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Remortgaging is the process of replacing your current mortgage with another from a different lender without moving property.
Remortgaging could give you the flexibility to change your mortgage as your lifestyle changes.
In a turbulent mortgage market it makes sense to get expert advice - mistakes can prove very expensive in the long term.
To demonstrate the effect on your monthly mortgage repayments of moving to a different mortgage rate, use the calculator to work out approximately how much you could potentially save on your monthly payments by remortgaging.
Use the online tool to give you an indication of your homes current market value. Once you start the remortgaging process your lender will then do their own valuation which could be desk based or a physical valuation.
Customers who have selected their mortgage with Embrace Financial Services are enrolled free of charge into the Remortgage Club. The Remortgage Club is designed to remind you when your current mortgage deal is about to come to an end, to prompt you to review your arrangements and to advise you on the most suitable course of action in relation to your existing mortgage.
We will charge a fee between £499 and £999 that is payable on application of a mortgage. The amount we will charge is dependent on the amount of research and administration that is required. We reserve the right to charge a subsequent fee of £149 for each further application that may be required. We will also be paid commission by the lender.
As a Remortgage Club member a discount of 50% will be applied to the standard fee charges, e.g. if you would have paid £500 you will pay £250. It's one of the main benefits of being a member of our Remortgage Club.
Deciding whether it would be beneficial to you to remortgage is all about the timing and your personal circumstances. You will need to consider whether the benefits of switching mortgage deals to a new lender will outweigh the cost. To demonstrate the effect on your monthly mortgage repayments of moving to a different mortgage rate use the Remortgage Calculator.
Our partners Embrace Financial Services know the ins and outs of the mortgage market and can explain everything in a way that is both comprehensive and straightforward - contact them today to book an appointment on 0800 056 4508^ or book an appointment online.
^ Calls may be recorded and/or monitored for training and/or data protection purposes.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Your initial mortgage appointment is without obligation. Embrace Financial Services normally charge a fee for their services; however, it is payable only on the submission of your mortgage application. The fee will depend on your circumstances but the standard fee is £549. Complex cases usually attract a higher fee. Embrace Financial Services will discuss and agree the fee with you prior to submitting any mortgage application.
