There are many reasons why existing homeowners want to remortgage their home. This can range from seeking reduced monthly payments by obtaining a lower mortgage rate than your current agreement or simply to raise funds for home improvements. At Alexandra Hamilton, in Ilford, Essex, we have helped a variety of clients remortgage their home, and one of our qualified advisors will be on hand to help you decide if it’s beneficial to switch lender.
When you turn to Alexandra Hamilton, your advisor will do their utmost to find a mortgage package that best suits your needs and requirements (i.e. your time constraints, budget, attitude to risk, lifestyle etc). They will take a proactive approach to your mortgage application while delivering a personal and efficient service.
The advisor will also look at the best product your current lender can offer before searching for a more competitive deal from another lender. By doing this, they can assess if it will be financially beneficial to switch to another lender or stay with your current lender. Your adviser will take into account any fees which would be payable if you do switch, such as broker, lender arrangement, valuation, and legal fees. It may be worth noting that many lenders offer free valuation and legal fees on remortgages.
After your advisor has carried out a review of the market, you will be advised of the options available to you and receive recommendations on which mortgages best suit your needs.