When considering remortgaging, whether to release equity from your property or secure a better deal, Mortgage Knight is here to guide you through the process. Remortgaging often mirrors the steps of obtaining a standard mortgage but can be more straightforward in many cases.Â
With Mortgage Knight, you will receive tailored advice, ensuring each stage—whether valuing your property or transferring deeds—is handled with expertise and care.
Remortgaging in the UK offers a strategic way to reduce your monthly payments, consolidate debt, or unlock equity in your home. By switching your current mortgage to a new deal, you could benefit from more favourable terms, especially as your financial situation evolves. However, timing is key to maximising your savings and avoiding costly fees.
Access funds for renovations by releasing equity from your property, enhancing your living space or increasing its value.
Simplify your finances by consolidating multiple debts into a single mortgage payment with a potentially lower interest rate.
Switch to a mortgage with a more competitive interest rate to reduce your monthly payments and save on overall interest.
Remortgage before your deal ends to avoid reverting to a higher SVR, which could significantly increase your payments.
You can remortgage various types of properties, including shared ownership, Buy-to-Let, and interest-only mortgages. Each property type comes with its own set of criteria and considerations.
For shared ownership properties, only selected lenders offer these mortgages, so it’s important to work with a knowledgeable broker who understands the process. Buy-to-Let properties can also be remortgaged, with lenders assessing factors like current rental income, property value, and your personal circumstances.
If you are considering remortgaging an interest-only mortgage, be aware that this is viewed as higher-risk lending, requiring you to meet specific criteria, such as having a good income and significant equity.
Whatever your situation, Mortgage Knight is here to guide you through the remortgaging process, ensuring you get the best deal possible.
Choosing the right remortgage broker can make all the difference in securing a deal that truly benefits you. By working with a broker, especially an independent one, you gain access to a wide range of mortgage products, expert advice, and a streamlined application process. Here’s why Mortgage Knight is the right choice for your remortgaging needs:
We explore remortgages from a vast array of lenders, including niche and specialist options not found on comparison websites.
Our experienced team tailors advice to your circumstances, ensuring you get the best product for your needs.
With our deep industry knowledge, we handle your application efficiently, making the process quicker and hassle-free.
We understand lender criteria, increasing the likelihood of your remortgage application being accepted.
As an FCA-regulated firm, our advice is honest and clear, giving you confidence in your decisions.
When you’re thinking about switching loans, getting a rough idea of whether it’s worth it is a smart move. The easiest way to start is by asking a broker who works with multiple lenders or using an online calculator. These tools let you see if a change might be beneficial, comparing your current deal with others, and checking how a lower interest rate could impact your monthly payments.
While online calculators are a good starting point, nothing beats expert, no-obligation advice from our team at Mortgage Knight.
Securing the best mortgage deal could save you thousands over the course of your loan, so it’s crucial to find a deal that suits your long-term needs. Here are a few tips to help you access the most advantageous offers:
The best fixed-rate deals vary depending on your needs and the details of the mortgage. Lower rates often come with higher fees or shorter terms, so it’s important to consider the full picture, including arrangement fees and potential early repayment charges. Carefully compare deals to find the one that offers the best overall value for your situation.
Fee-free remortgages are available. These deals often include mortgage valuation and legal fees, and may even offer cashback to cover any costs with your current lender. Our brokers can help you find the best fee-free options that suit your circumstances.
The best lender depends on your individual needs and circumstances. With many lenders and new options entering the market, what’s best for you may differ from others. We can help you find the most suitable lender and scheme for your situation
A product transfer involves switching to a new rate with your current lender at the end of your existing deal. It’s a straightforward process if you’re staying with the same lender but may not always offer the best deal. Consulting with a mortgage broker can help you explore all options and ensure you get the best rate.
