Tailored advice

Staying with the same lender is not always the best option when other banks are vying for your business. We can help advise what the best option is based on your circumstances and we have saved our clients’ money on countless occasions.

My rate is expiring. How soon should I look to secure a new rate?

Do not delay. Procrastination here is not your friend. Leaving it too late to secure a new mortgage, and have the legal paperwork in place to transfer your mortgage to a new lender is time consuming and can cost you money. The media have even labelled this “The procrastination penalty”.

The advice that Mortgage Republic always give to our clients is to start this process approximately 4 months prior to your mortgage deal or rate expiring, and no later than 3 months before.

Whilst of course things can be done much faster, it is best for you to have everything in place, mortgage offered, and legal work completed all ready to change to your new deal the day after your current one expires. Leaving it too late can leave you paying your lender’s standard variable rate which typically is a higher rate than you could potentially secure.

As part of our lifetime service to our clients, we will maintain contact throughout your mortgage term, to check that you are always on the best deal for your circumstances.

Typically about 4 months before your deal comes to an end, we will be starting to make contact and establish your current situation, and what is important to you. Your mortgage payment is likely to change [not always upwards currently] and it is important we are in a position to move the mortgage to a better deal – if that is the appropriate action to take.

Sometimes it is appropriate to consolidate unsecured debts on to your mortgage to reduce your monthly outgoings. We can establish whether this is a viable option, and offer sound financial advice for you as an individual. We will explain all the pros and cons of doing this type of transaction. Not all lenders allow you to do this and as a whole of market mortgage broker we are placed ideally to ensure you are getting the right advice and being placed with the best lender for you.

We are here to help you raise the finance against your home for a new kitchen, an extension, a garden room. We will advise you on the best way to raise the funds you require; whether that is a remortgage or further advance with your existing lender.

As expert mortgage advisors, we are dedicated to making sure you always pay the least possible on your mortgage for your current situation. We actively manage your mortgage to ensure you are always on the lowest rate possible.

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

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Request a call back

Our team are on hand to give you a call to discuss your needs and source a mortgage that works for you. Simply fill in the form and we’ll be in touch!

 There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £495 payable on application.
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.

Mortgage Republic Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Mortgage Republic Ltd, 26 Byron Avenue, Dereham, Norfolk, NR19 2GW.

Registered Company Number: 10115326 Registered in England & Wales
Copyright © 2018 Mortgage Republic. All rights reserved.

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