Remortgage Advice in York

Let us Compare Remortgage Rates and Deals in York

Prior to your fixed term mortgage ending, you might want to look into remortgage. You could consider this if you are wanting to secure a better deal or release some equity from your property. There are many options available which our mortgage advisors in York can look through with you.

If you approached Yorkmoneyman previously to obtain your mortgage, you will then receive a reminder roughly 6 months before your fixed term ends. We want to make sure you have enough time to prepare in advance and explore your options.

As soon as your fixed terms ends, you will be put on the lender’s standard variable rate (SVR) of interest which is the time you will usually see your mortgage payments increase.

Helping You to Remortgage in York

An option many people look at around the time of remortgage is to raise capital. This is also known as releasing equity.

Raising capital can be an option people choose as it can help towards funding for large purchases like home improvements or consolidate debts. Before securing any debts against your home, we always advise seeking professional mortgage advice in York.

Free Remortgage Review in York

Here at Yorkmoneyman, we always provide open and honest mortgage advice in York. Therefore, if we find we can’t get you a better deal and the best option is to stay with your current lender, this is what we will advise.

In order to find you the best deal that fits with your circumstance, we search through 1000’s of remortgage products. On panel, we have access to both high street and specialist mortgage products, meaning that we can pick out the perfect option for you.

Arrange your free remortgage review with a mortgage advisor in York today!

Speak to an Advisor - It's Free!

Remortgaging FAQs in York

How does the free remortgage review in York work?

Typically speaking, your initial free remortgage consultation in York will last around 60 minutes. We will then compare a new deal vs your current product and recommend the most appropriate one, which you are not obligated to accept. You can then decide whether you want to proceed with the deal, or step back; it’s completely up to you!

Can I consolidate my debts in York?

Depending on your credit history and your current financial situation, you may be able to remortgage to consolidate your debts in York. Doing this will increase your mortgage size but will incorporate our debts into your mortgage.

There both ups and downsides to this though, so as a mortgage broker in York, we recommend not to rush into it.

Why should I bother to remortgage in York?

When you finish your fixed mortgage term, you will move straight onto your lender’s standard variable rate of interest (SVR). Your lender’s SVR is likely to be of a higher rate of interest than your current mortgage deal, so you will want to remortgage in York to avoid these extra monthly costs.

The key to remortgaging is to shop around for deals. As a remortgage broker in York, we can help you with this and try to find you a perfect deal that is not only more competitive than your last product but is more suited to your personal and financial situation!

Our Customers Love Us

4.96 Rating205 Reviews

Katy

Matt and the team have been great. Quick turnaround from AIP to formal offer. Good advice and explained well in the initial stages. Overall very easy and simple process.

6 days ago

Nathan

Matt Collinson and his support team are brilliant, second time of using them and both times have been very smooth and simple! They have enabled to to exceed all my expectations the houses I would be able to purchase!

6 days ago

Reece

Very helpful, very efficient. Good service from a good team.

3 weeks ago

Anonymous

Made the remortgaging process very simple and completely painless! Highly recommend.

1 month ago

Anonymous

My industry generally uses fixed-term contracts and this complicated my situation when looking for my first mortgage. With my broker's help I was able to secure a mortgage and recently completed the purchase of a property. Thanks.

1 month ago

Grayson

smooth process throughtout. great communucation.would highly recommend to anyone looking for a mortgage broker.

1 month ago

Kieran

Helped me through my morgage process with no issues and was always just a phone call away to help me with any questions very great service throughout would highly recommend.

1 month ago

Mr.

Excellent advice given since I first started using their services. Honest and clear.

1 month ago

Chris

Fantastic service, Charlie and the UK Moneyman team went above and beyond to understand our financial situation and help us to get on the property ladder. Everything was patiently and clearly explained to us and we were kept up to date with the...

2 months ago

Anonymous

Excellent and personalised service

3 months ago

Alison

Have been very impressed. Certainly smoothed the whole process. Got a good deal on an atypical mortgage. Got an agreement in principle very quickly.

3 months ago

Simon

Excellent service

4 months ago

Anonymous

Excellent service. Would highly recommend.

4 months ago

Jason

Very good service always there to help you

6 months ago

Jason

Very good service always there to help .

6 months ago

Jeff

Chris and the team have been fantastic throughout our application, very friendly and always available to contact no matter how big or small the issues were and fantastic guidance for us first time buyers! We would highly recommend using their...

6 months ago

Anonymous

Great service, always helpful

8 months ago

Nathan

Friendly and relatable staff. Kept us in the loop and well informed throughout the process and made it all very hassle free for us.

9 months ago

Anonymous

Everything was well explained.

9 months ago

Anonymous

Very friendly team

9 months ago

Our Simple Remortgage Process

Free 30-Minute Remortgage Review

During your free remortgage review, your mortgage advisor in York will take a look at your current product and your financial situation. This will allow them to get a picture of potential products you may be able to access.

We Can Search 1000s of Remortgage Deals

We will then search and compare 1000s of products to find you the most appropriate deal. We want to make sure that you are on the best mortgage rate available to you at all times.

Submit Your Remortgage Application

We’ll ensure everything goes smoothly with the lender. You’ll have our support from our initial point of contact right through to when your remortgage process has completed.

Protecting You and Your Mortgage

We will also contact you when your next remortgage in York is due for renewal, ensuring you are on the most suitable deal.

Reasons to Choose us

1000s of Remortgatge Deals

Whether you are looking to remortgage to release equity or find yourself a better deal, one of our knowledgeable mortgage advisors in York will explore your options to find you the most appropriate deal. To provide you the most fitting deal for your circumstances, we search through 1000’s of remortgage products.

Our Service

Our goal at Yorkmoneyman is to provide a helping hand to customers wanting to achieve remortgage goals. Our team offer open and honest mortgage advice in York so please get in touch and feel free to look at your genuine customer reviews.

7 Days a Week

All new/existing customers are offered a free remortgage consultation in York. We understand everyone’s day-to-day life varies, which is why we are available 7 days a week till late to provide you with availability that suits your schedule.

Malcolm and Amy Davidson - Mortgage Advice in York

We Search 1000s of Remortgage Deals in York

Common Remortgage Scenarios

When is the Best Time to Remortgage in York?

Generally, you may look at the option of remortgaging when your mortgages’ current fixed period is due to end. If not, you will be automatically switched onto your lenders’ standard variable rate of interest (SVR).

If you are on the SVR, then your monthly mortgage payments usually increase because the interest rate is normally higher. This is why it’s generally the time you look at remortgage advice in York.

We recommend that you prepare in advance by looking at your options and getting your new mortgage deal completed. Usually, the ideal time to start researching for a new deal is 3-6 months before your fixed rate ending.

What Are my Other Remortgage Options?

Through our experience as a mortgage broker in York, we find many customers look to release equity to fund home improvements. This could be for a home extension, a new kitchen or a conversion to add more loft space.

In the situation where you are looking to release equity in order to fund any new home improvements like an extension, some lenders may request you to provide them with quotations for the work.

Choosing to consolidate unsecured debts into your mortgage might decrease your outgoings into one affordable monthly payment.

The one disadvantage to this is that you will end up paying more further down the line because you will be stretching this debt over your mortgage term. When looking at debt consolidation, there are a lot of factors to consider.

Because of this, speaking to a mortgage broker in York before securing any debt against your home is highly recommended.

Remortgage or Product Transfer in York?

A remortgage involves changing your mortgage with a different lender, while a product transfer involves switching to a new mortgage product with your current lender.

Which one is best for you depends on your current personal and financial situation. In some cases, one option may help you save money whereas the other may leave you no better off.

This is where it is best to speak with a mortgage advisor in York and review your mortgage options before taking out a new product. There could be ways to save money!