Remortgaging your house
Remortgaging is the process of replacing your current mortgage with another from a different lender without moving property.
Remortgaging could give you the flexibility to change your mortgage as your lifestyle changes.
In a turbulent mortgage market it makes sense to get expert advice - mistakes can prove very expensive in the long term.
What are the benefits?
- Remortgaging to a fixed rate mortgage could help borrowers with knowing exactly how much their mortgage payments are each month.
- A remortgage can be used to raise extra money to fund home improvements.
- Potential savings could be made by remortgaging to a product with a lower interest rate than your current mortgage.
- Your mortgage is likely to be a significant part of your household expenditure - it makes sense to review this regularly.
Remortgage calculator
To demonstrate the effect on your monthly mortgage repayments of moving to a different mortgage rate, use the calculator to work out approximately how much you could potentially save on your monthly payments by remortgaging.
Remortgage valuation
Use the online tool to give you an indication of your homes current market value. Once you start the remortgaging process your lender will then do their own valuation which could be desk based or a physical valuation.
Embrace Financial Services Remortgage Club
Customers who have selected their mortgage with Embrace Financial Services are enrolled free of charge into the Remortgage Club. The Remortgage Club is designed to remind you when your current mortgage deal is about to come to an end, to prompt you to review your arrangements and to advise you on the most suitable course of action in relation to your existing mortgage.
Keeping your home and lifestyle safe
- It can provide mortgage options for you now and in the future.
- Embrace Financial Services source great value mortgages at a price you can afford.
- They also offer Life Cover, Critical Illness Cover & Income Protection Insurance, underwritten by Aviva.
- They will review your mortgage and protection products as your needs change over time.
- Help to get the balance right. It's not just about borrowing but also ensuring that you keep your home and lifestyle safe, protecting you and your family should your circumstances suddenly change.
We will charge a fee between £499 and £999 that is payable on application of a mortgage. The amount we will charge is dependent on the amount of research and administration that is required. We reserve the right to charge a subsequent fee of £149 for each further application that may be required. We will also be paid commission by the lender.
As a Remortgage Club member a discount of 50% will be applied to the standard fee charges, e.g. if you would have paid £500 you will pay £250. It's one of the main benefits of being a member of our Remortgage Club.
Getting remortgage advice
Deciding whether it would be beneficial to you to remortgage is all about the timing and your personal circumstances. You will need to consider whether the benefits of switching mortgage deals to a new lender will outweigh the cost. To demonstrate the effect on your monthly mortgage repayments of moving to a different mortgage rate use the Remortgage Calculator.
Our partners Embrace Financial Services know the ins and outs of the mortgage market and can explain everything in a way that is both comprehensive and straightforward - contact them today to book an appointment on 0800 056 4508^ or book an appointment online.
^ Calls may be recorded and/or monitored for training and/or data protection purposes.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Your initial mortgage appointment is without obligation. Embrace Financial Services normally charge a fee for their services; however, it is payable only on the submission of your mortgage application. The fee will depend on your circumstances but the standard fee is £549. Complex cases usually attract a higher fee. Embrace Financial Services will discuss and agree the fee with you prior to submitting any mortgage application.