Re-mortgaging can be a great way to save money on your monthly repayments or to raise capital from your property. In this guide, we’ll take you through the steps involved in re-mortgaging for a better deal.
Firstly, it’s important to assess your current mortgage and determine whether you’re paying too much in interest. You can do this by checking your current interest rate and comparing it to current market rates. If you’re paying a high rate, it may be worth considering re-mortgaging.
Next, you’ll need to shop around for the best deals. This can be done by using comparison sites or by working with a mortgage broker like us who will advise you of the best product option for you, based upon your unique personal circumstances. When comparing deals, be sure to consider factors such as interest rates, fees, and any other incentives or perks that may be offered.
Once you’ve found a deal that you’re happy with, you’ll need to apply for the new mortgage. This will involve providing documentation such as proof of income, ID, and bank statements. The application process can take several weeks, so it’s important to be patient and to stay in touch with your lender or broker. dwello mortgages take great care and pride in helping customers to gather all of the required information and elements for their application. If you’d like help with investigating your options for re-mortgaging, don’t hesitate to get in touch. We’d love to help you understand the options available to you. For more information, why not get in touch
