“Rises in the cost of living can erode the money you have for the fun stuff or worse, essentials. It’s a shame when people ignore their mortgage and miss the chance to improve on their quality of life.
Having access to an unlimited range of mortgages and some exclusive deals potentially means I can offer real savings on monthly mortgage payments. I keep in touch with my customers to make sure they don’t miss out.”
If you already have a mortgage but the introductory rate has expired, you could be paying more than you need too. By re-mortgaging to a new lender each time your mortgage package is due for renewal, you could potentially save thousands over the term of your mortgage. Most lenders will offer you a new rate to stay with them. These are not always the same competitive rates new customers are offered, so it's always worth doing some research before committing.
Let us find the right re-mortgage product for you
Unless you're comfortable the possibility of paying more for your mortgage going forward, don't allow your mortgage to fall on to a standard rate offered by your current lender. There are so many options available to you. But, most importantly, remortgaging doesn't have to be time consuming. Peppermint has access to the entire marketplace of mortgage products, so we can do the searching for you.
If you're already an existing customer, we will diarise when your mortgage is due to expire, the aim is to see if we can save you money and switch products and/or lender before as the rate expires. This is so that you don't revert to the lenders' standard variable rate which is often more expensive. I also do the same for your buildings and contents insurance if required.
When to re-mortgage
If you're looking to re-mortgage as a means to release equity from the property for the purposes of improving the property, for example, you'd be wise to consider your timing. You may have to pay an early repayment charge to your existing lender if you re-mortgage. This is more likely if you change product or lender part way through a mortgage product's lifetime. This process would also incur a surveyors fee as the lender would require a revaluation of the property.