© MMR-MORTGAGES.COM 2018
Our Mortgage Advisers will
search the market for a
Homebuyers or Property
Investors best rate remortgage
deal. We access the whole of
market mortgage rates
Remortgaging is where you repay your existing mortgage and switch to another lender When you take out a new mortgage, you sometimes get an introductory deal. Often a low fixed or discounted rate or a low tracker rate for the first few years of your mortgage. These type of Introductory deals can last between two and five years. Once the deal ends you will then move onto your lender’s standard variable rate. This is where planning ahead for when your current rate ends is a great idea. Instruct your Mortgage Adviser to search the whole of market well in advance of your current rate ending, you will then be able to choose the next best deal for you.Switching to a new mortgage
deal may save you money.
Remortgaging Advice
Before you switch - Check out the
costs.
You will have legal, valuation and administration costs to pay. The financial regulator introduced new rules to increase consumer protection and ensure that lenders act responsibly. You will be asked more information when you carry out a Mortgage Market Review (MMR). The application process is longer than before but you can be rest assured that your Lender is watching out that you can afford the loan. Your Mortgage Adviser is here to help you get the best deal for your move, remortgage or buy to let investment property. Some Lenders offer free legals. Do your sums and look at what the deal costs you. Watch for penalty clauses that apply your chosen deal. Some deals look good but are not portable. This means you are penalised if you want to move house.
Why use a Mortgage
Adviser?
Taking advice from a qualified expert
offers you extra protection because if
the mortgage turns out to be
unsuitable, you can complain to the
Financial Ombudsman.
Switching to a new mortgage online or
by post, without any advice from your
lender is known as execution-only.
If you go down the execution-only route
you can’t ask the lender for an opinion
on which mortgage is right for you.
Understand your costs
each month.
What can you afford?
Get ready to show evidence of your income, such as payslips and bank statements, and your outgoings, including other debt repayments, household bills and living costs such as travel, clothing, entertainment and childcare. Let your Mortgage Adviser search the market for you.
MORTGAGE MARKET REVIEW
(MMR)
The purpose of the review is to
focus on affordability and
responsible lending
Call 0345 463 7664
MMR - MORTGAGES
Complexity made easy
It is your responsibility to understand that your home may be repossessed if you fail to keep up your mortgage repayments
Complexity made easy
Remortgage
