Mortgage With No Early Repayment Charges

Understanding Mortgages Without Early Repayment Charges As a homeowner or prospective buyer, navigating the world of mortgages can be complex. One aspect that often causes concern is the early repayment charge (ERC). If you’re considering paying off your mortgage early, it’s crucial to understand how ERCs work and the options available to avoid them. At… Read more
Day 1 Remortgages Explained

Day 1 Remortgage: Quick Capital Access After Purchase Purchasing a property, whether for investment or as your dream home, can come with plenty of financial considerations. Sometimes, you may find yourself needing to remortgage immediately after buying. This process, known as a Day 1 remortgage, can be a strategic financial move but comes with its… Read more
How Soon Can You Remortgage?

What you need to know about Remortgaging Remortgaging can be a strategic financial move, whether you’re looking to secure a better interest rate, release equity, or consolidate debt. But how soon can you remortgage? This blog will guide you through the remortgaging process, key considerations, and tips for timing it right. With Kerr & Watson,… Read more
How to Change from Interest-Only to a Repayment Mortgage

Switching from Interest-Only to Repayment Mortgage If you currently have an interest-only mortgage, you might be considering switching to a repayment mortgage. The prospect of fully repaying your mortgage by the end of its term can provide significant peace of mind. However, transitioning from an interest-only to a repayment mortgage involves careful consideration. Here we… Read more
Can I Remortgage My House to Buy Another Property?

Can I Use a Remortgage to Purchase Another Property? Yes, it may be possible to remortgage your house to buy another property, provided you have enough equity, the borrowing is affordable and the lender is comfortable with the purpose of the funds. This can be used to raise a deposit for a second home, buy-to-let… Read more
Does Having Children Affect a Mortgage

Can having children affect how much you can borrow for a mortgage? Yes — lenders include childcare costs, dependants, and household spending within affordability assessments, which can reduce borrowing potential in some cases. Buying a home with children can feel more complicated, especially when lenders take childcare costs, dependants, and household spending into account. The… Read more
Remortgaging for Debt Consolidation

Remortgaging for Debt Consolidation: Pros, Cons, and Expert Guidance Debt can be overwhelming, especially when juggling multiple repayments with varying interest rates. Remortgaging for debt consolidation may offer a potential solution by combining your debts into a single monthly payment, often at a lower interest rate. However, while this can simplify your financial management, it’s… Read more
Getting a Mortgage with a New Job

Can you get a mortgage with a new job In many situations, you can. Some lenders accept applicants who have only recently started or who are about to start, provided there is clear evidence of income and the overall case makes sense. Some lenders prefer a few months of payslips while others are comfortable with… Read more
Can I Extend My Mortgage Term When Remortgaging

Extending Your Mortgage Term When Remortgaging: Pros, Cons & What Lenders Look For If you’re looking at your monthly outgoings and wondering how to ease the pressure, you might be asking yourself: Can I extend my mortgage term when remortgaging? The good news is yes, it’s often possible subject to lender criteria, and it could… Read more
Home Improvement Mortgage

Home Improvement Mortgage: Finance Your Renovations If you’ve been dreaming of upgrading your home but are unsure how to finance the project, a home improvement mortgage could be the solution. Whether you’re looking to expand your living space, modernise your kitchen, or create an energy-efficient home, financing these improvements through a mortgage can make your… Read more
Case Study: Residential Remortgage with Capital Raising

Summary We recently helped a homeowner in Farnborough remortgage their property to raise additional funds for home improvements. The property was valued at £420,000 and the customer required a total mortgage of £355,000. They wanted a flexible product that could benefit from potential reductions in interest rates, while also avoiding early repayment charges so they… Read more
How Long Does a Remortgage Take?

How Long Does It Take to Complete a Remortgage? Remortgaging your home can be an effective way to secure a better mortgage deal, release equity, or consolidate debt. However, understanding the remortgage timeline is crucial, especially if your current deal is coming to an end. Here we’ll explore how long a remortgage typically takes, what… Read more

Category: Remortgages