Remortgages
Remortgage
If you already have a mortgage on your home, you could be considering a remortgage to get a better deal than you currently have.
There are a number of reasons that people look to remortgage their properties. Understanding why you want to remortgage is important before you go ahead and sign on the dotted line. The reason that you want to go ahead will affect the remortgage deals on the market that could appeal to you. Below, you’ll find the common reasons people chose to remortgage:
Getting a Better Rate
Thinking about getting a better rate? An alternative mortgage deal could have a positive impact on your outgoings each month, which could make life easier for you. If you’re on a fixed rate mortgage at the moment, we will search through over 70 lenders saving you the hassle of shopping around for the most suitable deal possible. 1st Mortgage Services sources mortgages from the top lenders across the marketplace, matching the available solutions to your remortgaging needs. Always ensure that you do the sums so you get the most suitable rate for your needs/plans.
Consolidating Debts
One of the main reasons people choose to remortgage is that they have multiple debts that they want to get on top of. It can be very tempting to get the funds and use your home as security. It’s always a good idea to rethink whether you want to use your home when you borrow further, because it’s going to be at risk if you fail to keep up with the repayments.
By contacting 1st Mortgage Services, we will compile a detailed report to indicate whether it is financially beneficial for you to add a debt, or not – ensuring that you do not pay more interest over the term of your mortgage, unless you prefer to take on short-term lower payments to help your monthly disposable income now.
Change in Finance
We live in a troublesome economic climate. When things are going wrong with your finances, it could take extra borrowing to get you back on track. A remortgage could be the best option and shopping around for some of the suitable deals gives you more scope for choice. 1st Mortgage Services specialises in finding those deals, making sure you get the most suitable option for your circumstances.
Home Improvements
If you want to extend your home or do some much-needed renovations, then a remortgage to raise the finance to pay for the work could be the best option for you. It’s sensible, because you’re going to be reinvesting your money into your home, where you plan to live for a little longer, it also can potentially add value to your property too.
What our clients are saying
Benefits of Being With the Business
Considering succession planning can be overwhelming, especially when trying to navigate industry compliance and changes. However, I found a solution that not only alleviated these concerns but also offered valuable support for my clients.
By meeting with Julie Gilbert at First Mortgage Services, I discovered the advantages of fully onboarding with them. They provide access to additional resources, such as an administrator and regular sales meetings. This support allowed me to not only continue advising my clients but also have more time for my family.
When the time comes for succession planning, I can make the decision to continue advising without feeling pressured or rushed.
If you're in need of succession planning or considering onboarding, I highly recommend First Mortgage Services. They have the expertise and support to make the transition seamless and beneficial for all parties involved.
1st Mortgage Services is a lovely place to operate under as a mortgage and protection intermediary. They have a positive and forward-thinking attitude and a great team around you to support all aspects of the job.
I have personally gained a vast amount of experience from my time with the company and have benefited greatly from the shared experience of the whole team. The support of the marketing and paraplanning departments helps greatly with managing workload while ensuring industry standards are adhered to.
The team were all very welcoming and I have always felt at home since joining. It really makes a difference to have that positive working environment with other individuals and to feel part of a team, and 1st Mortgage Services has always had that for me.
Since joining 1st Mortgage Services, I have felt a level of support in growing my business I have not had before. Julie constantly thinks of new ways to generate business, keep engaged with local business’ and promotes the company in various different ways so we are never really out of people sight.
The recent regulatory changes haven’t been a challenge as the support we get from our colleagues, in admin and para planning are fantastic. So we are always on top of our cases and clients constantly kept up to date. This just means everyone who steps foot through our door gets the best possible service in all areas of the advice process from start to finish.
Speak to Us
We specialise in finding suitable mortgages for our clients from a curated list of over 65 lenders. We’ve done the hard work – we’ve already built fantastic relationships with these lenders, so you don’t have to. Our service is completely tailored to fit your requirements. We cater for most parts of the mortgage market and clients nationwide.
To inquire about succession planning or onboarding, reach out to us by email or phone.
- 01845 501830
- info@1stmortgageservices.co.uk
