Case Study: Remortgage to Buy a Property Abroad

Summary We recently helped a professional couple in Virginia Water remortgage their UK home to raise funds for the purchase of a holiday property in the Algarve, Portugal. Rather than arranging finance overseas, they wanted to release equity from their £800,000 home so they could have the funds available to buy the property abroad before… Read more
Is Remortgaging a Good Idea? Pros, Cons & Costs

Is Remortgaging a Good Idea? Remortgaging can be a good idea if moving your mortgage to a new lender gives you a better overall outcome, but switching is not automatically worthwhile just because another lender offers a lower interest rate. You need to consider the new mortgage rate alongside product fees, legal and valuation costs,… Read more
What If Your Fixed-Rate Mortgage Deal Ends

What Happens When Your Fixed-Rate Mortgage Deal Ends? When your fixed-rate mortgage deal ends, your mortgage does not end. Instead, the fixed interest rate expires and, unless you arrange another deal, your mortgage will normally move onto your lender’s reversion rate, often called its Standard Variable Rate (SVR). Your monthly payments could change, so it… Read more
Case Study: House Move and Remortgage in Farnborough

Introduction We helped our customers move to a new home in Farnborough, Hampshire, while keeping their existing fixed-rate mortgage with NatWest and arranging additional borrowing for the purchase. The customers already had a mortgage on a favourable fixed interest rate. However, moving home before the end of their existing deal would have resulted in an… 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
Case Study: Residential Remortgage with Capital Raising

Introduction We helped our customer in Farnborough, Hampshire, remortgage their home to raise additional funds for home improvements while retaining flexibility over their mortgage interest rate. Our customer wanted to borrow an additional £20,000 but was reluctant to commit to a fixed-rate mortgage. They preferred a tracker product that could benefit from future reductions in… 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
Should I Get My House Valued Before Remortgaging

Remortgaging Soon? Why a Property Valuation Could Save You Money If you are planning to remortgage, it can be useful to have a realistic idea of what your property is worth before you apply. Your property’s value helps determine your loan-to-value (LTV), which can affect the mortgage products and interest rates available to you. You… Read more
Remortgage After A Bridging Loan

Bridging Loan to Mortgage: A Guide to Remortgaging The transition from a bridging loan to a traditional mortgage can be a complex but necessary step. Bridging loans, while essential for securing quick funds, often come with high interest rates and short repayment periods. Remortgaging can provide a more stable and affordable long-term solution. At Kerr… Read more

Tag: Remortgage