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Remortgage Advice in Essex

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Finding you the Perfect Remortgage Deal!

Once you start heading towards the end of your fixed mortgage term, you may be thinking that your best option to take will be a Remortgage in Essex. If this is the case, you are in good hands with us!

 

Across our two decades of working in the mortgage industry, including with Remortgages, we have helped thousands of homeowners to find much more preferable and competitive Remortgage deals, that are better suited for their circumstances and needs.

 

Remortgage Advisors in Essex

Our open & honest Remortgage Advisors in Essex have the ability to search through 1000s of Remortgage deals for those who get in touch.

 

If you are happy to go ahead with the remortgage deal that your mortgage advisor finds you, we can then go ahead and get you started with your remortgage, submitting your application to the appropriate lender.

 

Our trusted and experienced mortgage advisors in Essex always put our customers first and will always make sure that they are recommended the absolute best option for them to take. If you are better off staying put with your current lender, with your current deal, our Mortgage Advisors in Essex will be transparent and inform you of this

 

We would definitely recommend that you take advantage of a free remortgage review on offer with one of our expert mortgage advisors in Essex. Getting a free remortgage review could allow you to access a better mortgage rate, potentially saving you even more money down the line.

 

Get in touch with an experienced and knowledgeable Mortgage Broker in Essex today and we’ll see how we can help with your remortgage.

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Popular Reasons to Remortgage in Essex

Remortgage to Find a Better Deal

It is recommended that you start weighing up your potential options for what to do next, once you start to head closer towards the end of your initial fixed mortgage period.

 

We regularly find that once people have reached this point, they will look to take out a remortgage on your home. The alternative to this is being switched automatically onto your lenders Standard Variable Rate, which can be less than ideal for a lot of homeowners.

 

The reason why so many prefer not to be on this, is because the interest rate for an SVR tends to be much greater than your initial fixed period, meaning your monthly mortgage repayments will inevitably go up.

 

This is one of many reasons why enquiring with a mortgage broker in Essex about taking out a remortgage, tends to be a popular option.

Remortgage to Fund Home Improvements

We have worked hard to provide mortgage advice services to a variety of different customers, and this is no different when it comes to releasing equity from their homes to fund potential home improvements you have been looking to make.

 

People often do this ahead of starting work on any large planned improvements, such as a home extension, a potentially remodelled kitchen, or a loft conversion.

 

If you are considering what options may be available to you for releasing a large amount of equity to fund any home developments, we have quite a selection of mortgage lenders on hand to help.

 

You may find that there are some who could ask you to show any quotations you have for the proposed work, prior to it taking place.

Remortgage to Consolidate Debts

Some homeowners who are struggling with their credit may wish to consolidate any unsecured debts into their mortgage. The reason for doing so is that it allows you to merge all your outgoings into one manageable monthly payment that will be consistent for the duration of your mortgage term.

 

You must remember though that this type of practice will extend your debt over the course of your mortgage term and by the time your term ends, you’ll have paid more back overall. There will be a lot for you to think about when it comes to debt consolidation.

 

Bearing all of this in mind, we would highly recommended that you book a free mortgage appointment and speak to a Mortgage Broker in Essex prior to securing any debt against your main asset, that being 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.

 


 

Remortgage to Remove a Name

If you are the co-owner of a home and are looking to remove either yours or another name from the mortgage, this can be achieved by getting in touch with a mortgage broker and taking out a remortgage in Essex.

 

Even if you decide that you would much rather stay with the lender you’re currently with, you’ll find that you will be going through a similar process. The reason for this is because the lender needs to remain confident that the person who is staying on the mortgage can afford the monthly payments and has suitable credit.

 

For more information on any of the scenarios mentioned above or to gain a much deeper understanding of how remortgages work, feel free to go have a look at our Remortgage guides section or get in touch to book a free remortgage review with a remortgage advisor today.

Why choose us for your Remortgage in Essex?

Our dedicated and trusted team of expert mortgage advisors in Essex will offer every single one of our customers the opportunity for a free remortgage review in Essex with one a member of our team.

 

We have experienced and knowledgeable members of our mortgage advice team available 7 days a week, from early on until late at night, with bookable appointments that work around both your personal, professional and family lives.

 

If perhaps you are considering your options for releasing some equity from a remortgage, or even if you’re simply looking for a better deal, our expert mortgage advisors in Essex are ready, willing and able to analyse the mortgage options that are available to you.

 

We can search through 1000s of specialist and unique mortgage products, matching you up with various mortgage lenders criteria, in order to find the most suitable mortgage deal for your personal situation.

 

Here at Essexmoneyman, we are incredibly proud of the fact we can provide a fast and friendly Mortgage Advice in Essex. We adore the work that we do, working hard to ensure that we help customers to achieve their mortgage goals.

 

To learn more about the mortgage advice service in Essex that we provide and to see the levels of customer satisfaction we work hard for, feel free to take a look at our genuine customer reviews. You’ll see a wide variety of customers who were more than thrilled with our mortgage advice service.

 

If you would like to book a free remortgage review, get in touch or use our online booking feature to select a date a time that best suits you, subject to appointment availability. Our trusted Mortgage Advisors are here to answer all of your questions and concerns, getting your remortgage process started.

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Common mortgage
questions

If you choose to Remortgage and come off your lenders SVR (Standard Variable Rate of Interest), you increase your chance of saving money. A member of our dedicated mortgage advice team will compare the new products available against your current mortgage deal, in order to help work out these savings for you. If you have equity in your property, a remortgage also gives you the opportunity to release some of this money if required. Usually we find that people use this for things like home improvements.

You may be able to Remortgage and increase the size of your mortgage, in order to pay off any potential unsecured debts you may have gathered over time. You must not rush into this though as there can be negatives to this. We recommend that customers always seek Mortgage Advice in Essex before consolidating any of their debts!

Your free initial remortgage consultation in Essex will last roughly one hour. A trusted mortgage advisor will then compare a new deal against your existing product and recommend the most ideal one for your circumstances. You have no obligation to proceed, so it’s up to you to decide whether you wish to go ahead with the mortgage, or take a step back.

The fees will be similar to those you had when you started your current mortgage, though your dedicated Mortgage Advisor in Essex will run through all of the fees with you, so you’re in the loop and know what you’re dealing with. Your mortgage advisor will take these into consideration when comparing the savings of the new deal versus your current mortgage.

As your mortgage broker in Essex, we will need to carry out a Fact Find to establish what your needs are, prior to us recommending the most suitable mortgage for you and your circumstances. A credit check will be required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you will be able to receive a formal mortgage offer.

If you’re thinking about the future of your property, whether you’re looking at debt consolidation or home improvements, you may eligible for a second mortgage. This may also be a possible option if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

If you have had previous credit problems, the good news is you can still get a mortgage, though you may possibly have to put down a higher deposit than those with good credit, often around 15% of the property purchase price.

For an employee to prove their income, they’re usually required to provide three payslips, whilst for self-employed applicants they’ll need the latest 2 years’ accounts. You will also need to present the lender with proof of ID, address and the latest 3 months’ bank statements.

We make it so easy!
Our 4 step process

Step 1

An initial telephone call where we take some details and look at your Remortgage plan.

Step 2

A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!

Step 3

We will search and compare 1000s of products to find you the most appropriate deal.

Step 4

Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

Essexmoneyman.com & Essexemoneyman 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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk


Essexmoneyman, Elizabeth House, 28 Baddow Road, Chelmsford, Essex, CM2 0DG.

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