall.

Your home may be repossessed if you do not keep up repayments on your
mortgage.

Think carefully before securing other debts against your home.

Consolidating debt may reduce your outgoings now, but you may end up paying more overall.

Your home may be repossessed if you do not keep up repayments on your mortgage.

This firm charges a fee of up to £795 for mortgage advice. The amount of fee will depend on your circumstances and will be discussed and agreed with you at the earliest opportunity.

Speak to an adviser

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You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive verbal contact from us to discuss your requirements.

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Contact Us

0800 211 8700
updates@lifetimegroup.co.uk
95 West Regent Street, Glasgow, G2 2BA