Perhaps you would like to release some equity so that you can put the funds you have tied up in your property to use? Or, maybe none of those scenarios apply to you. No matter your unique situation, you can be certain that Contractor Mortgages Direct can provide you with the specialist advice and assistance that is right for your unique situation.
Re-Mortgaging In The UK
Re-mortgaging is a term used to describe switching your current mortgage to a new deal. There are numerous motives for doing this, including:
- For home improvements
- Debt consolidation
- To get a better rate
- Equity release
- Your financial situation has or will change
Re-mortgaging is becoming more and more popular in the UK. In January 2018, there were 49,800 re-mortgages, representing the highest figure in the last decade. This also represents a 19.1 percent increase in January 2017. Of these, there were 16,500 buy-to-let re-mortgages, which represents a 17.9 percent increase over the year before.
Comparison Websites And High Street Banks Are No Good For Re-Mortgages
The traditional route of going to your bank and asking them for a re-mortgage is not recommended. Why? Because this is only going to provide you with very limited options, as your bank will only offer deals from their specific range. This is why you need an independent mortgage provider who is a specialist in your unique circumstances.
Of course, in the digital age, more and more people are turning to comparison websites to find the best products. Again, this is not advised. Comparison websites do not take the lender’s criteria into place, nor do they consider the lender’s policy or how they treat contractors. By using our service, we do all of this legwork for you, and we already have a thorough understanding of the best financial products out there for contractors specifically.
We Make The Contractor Re-Mortgage Process As Easy And Efficient As Possible
No matter whether you are looking to consolidate some of your debts into your mortgage to ease your monthly outgoings or you simply want to get onto a better deal, we can assist. We have a team of expert mortgage brokers who have handled many re-mortgages over the years. What makes us different is that we work with contractors specifically, as we recognise that contractors have been drawing the short straw with regards to High Street banks and standard mortgage providers and advisory firms. That’s why we were established.
We also understand your unique payment structure, and we provide advice that is 100 percent tailored to suit your circumstances. With over 15,000 mortgage products to choose from, you can be certain that we will find something that is right for you. We will also give you a thorough understanding of how much money you can save and what the various financial products mean for you. If you are currently paying your lender's Standard Variable Rate (SVR) or your current interest rate is coming to an end, there is a very high chance that you are going to be able to save money through mortgaging.
We’re Waiting For Your Call
If you would like to find more about the best re-mortgage options out there for your specific circumstances, please do not hesitate to give us a call. You will speak to one of our experienced and friendly advisors, who will happily answer all of your questions and give you an understanding of what is out there for you at the moment. This conversation is free of charge and comes with no obligation to use our service.