Remortgage Guide
This mortgage calculator,
aside from being a good tool for first time buyers
who wish to calculate the maximum amount they
can borrow, can also be extremely helpful to existing
homeowners who wish to remortgage.
Many homeowners, who have been with their current
lender for over 3 years, may find they are paying
interest at their lender’s Standard Variable
Rate (SVR), which is usually the lender’s
highest rate of interest. This means that these
borrower’s monthly mortgage repayments are
larger than they need to be, and can be reduced
with a remortgage.
Remortgaging is the process of switching mortgage
products to take advantage of lower interest rates,
thereby reducing how much you repay each month
to your lender. If you have had your current deal
for over 3 years, and believe you are paying too
much each month, then we recommend launching the
calculator and seeing how dramatically you could
reduce your mortgage payments.
As whole market mortgage brokers, The More Group
can research and source the best deals and lowest
rates for our clients. This means that if you
are an existing mortgage policyholder, and wish
to lower your monthly mortgage payments, then
we can examine the whole lender market to find
the right mortgage for your circumstances.
Get in touch today, and we'll help you save thousands
of pounds. |
