REMORTGAGE
If your current mortgage deal is coming to an end, or you’re looking to reduce your monthly payments, remortgaging could save you money. Our expert advisors will review your current arrangements and help you find a better deal tailored to your needs. We’ll make the process simple and straightforward, ensuring you stay on track with your financial goals.
"Clear, reliable advice on remortgaging from McGirls Money Management"
Switching your mortgage deal can save you money. Lots of mortgages have a fixed term of 2-5 years. If you’re reaching the end of your original mortgage rate, and you want to avoid being put on a standard rate, you can look around for a new mortgage. Your McGirls Money Management mortgage adviser can help you find a new deal, which may reduce your cost.
If you want to take a loan out against your property, remortgaging may provide the opportunity to borrow on low rates. Many people remortgage to make home improvements, or to buy a new car. Your McGirls Money Management mortgage adviser will provide options, and take you through the fees incurred, so you can check the overall cost of the loan.
It could be that you want more flexibility than your current mortgage offers. Maybe you want to take a payment holiday in order to go travelling, or return to education. Your McGirls Money Management mortgage adviser will help you to find what you need, and talk through the the potential for higher costs attached to more flexible mortgage payments.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
YOUR MORTGAGE APPLICATION
If you have received a ‘Decision in Principle’ from your mortgage lender, you are in an excellent position to make an offer on your new build property. Once accepted, your mortgage adviser will make a full application on your behalf. The lender will carry out a valuation of the property and make the necessary checks to ensure you meet their lending criteria.
The mortgage offer is normally valid for 6 months, which can be a problem if your new build home isn’t completed yet. Some lenders offer for longer periods to overcome this issue and your mortgage adviser will provide appropriate guidance should you need a longer mortgage offer.
Remember – your McGirls Money Management mortgage adviser will be guiding and supporting you through every phase of the journey. You’ll have the benefit of their experience and expertise, throughout.