ReMortgage
When you first took out your mortgage, you might have signed up for a great deal. However, as time goes by, the mortgage market changes, and new deals become available. This means there might be a better deal available for you now, which could save you hundreds of pounds or based on more recent times, mortgages rates have risen, subsequently increasing your monthly repayments.
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By refinancing your mortgage, you can switch to a new mortgage deal to take advantage of the best interest rates currently available.
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This can help you with manageable monthly payments, save money in the long run. However, it's important to carefully consider your options before refinancing to ensure it's the right decision for you.
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To get started, you can speak to us at PD FINANCE, who can help you find the best deal for your needs. We can help you compare different mortgage options including staying with your current lender, we search the whole of the market and choose the one that's right for you.
Moving Home?
Can I Port My Mortgage?
If you are you planning on moving to a new house but want to keep your mortgage, you can do this as long as your mortgage is portable, you can make the transition smoothly. The lender will assess the value of the property and your financial status to ensure that you can still afford the mortgage. It's typically easier if the new home is worth the same or less than your current mortgage. In some cases, you may even be able to increase your mortgage if you can manage the repayments. However, if you cannot keep your current mortgage, you will likely need to pay it off, which may result in early repayment charges or ERC's if you are still locked into a mortgage deal.
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Visit our FAQ's page to learn about ERC's HERE and much More. Or contact us at PD FINANCE to help you with moving home.
DISCLAIMER: Re-mortgage
Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an Early Repayment Charge to your existing lender if you remortgage.