Remortgage Advice in Bristol | Free Remortgage Review

Remortgage Advice in Bristol

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Finding you the Most Suitable Remortgage Deal!

Towards the end of your initial fixed mortgage period, you should look into your options to Remortgage in Bristol otherwise you’ll end up on your lender standards variable rate.

 

Having worked in the industry for over 20 years helping homeowners with their Remortgage in Bristol, we have many customers find suitable and competitive Remortgage deals to match their financial and current circumstances.

 

Remortgage Advisors in Bristol

Here at Bristolmoneyman, our committed team of Remortgage Advisors in Bristol can search through 1000s of remortgage deals for you. If they find a more suitable remortgage deal to match your circumstances and you are happy to proceed with the chosen deal, we can make a start with the process of your mortgage and get your remortgage application submitted to the lender.

 

We aim to find you the most suitable remortgage deal and will always be open and honest to recommend the best path for you to take as a homeowner. If you would be better off with your current lender and simply doing a product transfer, our Mortgage Advisors in Bristol will inform you of such. We believe in full transparency with all new or existing customers who get in touch.

 

We highly recommend that you take advantage of our free remortgage review, which we offer to all new and existing customers. Getting a free mortgage review may allow you to access much better mortgage rates, saving you time and money in the long run.

 

Book your free remortgage review with a reputable Mortgage Broker in Bristol today and let’s get started on your remortgage in Bristol.

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Popular Reasons to Remortgage in Bristol

Remortgage to Find a Better Deal

Towards the end of your mortgage in Bristol, you’ll need to start looking at your options. Most homeowners will look to take out a remortgage in Bristol, if you don’t make a decision, you will automatically be placed onto your lenders Standard Variable Rate.

 

We tend to find, the interest rate for an SVR is sometimes a lot more than you current initial fixed period, meaning you will be paying higher monthly repayments. This is why those looking to remortgage in Bristol will look into seeking expert Mortgage Advice in Bristol.

Remortgage in Bristol to Fund Home Improvements

Having worked in the mortgage industry for over 20 years, we have provided our full support to all new and existing customers. This is especially the case when they are remortgaging to release equity from their homes to fund any home improvements.

 

This is a popular option for homeowners who are looking to make a change to their home but don’t want to move. We tend to find those home improvements usually consist on a home extension, a new kitchen, or a loft conversion.

 

We would recommend getting in touch if you want to know which pathway is best to take, we have a good selection of mortgage lenders who may be able to help, though they will want to see any quotations for the potential costs.

Remortgage to Consolidate Debts

Some homeowners may look to put any unsecured debts into your mortgage. This is because doing so will allow you to merge all your outgoings into a much more manageable monthly payment. Better still, that payment will remain the same all throughout.

 

It is very important to remember though that this will extend your debt across the entire course of your mortgage term. By the time it has paid off, you will have paid a lot more overall. In general, consolidating debts is a risky process and is something to heavily consider, rather than jumping in unprepared.

 

Bearing this in mind, we recommended that you get in touch with a Mortgage Broker in Bristol before you look to secure any debt against your home.

 


 

You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.

 

Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.

 


 

Remortgage in Bristol to Remove a Name

If you currently co-own a home with a partner or friend and you are looking to take their name off the mortgage, this may be possible to do this by taking out a remortgage in Bristol.

 

Even if you choose to remain with your current lender, you will have to go through a similar process to the first time you took out a mortgage. This is because a lender needs to have complete confidence in your ability to pay back your mortgage, without backup from someone else.

 

For more information on the scenarios above or to better understand your Remortgage in Bristol, feel free to book yourself in for a free remortgage review with one of our expert Mortgage Advisors in Bristol today and we’ll do our best to answer all of your remortgage questions.

Why choose us for your Remortgage in Bristol?

Our hardworking Mortgage Advisors in Bristol will offer every customer who gets in touch their very own free remortgage review for their remortgage in Bristol.

 

We’re here for you all throughout the week, from early in the day until late at night, with appointments that are bookable at a time that suits your busy schedule, subject to availability.

 

Here at Bristolmoneyman, we are very proud that we are able to provide our customers with a open and honest Mortgage Advice in Bristol.

 

To find out more about our mortgage advice service and how satisfied we are with our customers at the end of their process, please take a look at our company reviews. There are plenty of reviews from homeowners just like you, who were thrilled with the service we could provide.

 

Book your free remortgage review today and we’ll get your remortgage in Bristol started, hopefully quicker and more streamlined than your initial mortgage already was. We’re here to provide you with a top-tier customer experience, all throughout your process.

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Common mortgage
questions

It’s typically three payslips for an employee to prove their income and the latest 2 years’ accounts for a Self Employed applicant. You will also need to provide the lender with proof of ID, address, and 3 months’ bank statements.

Even if you have had credit problems, you may still be able to get a mortgage, though you may be required to put down a higher deposit than you otherwise would’ve, often 15% of the property purchase price.

You may find that it is possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. If you are looking to take out a mortgage on a second property, either to use it for yourself, a family member, a holiday home, or a Buy to Let, this may also be possible.

As a trusted and hard-working mortgage broker in Bristol, we will carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for your situation. A credit check will be required for an Agreement in Principle. Once you have given the lender all the relevant documentation and a valuation of the property has been completed, a formal mortgage offer can be issued.

The fees involved with a remortgage will be similar to those when you started your existing mortgage. Your dedicated Mortgage Advisor in Bristol will run through all of these costs with you in your consultation. They will consider these costs when comparing the savings of the new deal vs your current mortgage.

Your initial free remortgage consultation with a mortgage advisor in Bristol will last roughly about 1 hour. They will then be able to compare a new deal against your current product and recommend the most appropriate one for your circumstances, with no obligation to you. From there, it’s up to you to decide whether you wish to go ahead with the mortgage or take a step back for the time being.

You may have the option to remortgage and increase the size of your mortgage to pay off any unsecured debts you may have accrued over time. This is not something to rush into though, as there can be some negatives to it. With our experience in the industry, we highly recommend that customers always seek Mortgage Advice in Bristol before consolidating any of their debts!

If you are on your lenders SVR (Standard Variable Rate of Interest), you increase your chances of saving money. Your assigned advisor will compare the new products available against your existing mortgage deal, in order to work out these savings for you. If you have existing equity in your property, a remortgage would also grant you access to release some of this money if it was needed for anything. Usually we see customers use this for things like home improvements.

We make it so easy!
Our 4 step process

Step 1

An initial telephone call where we take some details and look at your Remortgage plan.

Step 2

A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!

Step 3

We will search and compare 1000s of products to find you the most appropriate deal.

Step 4

Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

Bristolmoneyman.com & Bristolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Bristolmoneyman

Bristolmoneyman, St. Brandon's House, 29 Great George St, Bristol, BS1 5QT.

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