Getting the best remortgage offer for your equity level.
Choosing the right remortgage deal is crucial to saving as much money as you can on your home.
With a mortgage likely to be your biggest outgoing it’s vital not to make a mistake when choosing your deal.
Review your finances.
The first thing you will need to do is review your finances to see exactly what you can afford to borrow.
The amount a lender will agree to advance will depend on your financial circumstances and credit rating.
Deciding which type of mortgage best suits your needs.
There are various types of mortgage products. Working out whether a fixed rate or tracker mortgage would be best, or whether a current account mortgage or offset would be more appropriate is best done with impartial advice from an independent broker.
Choosing your mortgage term.
The mortgage term is how long your deal will run for. The longer the term the more you will repay. A shorter term deal may cost you less in the long run, however monthly repayments may be slightly higher.
Seek advice on this point as you should balance paying off your mortgage as quickly as possible, with monthly repayments that are easier to manage.
Contact Deal Direct for a 'whole of market' remortgage search.
Our impartial advisers can compare all lenders remortgage offers to find the best deal most suited to your needs.
We help you through every stage - finding, applying and being approved for the best mortgage on offer is easier with our help.
Call 0800 048 8828 for advice and a quote.
