Can I re-mortgage more than once?

You might ask so many questions, how many times am I able to re-mortgage my property? What is the process and where can I make sure I get the expert help I need to see that the process is as smooth as possible for me?  Look no further than MAS!

You might have various reasons as to why you need more than one mortgage, maybe to invest in buy to let, for the family or for holiday. For whatever reason you might have then it is possible to re-mortgage more than once. However, certain criteria have to be passed in order to be awarded more than one mortgages. Also it varies depending on the type of mortgage you are applying for.

In the event that one lender declines your application you should not give up. You should first determine the kind of second mortgage you want. Some lenders usually limit the amount you can borrow and others decline multiple mortgages, in this case we have professionals who can advise you appropriately.

Certain conditions have to be satisfied for the re-mortgage process to prove fruitful. Firstly, you have to be able to pay for the new mortgage including the existing mortgage. The second mortgage therefore should be adequately covered.

Secondly, you should ensure that your credit score are good, since this is done by most lenders then it is important that your credit rating to be high in order to be approved. Then it is important to ensure that your intentions of remortgaging are right. Borrowers who tend to provide incorrect information not to prove their income or those cheat on the type of mortgage they want in order to pay less are usually tracked down and due to enforcement of strict underwriting.

Before going through the remortgaging process, it is important to have all the possible options explained to you and the best mortgage options broken down. This will make it easier for you to select what suits you and help you to remortgage as many times as you want. This will save you money while ensuring that you have the best deals. It therefore goes without say that the team of experts at Mortgage Advice Service will provide you with useful information you need in order to help you land the best deal that suits you. You can visit http://mortgageadviceservices.com/to see the variety of services we provide and you can contact us and we will answer any question you might have.