Category: Remortgage

Increase in remortgage activity.

There was a 12% rise in remortgage instructions in February according to the LMS.

The most popular main aim when remortgaging was to lower monthly payments, cited by 28% of borrowers. The survey by the conveyancing firm says 42% of borrowers increased their loan sizes in February. Popular reasons for increasing mortgage loans was home improvements and to consolidate more expensive debts to a cheaper mortgage rate.

46% of those who remortgaged took out a five-year fixed-rate product, which was the most popular product last month. 45% opted for 2 year fixed rate products. Borrowers are unconvinced about pending rate reductions despite mortgage lenders factoring this in with lower interest rates.

Get in touch with a local Mortgage Advisor for the best remortgage solutions

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Remortgage

Is your mortgage deal expiring? Avoid costly Standard Variable Rates by switching now. With Northern Ireland’s property market evolving, homeowners can secure new deals up to six months early. Compare the latest offers from top lenders to lower your monthly payments and lock in long-term stability for your home.

RemortgageChoosing a lower interest rate and deciding to remortgage could save you thousands. A local mortgage broker will research all the deals on offer. Use their experience and expertise to compare the fees and interest rates on all the remortgage deals.

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Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt that is secured on it.

Why Remortgage

A key advantage of using a local mortgage broker is that they will keep in touch with you when your existing deal is about to expire. You should never pay the lender’s higher standard mortgage rate and will always be informed about the best remortgage deals.

A Mortgage Advisor will manage your application from start to finish – saving you time and money.

The information provided on this website is for information and guidance purposes only and does not represent financial advice. Financial advice is provided by our partner advisers who are regulated by the Financial Conduct Authority.

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