Remortgages in Oldham

Remortgages in Oldham

If you’ve been considering remortgaging, then give Active Mortgage & Insurance Solutions a call.  We could help you to find the best deal out there to suit your needs and circumstances.

But what, exactly, is remortgaging and why would you do it? A remortgage is simply a case of transferring your mortgage from one lender to another. People do it for a variety of reasons and the most common reasons are as follows:

  • Obtain a more competitive deal. If your fixed rate product (or other type of special deal) has finished and you are now on your lender’s standard variable rate, it is highly likely that you can save money (and this can be a significant amount of money in some circumstances) by changing lenders and taking out another fixed rate or other type of mortgage deal. Your existing lender may also be prepared to offer you another deal. Either way, we can advise you what best thing to do is.
  • Capital-raise money for home improvements.
  • Capital raise money for the deposit on another property purchase.
  • Capital-raise for other legal purpose.
  • Debt consolidation.
  • Transfer of equity in a divorce settlement.
  • Transfer of equity for another reason (a transfer of equity is the term used to for the process of either adding or removing a person from a mortgage/property ownership).
  • Change the term.
  • Change the repayment method from interest-only to repayment (capital & interest).

Before you consider remortgaging, you should be aware that many factors could have an impact on whether it’s the best way forward for you.  A lot of the very best remortgage deals are reserved for those who have a reasonable amount of equity in their property, so the lower the loan-to-value, the better the deal.

When weighing up the most competitive and suitable deal, you need to consider the whole package. is it better to pay an arrangement fee and have a lower interest rate or is it best to choose a product with no fees and a higher interest rate? It depends on your circumstances and, in particular, the amount of the loan.

If you’d like to find out if remortgaging is the right way forward for your financial plans, please give us a call or send us a message and we can arrange a fee-free no-obligation meeting to discuss which options may be best for you.

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The Financial Conduct Authority does not regulate most buy-to-let mortgages.

We do not charge a fee for mortgage advice; however, a fee paying option is available. Our typical fee is £295 if a fee-paying option is chosen.

Active Mortgage & Insurance Solutions is a trading style of Philip Jeremy Godfrey, an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority.