What is a re-mortgage?


Many individuals and business use mortgages to purchase real estate purchases without having to pay the full amount of purchase upfront. The individual then pays the remaining amount monthly plus interest over a period as agreed with the lender. Re-mortgage involves switching to a new mortgage deal which could be with the same lender or a different one. People and businesses re-mortgage for various reasons. Some of the reasons include; when the current deal with the lender is about to end, in pursuit of a better trade, home value going up, wanting to borrow more just to name a few.

Mortgage Advice Services understands that re-mortgaging can be confusing to many people. For this reason, we are uniquely specialised and have a lot of expertise in re-mortgage advice and the re-mortgage process. We are fully dedicated to the financial health of our customers and go far and beyond to ensure that all our consultants are professionally qualified.

At Mortgage Advice Services, you are guaranteed the best mortgage advice and superb customer service. Whatever your re-mortgage needs are; be it to pay off debts, release equity or get a better rate, Mortgage Advice Services is entirely dedicated to helping you achieve that. We offer a no obligation service that will provide you with an indication of the mortgages and rates available to you. Getting the best remortgage rates can be difficult, but with Mortgage Advice Services, this is not a problem. This is because we search the whole UK market for the best lender to suit your individual needs.

The re-mortgage process involves a series of stages;
•    Ascertain the loan amount you require
•    Think carefully before increasing your loan amount to pay off other credit
•    Make a note of your personal details
•    Inform your adviser of your requirements and agree on a mortgage lender and product
•    Submission of application to lender
•    Choose a solicitor
•    Valuation, confirmation of details provided
•    Mortgage offer
•    Conveyancing and completion

This process may seem complicated, but not to worry, Mortgage Advice Services Provides you with a personally trained consultant who is helpful every step of the way. We can outline the requirements needed, match them with your needs and come up with the best solution for your problems. Our consultants are always on call ready to answer all your queries and concerns ensuring that your financial well-being is well catered for.
For more information or questions, please visit http://www.mortgageadviceservices.co.uk/ or call 01332 257087.

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