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Residential Remortgage
Expert Remortgage Advice for all your Remortgaging Needs.
What is Remortgaging?
A process of taking out a new mortgage on a property you already own is called remortgaging. It is necessary to regularly review mortgage arrangements to confirm they are as appropriate and efficient as possible for individual circumstances. Remortgaging allows to replace the existing mortgage or to borrow money against a property. It can effectively help to reduce monthly repayments, and save money or free up capital if required.
Why should you Remortgage with DJB Mortgages?
Here at DJB Mortgages, we compare thousands of mortgage products to deliver comprehensive mortgage service advice. We are not one of the online comparison sites. DJB Mortgages is a trading name of Just Mortgages Direct Limited which is an Appointed Representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. The Openwork Partnership is one of the UK’s largest Financial Advice networks, with over 4,500 advisers and in excess of 700 appointed representatives based throughout the UK. This gives us the backing of one of the largest financial advice networks and allows us access to semi-exclusive and exclusive mortgage deals. We tailor each remortgage advice to fit personal circumstances. We complete all of the relevant paperwork for each client, liaise with solicitors, lenders and surveyors throughout the process, to make sure each remortgage process goes as smoothly as possible.
Expert Remortgage Advice on borrowing options when Incentive Period is ending.
A vast majority of the best mortgages only last for a short time. The typical length of time offered on a fixed-rate, tracker or discount mortgage is two or five years.
When a mortgage deal comes to an end, a current lender usually offers a couple of options. Very often these options are not as good as the ones prepared to new clients. If clients do not act and do not choose another Mortgage Deal, lenders put them on a standard variable rate (SVR). It is likely to be higher than the old interest rate and higher than the best buys available.
At DJB Mortgages, we understand the importance of getting the best mortgage rate. Even small differences in rates can have a substantial impact on repayments. It is vital to provide clients with trustworthy remortgage advice they can trust. We always ensure we explore all options that meet individual borrowing requirements. It means checking the remortgage proposal from the current provider and looking to see what other lenders are offering.
Expert Remortgage Advice on borrowing options to consolidate outstanding credit commitments.
Interest rates on mortgages are commonly lower than rates on personal loans – and much lower than credit cards. It might be tempting to borrow some extra money and use it to pay off other debts.
Please note that there are many essential factors in this type of transaction. Moving unsecured credit commitments and then securing against your home is a considerable risk. If you do not keep up with the payments your home may be repossessed.
Will it improve your financial situation? Get in touch with DJB Mortgages and let us consider all the critical aspects. We will carefully analyze your situation and give the best advice before we look at consolidating your debts.
Expert Remortgage Advice to release Equity from your home.
Equity is the share you own of the value of your home. For example, if your home is worth £250,000 and your mortgage is £200,000, your equity is £50,000.
Remortgaging to release built-up equity in a property can be a way to access extra cash – to pay for home improvements, repay short-term debts, helping with your children’s education or a deposit to buy their own home.
Depending on the reason for remortgaging DJB Mortgages, is a trustworthy mortgage advice service that ensures we only provide clients with the most suitable advice possible. Get in touch today to discover what we can do for you.
