remortgages

remortgage advice

MMPE are Remortgage & Product Transfer Specialists, and we believe that getting the right remortgage / product transfer advice throughout your mortgage lifetime is “invaluable”.

Remortgage options should be reviewed when you have a mortgage scheme ending. By reviewing your options, you may potentially gain a better interest rate, or the facility to borrow additional funds for home improvements or to capital raise.

More recently, lenders have offered existing borrowers product transfers as an incentive to stay with them. It is important to review your options versus the open market as you will very often gain better terms and lower interest rates. MMPE assist our clients review both options so you can make informed decisions.

A remortgage is a new loan that is taken out on a property that you already own to replace your existing mortgages. There are many reasons you may choose to do this including;

• You want a better interest rate and lower monthly mortgage payments
• Your current mortgage deal is about to end
• Borrowing additional amounts for home improvements
• Consolidation of existing debts to lower your monthly outgoings
• You are concerned about interest rates potentially increasing
• You want a more flexible mortgage
• You want to switch from interest only to repayment