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Before your fixed-term mortgage comes to an end, you should consider looking at your remortgage options. Whether you are looking to secure a better deal or release some equity from your property, our mortgage advisors in Lincoln will take a look at what options are available.
We recommend that you start exploring your remortgage deals up to six months before your current mortgage product ends. When your fixed term ends, you will be put onto your lender’s standard variable rate (SVR) of interest, where you will usually see your mortgage payments increase. So, starting your process as early as possible can potentially save you money in the long-run.
At the point of remortgage, many people consider raising capital. This can also be referred to as releasing equity. Some people will look to raise capital to fund large purchases such as home improvements or consolidate unsecured debts. We always recommend seeking professional mortgage advice before securing any debts against your home.
We guarantee to be transparent with you at all times during your mortgage process. For example, if we cannot find you a better deal and the best solution is to stay with your current lender, then that’s what we will advise. If we can save you money in the process, we will try and do that too!
You can book a free remortgage review to discuss your mortgage options with a mortgage advisor in Lincoln. During this review, we will look at your current/expiring product and see whether there are ways to save you money through the means of a remortgage. This could come in the form of a monthly saving or a longer fixed-term, we will go through every option with you.
We can search 1000s of remortgage products on your behalf to find the perfect deal for your personal and financial situation. Your mortgage advisor will be able to go through your options during this free review.
You can book your free remortgage review online or by giving our team a call. Simply select a date and time that best suits you and book in!
You may increase your chances of saving money if you are on your lender’s Standard Variable Rate of Interest (SVR). We will compare these new products available against your existing deal, to work out what your savings may be.
If you have equity in your property, a remortgage would also give you the chance to release some of this money if you need to use it for something. Usually, we see homeowners use this for things like home improvements.
The fees involved with remortgaging will be similar to when you started your current mortgage. Even still, your dedicated mortgage advisor in Lincoln will run through all of these fees with you. They will take these into consideration when comparing the savings of the new deal vs your existing mortgage.
You may have the option to remortgage and increase the size of your mortgage to pay off any unsecured debts you may have gathered over time. Please do not rush into this though as there are some negatives to doing this.
We recommend that customers should always seek mortgage advice in Lincoln before looking at consolidating debts!
As a mortgage broker in Lincoln, we can explore various remortgage options with you. This includes remortgaging for home improvements, equity release and debt consolidation.
If you are looking to achieve any of these through your remortgage, speak with our remortgage advisors in Lincoln today and we can take a look at your options to see what is possible.
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4.99 Rating106 Reviews
Thomas
All of the members of the team I spoke to including Jason and Stacey were fantastic. They answered all my questions and provide support where needed. I would definitely recommend
4 weeks ago
Anonymous
We reached out to just see where we stood in regards to our borrowing limit and we’ve come out the other end with a mortgage offer and we are going down the route of getting out own home! This never would have been possible without the help of...
8 months ago
Mr Jamie
Daniel was very friendly, knowledgeable and explained everything to us in enough detail without being overwhelming. He gave gentle reminders for things that we had forgotten to do and got us a very good deal for our remortgage. Would highly...
8 months ago
Anonymous
We had a great experience arranging a remortgage with Dinah and Paula. Our situation was a little complicated, but we received very practical advice and they assisted us right through the process. It was all very straightforward in the end. Thank...
10 months ago
Anonymous
Excellent service. Jason has been very helpful and encouraging every step of the way, especially considering our complex circumstances. Easy to set up video calls to discuss matters and email communication has been very quick, detailed and achieved...
10 months ago
Charlotte
Charlie has been nothing but helpful, answers all questions thrown at him, takes the time to explain what everything means which has been hugely helpful as a first time buyer! It’s been a really quick and smooth process from the rest of the team...
11 months ago
Anonymous
Jason and Megan were absolutely brilliant! Both helping me through the entire process.
1 year ago
Hope
Matt & Paula have been so great and efficient in supporting us as first time buyers. Not once did we feel overwhelmed during the process which is great given that we came into this not knowing what to expect. Everything has been quick and efficient,...
1 year ago
Thomas
Matt was incredibly honest and helpful throughout the process even though he was aware I was speaking to a variety of advisors at my point of contact. His knowledge, responsiveness, and willingness to discuss options available to me, made him the...
1 year ago
Hannah
Matt and Stacey were really helpful in sorting our remortgage out. Matt was quick to get back to us when we had questions and Stacey was always on hand as support
1 year ago
Alexander
Dinah has always been available and communicated any changes or good advice we needed. We really appreciate your support
1 year ago
Emma
Quick, efficient, informative service
1 year ago
Milly
Charlie Bryson has been fantastic, supporting me as a first-time buyer from getting an agreement in principle to viewing houses and then through to a mortgage offer in just two weeks! It was a pleasant surprise to find a broker who could explain...
1 year ago
Tori
My mortgage broker was Leo! He’s always been amazing and Iv been dipping in and out for a few years. He really helped me and found the best deals and explain everything I didn’t understand. He was always there on hand and if he had any...
1 year ago
Matthew
Very quick and helpful service.
1 year ago
Andrew
Very helpful and efficient
1 year ago
Michael
Had the good fortune of having Louise H handling our mortgage/sale and she was fantastic throughout. Often filling gaps in communication from our solicitor and regularly engaged from start to finish.
1 year ago
Gordon
I used Lincolnmoneyman when the Nationwide seriously let me down with their offer of a mortgage. Dan Osman was immediately helpful and explained the system and facilitated the set up of our equity release mortgage. With the help of his assistant...
1 year ago
Jordan
‘Great service as usual’
1 year ago
Justin
Daniel was so helpful, he gave us several options despite the worst time to change mortgages! We highly recommend them.
1 year ago
Book your free remortgage review online and speak with one of our mortgage advisors in Lincoln.
We will take a look at your current product and see whether you can save money by remortgaging to a new deal.
We are able to search 1000s of mortgages via our panel of high street and specialist mortgage lenders.
By evaluating your current mortgage situation, we will be able to find the perfect deal for you!
Once we have found the perfect deal for you, we can begin preparing your remortgage application. From this point in the process, you will work alongside our case managers.
They will help you prepare your remortgage application, making sure that it looks the best that it can! Once we are finished, we can send it to the mortgage lender.
Now that you have submitted your mortgage application, all that is left to do is to wait for the good news!
As soon as your dedicated case manager hears back from the mortgage lender, we will be in touch straight away to tell you the good news!
We offer a free remortgage review in Lincoln for all new/existing customers. Our team are available 7 days a week, working around the clock, ensuring that we have availability at a time that suits your schedule. Give us a call or book your free remortgage review online today with Lincolnmoneyman.
We can search through thousands of remortgage products to find you the best deal for your circumstances. By evaluating your personal and financial situation, we are able to pick out the perfect remortgage product for you and your unique circumstances.
Helping customers achieve their Remortgage goals is the heart of this company. Here at Lincolnmoneyman, we offer open and honest mortgage advice in Lincoln. Please feel free to read our genuine customer reviews.
Usually, when your mortgage’s initial fixed period is due to end, your option can be to look at Remortgaging. Otherwise, you will be automatically switched onto your lenders’ standard variable rate of interest (SVR).
The interest rate is usually higher than your initial fixed period, so, your monthly mortgage payments will increase. Hence this is why it’s a popular time to look at remortgage advice in Lincoln.
It’s always best to give yourself plenty of time to go through your options and get your new mortgage deal processed. Typically, this is 3-6 months before your fixed rate ending.
We have worked with many customers to release equity from their homes to fund home improvements. These improvements can vary from a home extension, a new kitchen, or a conversion to add more loft space.
If you would like to look at your options to release an amount of equity to fund any new home developments, such as an extension. Some lenders may ask you to provide them with quotations for the work.
Consolidating unsecured debts into your mortgage might decrease your outgoings into one affordable monthly payment.
However, you will be extending this debt over your mortgage term and will end up paying more further down the line. There are many factors to take into account when considering debt consolidation.
Therefore, we highly recommend that you speak to a mortgage broker in Lincoln before securing any debt against your home.
You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.
Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.
Suppose you co-own a property in Lincoln. If you want to remove a name, you will need to remortgage for this to work.
Even if you are remaining with your existing lender, the process is the same. The lender needs to know that whoever stays on the mortgage is creditworthy and can afford the mortgage payments.
For more information, please visit our remortgage guides section of the website to learn more about this topic.
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Lincolnmoneyman.com & Lincolnmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Lincolnmoneyman.com & Lincolnmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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