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Mortgages

Remortgages

In recent years, many borrowers have taken advantage of highly competitive discounted or short-term fixed rates. While these rates have served them well for two or three years, many will be coming to an end in the months ahead and will need to decide the best course of action going forward.

In today's competitive market, many borrowers choose to switch their mortgage every few years in order to take advantage of new rates on offer. Those that remain on the same deal for the full term of their loan could lose out on a range of potential benefits, not least the opportunity to reduce the total amount paid back, which could be a significant margin in some cases.

In simple terms, remortgaging involves switching your current mortgage to a new deal, arranged either with your existing lender or with a new lender. As a current homeowner you may want to consider taking this step for a number of reasons, such as:

-To save money

-To raise money

-To avoid moving home

-To consolidate your debts

-To make home improvements

Remortgaging is much simpler than buying a new home because the deeds of the property are already registered in your name. However there is still work in switching lender if this is the route you choose, and often this can work out more cost effective.

For borrowers with tracker mortgages, if interest rates looked set to rise in the short to medium term then they could potentially avoid the inevitable increase in their monthly repayments by tying into a new fixed rate deal.

largemortgageloans.com can help you find the best deal for your remortgage whether it be with your existing or a new lender, and liaise with third parties on your behalf to help the process of switching run as smoothly as possible. 

Our highly experienced Mortgage Managers aim to make arranging your mortgage simple, however complex your needs. We will take the time to review your circumstances fully and take a holistic approach, to help arrange a mortgage most suited to your needs, at the best rate. Call us on 020 7519 4985 or send us an email to speak to one of our specialist Mortgage Managers, and find out what your best options are.

Think carefully before securing other debts against your home.

  • This Month's Top Fixed Rate

    Fixed rate
    Initial rate: 1.03%

    Period: 2 Year

    Rate will revert to the lender's standard variable rate currently 3.74%
    The overall cost for comparison is 3.34% APR

    1.03%

    More info
  • This Month's Top Variable Rate

    Variable rate
    Initial rate: 1.39%

    Period: Flexx for Term

    N/A
    The overall cost for comparison is 1.43%

    1.39%

    More info

    Get This Rate


Some of this month's top interest rates are listed above; the actual rate will depend on your circumstances. Please note that this information does not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration on 020 7519 4900. The rate displayed may become out of date at short notice.

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London Office

Tel: 020 7519 4900
Fax: 020 7519 4910
Email: info@largemortgageloans.com

Guernsey Office

Tel: 01481 234527
Fax: 020 7519 4910
Email: info@largemortgageloans.com

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Changes in the exchange rate may increase the sterling equivalent of your debt

Largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, 12 Pepper Street, London, E14 9RP which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 302228 which can be viewed here: www.fca.org.uk/register/. The Financial Conduct Authority does not regulate some aspects of buy to let mortgages, overseas mortgages and tax advice. Help and advice in regards to mortgages is available at www.moneyadviceservice.org.uk

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.

A typical fee of 1.17% of the mortgage amount is payable. Of this, 20% is payable on application and the balance of 80% on completion. For example on a mortgage application of £300,000 the fee would be £3,510 in total. Of this, £702 (20%) would be payable on application and the balance of £2,808 (80%) on completion. The total fee is non refundable. We may also be paid commission from the lender. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Calls may be recorded for training and monitoring.
You may have to pay an early repayment charge to your existing lender if you remortgage.

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