Nottingham homeowners
sometimes find themselves caught between a rock and a hard place – they took
out a mortgage at a fixed rate but now interest rates have fallen. Since they
took a fixed rate loan should they continue paying higher rates and lose money?
If you are stuck in this situation you will be happy to know that you canremortgage your property and save some money. Remortgaging allows you to pay
off what you owe to your initial lender and then get a new lower rate than the
one that you were paying.
Remortgaging, however, is not as simple as it
sounds. There are many things that you have to take into account. The first, of
course, is how much you will be able to save with the new rate. Don’t forget
that the bank that gave you your first mortgage will charge you penalties for
getting out of the contract early. This means that you have to calculate
whether the remortgage is worth it. In addition to that you should look at the
value of your property – if it is not higher than it was at the time you bought
it lenders may be reluctant to work with you. So how can you make sure that you
get the remortgage that you need? By working with experts at Mortgage Advice Services.
We are one of the best Nottingham re-mortgage advice services.
Our job is to help homeowners get both mortgages and remortgages. We will
look at all the relevant factors and then find a lender who will work with you.
The process is designed to make it easy for clients. The first thing that we will do when you call us is send an expert out to you so that you can discuss
with them what it is that you want. They will help you get your property valued
and also calculate whether a new mortgage is worth it when you consider the
fees that you have to pay. If indeed you qualify to remortgage they will help
you get a more affordable lender so that you can save money.
Before you call us you should go to our website and find out what kind of rates are available for the kind of property
that you have. This service is free and it is easy: just fill out a form and
submit it and find out what your new rates will look like in an instant. You
can find the form on our website, http://www.mortgageadviceservices.co.uk/.
Labels: benefits of re-mortgaging, Nottingham mortgage advice, re-mortgage advice, re-mortgage rates, re-mortgaging fees