I'll review your existing mortgage and explore the options available, including staying with your current lender or considering a new one.
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Don't wait until the last minute.
When your current mortgage deal ends, you may move onto your lender's follow-on rate unless another arrangement is in place.
That could mean a change in your monthly payments.
Starting the conversation early gives us time to review your mortgage, investigate available products and consider the most appropriate next step.
Depending on the lender and product, it may be possible to arrange a new deal several months before your existing one ends.
Staying with your lender or switching?
PRODUCT TRANSFER
Your current lender may offer another mortgage product without you having to move the mortgage elsewhere. Depending on the circumstances, this may involve a simpler process.
REMORTGAGING
Moving to another lender may provide access to different rates, terms or borrowing arrangements, although there can be additional requirements and costs.
The lowest advertised rate isn't always the lowest overall cost.
I'll help you compare the relevant options, including fees, incentives, monthly payments and the features that matter to you.
I'll look at the overall costs, not simply the headline interest rate.
Your circumstances may have changed.
A mortgage review isn't only about your existing interest rate.
You may now have a different income, employment arrangement, property value, household expenditure or borrowing requirement.
Perhaps you've become self-employed, reduced your debts, made improvements to your home or want to change your mortgage term.
Understanding what's changed can help identify which options are worth exploring.
Thinking about borrowing more?
You may want to release equity for home improvements or another purpose.
Whether additional borrowing is available will depend on your equity, affordability, lender criteria and the intended use of the money.
We'll also consider the effect on your mortgage balance, repayments and overall borrowing costs.
My mortgage review process
REVIEW
Your existing lender, rate, balance, term and product end date.
UNDERSTAND
Your current finances, plans and what you'd like to achieve.
COMPARE
Product transfer and wider remortgage options where appropriate.
PLAN
The timing, costs and next steps.
Frequently asked questions
How early should I start looking at remortgaging?
It's sensible to start before your current deal ends. Some lenders allow arrangements to be made several months in advance, although the available window varies. Reviewing early gives you more time to understand the options.
Is it better to stay with my current lender?
Not always, but switching isn't automatically better either. Your current lender may offer a competitive product transfer, while another lender may offer a more suitable overall arrangement. The comparison should consider the total costs and your circumstances.
Do I need a new valuation?
That depends on the lender and the type of mortgage arrangement. Some lenders may use an automated valuation, while others may require a physical inspection.
Can I remortgage if I've become self-employed?
Potentially. The lender will consider how you now earn and what evidence is available. Your trading history, business structure and income figures may affect which options are suitable.
Can I remortgage to consolidate debts?
Some lenders may consider additional borrowing for debt consolidation, subject to their criteria and affordability assessment. Consolidating unsecured debts into a mortgage can increase the total interest paid and puts your home at risk if repayments aren't maintained. The implications need careful consideration.
Will remortgaging affect my existing protection?
A protection review can help you check how your existing cover fits your new mortgage. Contact Joe to discuss a mortgage review.
Your protection policies may continue independently of the mortgage, depending on their terms. However, changes to your borrowing amount or mortgage term are good reasons to review whether your existing cover remains appropriate.
Your next mortgage deserves more than a last-minute rate comparison.
Let's review what you have, what has changed and what makes sense for you now.
REVIEW MY MORTGAGE →