Let’s start by explaining what re-mortgaging and re-mortgaging products are. Firstly, it doesn’t involve moving home. Secondly, you re-mortgage for two possible reasons. That’s either to secure a new mortgage deal and or re-mortgage products on a property you already own. Or it’s to borrow money against your property – often for home improvements. Why… Read more »
Whether you’re a lion or a mouse when it comes to investing, hopefully you can spot a good opportunity when it happens. UK interest rates are still at 0.25%. This is their lowest level since the Bank of England was established in 1694. On the back of this, available rates for remortgaging your home have… Read more »
Was your January resolution was to take a better grip of your finances? Then remortgaging might be the solution you need for better control of your outgoings. Interest rates (for the moment) may be historically low. But are you among the two million homeowners in the UK currently on a standard variable rate? Or… Read more »
With mortgage rates so low right now, does remortgaging for debt consolidation make sense? It’s a question more of us are asking today. Over 6 million Britons don’t believe they will ever be debt free, according to new research. It found the average person in the UK owes £8,000. That’s on top of any… Read more »
Are you one of the estimated 4 million households in the UK languishing on a Standard Variable Rate (SVR)? Then you’re in the perfect place to remortgage and effectively get a Christmas bonus. More than a third (36%) of homeowners are currently stuck on their lender’s usually more costly SVR. Most are because they haven’t… Read more »
The latest finance figures show that over 36,000 people have just remortgaged their home in a single month. It’s the highest number of people to do this in eight years. The record figures are due to three factors: An unprecedented long period of low interest rates: The Bank of England has opted this August to… Read more »
So it’s now official. Bank of England Governor Mark Carney has spoken. Interest rates will increase “in the relatively near term”. While this is good news for savers, for those with mortgages that are not fixed, it’s not such good news. Especially if you consider that just 10 years ago, interest rates were 5.75%. Strong… Read more »
Actually, for many people, it’s an easy answer. If you’re considering remortgaging and you have a low loan to value then you’re in a strong position to get a good fixed rate. Your LTV is what you owe on your mortgage compared to value of your home), If your fixed mortgage deal is almost at an end, then… Read more »
Are you considering remortgaging your home to release equity to get more space? Or fund an extension or home improvements? Then you’re not alone. More and more of us are cashing in the value we’ve built up on our properties. Remortgaging is allowing more people to turn their existing homes into their dream homes. It’s… Read more »
