RemortgageMortgage & Protection Advice
Remortgaging could save you £000’s!
It’s fair to say that to most people their property is the largest single asset and the monthly mortgage payment is probably their largest monthly commitment.
Therefore it makes sense to explore the potential to reduce the monthly payment in the same way you do when considering other costs, such as switching utility providers or deciding on the most economical place to buy your food.
However, with each mortgage lender offering different incentives such as ‘fee free’, ‘free mortgage
valuations’, ‘free conveyancing service’, ‘cash back on completion’ and not to mention their individual lending criteria remortgaging can seem a bit like wading through mud!
Top Mortgage Solutions has instant access to 1000’s of remortgage products and our extensive knowledge of the market place puts us in a strong position to take care of the hard work for you.
Why don’t I just stay with my current lender?
Whilst this is definitely an option is it necessarily the best option?
Your existing mortgage lender can only offer you their own products and will not look elsewhere to see if savings could be made. What’s more is the majority will rely on their own automated valuation models (AVM) relying on market trends to calculate the current valuation of your property.
Allowing your current lender to utilise this system not only will they ignore any home improvements you may have made increasing the value of your property, this will also restrict your access to lower interest rates and reduce the amount that can be borrowed in case such as debt consolidation.
Should you wish to contest a lower valuation on your property your mortgage lender will normally make a make a charge for sending out an independent surveyor to assess the value.
By instructing the completely free service offered by Military Mortgage Services you can ensure you get access to not only market leading interest rates but you will receive a true valuation, maximising the borrowing potential should you be needing to release capital for reasons such as repaying unsecured debt or further home improvements.