Nurturing your Mortgage
What may have been the best deal at the point of purchase may not necessarily remain the best solution for the full term of your mortgage.
There are many reasons a homeowner may look to remortgage their home. At Henry Dannell, we can support you in reviewing your current mortgage rate by assessing the market and your requirements, to establish if there is a better solution for you.
Disclaimer
Please note: a mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender if you remortgage. We also advise to think carefully before securing other debts against your home.
Why consider a remortgage?
A homeowner may be looking to remortgage for the following reasons:
- A more suitable deal – for example, a lower rate of interest
- To reduce monthly repayments
- To decrease the mortgage term
- To release equity for home improvements or to pay off other debts
Is there a difference between Remortgaging and Product Switching?
Whilst remortgaging your property involves taking out a new mortgage product with another lender, this is taken out during the existing mortgage term.
A product switch occurs when you come to the end of your current mortgage deal and need to take out a new deal with the same lender.
At Henry Dannell, we can support you in finding the right solution, whether you have come to the end of your current mortgage term or are looking at your options for a remortgage.
When can I remortgage my property?
This will depend on what you are looking to achieve by remortgaging. If your financial circumstances haven’t changed and you aren’t looking to borrow additional money, you may be eligible for a remortgage. In the instance you are looking to release equity or borrow a larger amount, you will need to demonstrate affordability to the lender.
Disclaimer
Please note: a mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender if you remortgage. We also advise to think carefully before securing other debts against your home.
What our clients say…
What our clients say…
‘….knowledgeable and professional, always eager to please their clients’ needs and help understand the process from start to finish.'Barrister
Large Portfolio Remortgage
Using our knowledge of the portfolio market, we were able to source a product/lending solution that was fitting to our client's requirements, whilst also obtaining a highly competitive high street rate that was secured prior to the end of their existing mortgage.
Investment Banker – Renovation Purchase
The lender was able to offer 100% of the funds required to complete the works.
Private Equity Director – Residential Remortgage
We were able to save our client circa £1,675 per month on his mortgage. When spread across a 10-year fixed term, this was a considerable saving for our client of over £200,000.
Limited Company with Foreign Income – Second Home Purchase
In sourcing a lender that understood our client's income, we were able to arrange a solution that offered the client competitive terms on both of his properties.
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Bespoke Solutions for Private Clients
Residential Mortgages
Buying a new home is part of a bigger lifestyle choice, we will take the time to understand your requirements and vision to find the best solution for your desired outcome.
Buy-to-Let Mortgages
Whether you’re looking for your first investment or you already have an existing portfolio, we will provide you with the support you need to find the best solution the market has to offer.
Commercial Mortgages
We understand the complexity of commercial lending, whether you’re looking to finance a personal investment or a business opportunity, we will help find the right lender for you.