Mortgage Broker

Remortgage

Find out more about how and why you can remortgage your property.

What is a remortgage?

You may have heard the term ‘Remortgage’ and wondered what it actually means?

This is means that you take out a new mortgage on a property that you already own – either to replace your existing mortgage, or to borrow money against your property. For example, to make some home renovations.

So why should you re-mortgage?

Well, most mortgage products only last a short period of time, often two to five years, which is the typical length of time offered on a fixed rate, tracker, or discount mortgage.

When your mortgage deal comes to an end, your lender will put you on its standard variable rate (SVR). It’s pretty likely to be higher than your old interest rate deal and more than likely higher than the best rates currently available.

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If this is the case…

Then it could be a good idea to look at remortgaging to a cheaper rate

This could be for a number of reasons, including:

  • Your current deal is about to end
  • The value of your property has increased
  • You want a better rate
  • You want to change to a flexible mortgage
  • You want to make extra payments on your mortgage

*Think carefully before securing debt against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

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How can Tipping & Webb help?

At Tipping & Webb, we make sure that we take adequate time to get to know you and your circumstances, not only does this allow us to understand your situation so that we know when and how the best way to communicate with you, but it also allows us to do what we do best and find the right deals to suit you.

And because we are a mortgage broker, this means that we have access to exclusive lender deals through our network Quilter Financial Planning, so you can be confident that all options have been considered when narrowing down the right product or service for you.

We also think it is incredibly important to take the time to get to know you, to learn about your current circumstances and your finances so that we can advise if a remortgage would be the right solution for you.

All of our advisers are also available outside of ‘normal’ working hours, so you can feel confident that we are there for you when you need us. Need some help? No problem, get in touch to chat with one of our experienced, friendly advisers today.

Speak to us about Remortgages

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What our customers say

 

  • “Amy has been a wonderful support as we look at getting our first mortgage for a renovation. She has explained everything with a wealth of experience behind her and in terms that even I can understand! We feel incredibly comfortable making such an important decision with Amy to advise and guide us; we couldn’t ask for any more patience and knowledge from this lovely lady. Would always recommend, without hesitation.”

    R. Longley

  • “Fantastic help and advice from day one! Within a few minutes of meeting Dan for the first time both myself and my partner felt at ease and have never felt pressured which is so important, especially when making one of the biggest purchases of our lifetime. Would thoroughly recommend Dan to anyone and definitely those who are a first-time buyer as every step and process is well explained and any questions are always answered promptly with honesty.”

    J. Humphries

  • “When we were just about at our wit’s end with the process of getting our first mortgage, Amy quite literally saved the day (and our sanity!) She was professional, calm and thorough. Fantastic communication throughout the whole process, she managed to secure us a fantastic rate and explained everything to us every step of the way. A genuinely lovely lady, cannot recommend enough.”

    Chloe Charters

  • “Lisa was recommended to me by a friend and she did not disappoint, fantastic from start to finish. I found a house I wanted to make an offer on, emailed Lisa at 9 pm on a Sunday (not expecting a reply till the following morning) and I had a mortgage in principle by 10 pm the same night. Lisa was always on the ball even through COVID. I honestly can't thank her enough for all her help and will definitely be recommending her to people in the future.”

    D. McCafferty