Remortgage advice Kendal & Cumbria

As with all financial products, securing your mortgage isn’t the end of the journey – you need to review and/or renew your mortgage products to ensure that you have the best deal possible. Stead Mortgages has a decade of experience in helping you to do just that, and it can take as little as 4 to 12 weeks to arrange.

There are several reasons why you might be thinking of remortgaging:

  1. To benefit from a better interest rate
  2. To secure a good deal ahead of a Bank of England interest rate increase
  3. To introduce more flexibility to your mortgage ie overpayment to reduce the repayment period and cost
  4. To restructure your debts (adding them to a mortgage may reduce the APR but it takes longer to pay off and may increase the overall cost of the debt)

 

Whatever your reason, we are ready to help whenever you need us. And we can access the whole of the market, which opens up 1,000s of possibilities. Working together we can prioritise your required remortgage features and benefits to find the right options…then the right lender…and the right deal.

How can remortgage advice help?

We have provided remortgage advice to clients in Kendal, and across Cumbria. Here’s how the process works and how we can help:

  1. Review your existing mortgage, including any exit fee and early repayment clauses, to assess if it will pay you to switch
  2. Discuss your remortgage and protection needs
  3. Complete and submit an application for remortgage
  4. Await the lender credit search and valuation response
  5. Referral to a solicitor or conveyancer to handle all of the legal work for the remortgage
  6. Receive an offer letter and review any conditions laid out by the lender
  7. Confirm completion dates and fund transfer arrangements with your solicitor or conveyancer
  8. Repay your existing mortgage and receive any surplus funds

 

Your new lender will then correspond with you regarding your new loan. We highly recommend regular review of your mortgage arrangements so do keep in touch over the long term.

Get in touch

Please note:
You may have to pay an early repayment charge to your existing lender if you remortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.
We are unable to provide advice on secured loans, bridging finance or commercial lending but if you require advice in any of these areas, we can put you in touch with a specialist firm.