We are one of the UK’s leading remortgage advisors and have helped hundreds of people get a better deal on their mortgage so they can improve their homes, live more comfortably or use the money for other goals.

Unlike other brokers in the UK, we specialise in remortgage deals to ensure that everyone can live comfortably within their means while also owning a property. 

Here at Best Remortgage Deals, we are specialist remortgage advisors, who have successfully assisted thousands throughout the UK remortgage their homes.

Our advisors are based nationwide and we can offer competitive prices, we can provide help and costs to you very quickly.

We offer a number of great Remortgage Deals and are more than happy in assisting you on anything you need more information on.

We understand that it can be difficult to get onto the property ladder, which is why we work to analyse the current mortgage market to find the best deals so we can offer mortgage advice based on your budget.

Our company has an excellent track record which allows us to connect with top mortgage lenders across the nation, ensuring we can find the best mortgage deals for all of our clients. 

Our team of mortgage brokers will work with you throughout the entire process, including when you are given a mortgage offer, offering expert mortgage advice to ensure things work well for you. 

In this guide, we are going to talk about our work as mortgage brokers and what makes our company the best in the UK. We will also explain what a mortgage broker does so you can see the work that goes into finding the best deal for our clients. 

We understand that it can be difficult to find the right mortgage for your needs and budget, which is why we can help.

Table of Contents

Why Use Us?

There are many reasons why you should use a mortgage broker, and we are the leading mortgage brokers in the UK.

With a mortgage broker on your side, it will be easier to find the right mortgage deal for your needs and budget because brokers have connections with lenders across the country. 

We offer fee-free mortgage advice to all of our clients. 

Mortgage Experts

We are the best mortgage broker in the UK because we have access to the top mortgage lenders available in February 2022, ensuring that we can work with clients of all needs and ensure they can meet their costs. 

We are a specialist broker who offers both mortgages to first-time lenders as well as remortgages, ensuring no matter your personal circumstances, we can help you find a new mortgage deal that works for you. 

As we work with top mortgage lenders, like Yorkshire Building Society, we have supported clients of all sizes and continue to offer mortgage advice to people across the country, working with them from the start of the mortgage application process until completion. 

We are the leading remortgage brokers in the UK and have helped hundreds of clients across the nation save money when it comes to buying their own property.

We are a fully accredited and regulated company, offering the best service possible. Our brokers are always working hard to support our clients throughout the mortgage process. 

Our mortgage brokers will work with you at every step of the way, ensuring a smooth process, and we have unbeatable customer support. You can connect with the lender’s customer service team or us whenever you need help throughout your remortgaging process. 

To see what others have thought about our services, please check out our incredible reviews and testimonials. 

Great Connections

As a highly reputable company, we have great connections with top lenders in the field, which allows us to offer competitive remortgage rates and better deals than anyone else.

With decades of experience in the industry, we have developed a good connection with top lenders and understand the process well, which is why we can offer the smoothest and swiftest service to every client. 

Whether you are a first time buyer and looking to take out a mortgage for the first time or are wanting to remortgage your home to save money, our company has experience in it all. We can help all clients, regardless of their circumstances which is why we continue to be a leader in this business. 

Our connection to lenders across the whole market makes it easier for you to find fairer finance and mortgage deals, as we can save you a lot of time, hassle, and potentially money by offering to recommend mortgages based on the information you have given us. 

As a whole market mortgage broker, we work with various lenders across the country. This means if there is a more suitable deal out there with a different lender, we will find it for you.

We are one of the nation’s leading brokers as we can analyse all the deals that are currently in the market from different lenders to find mortgages that suit your financial situation.

Range of Services

Our company offers more than one mortgage product to ensure we can offer something to everyone.

From your first time buying to seeking equity release, we offer a whole of market service which allows us to consider many mortgages for our clients and provide exclusive deals. 

If you would like to receive even more information on Best Remortgage Deals, make sure you get in touch with us today!

What Does Remortgaging Involve?

It is possible to change your mortgage lender if there are better mortgage offers out there, and this is something we can help you with.

Remortgaging your home can save you hundreds of pounds based on what you are currently paying and the lender or other recommend brokers you used previously.

Remortgaging, much like finding the right mortgage lender for your first home, can be a difficult process as there is a lot to consider.

This is why it is best to work with a mortgage adviser like our company, and we will stay with you until the mortgage completes.

In most cases, remortgaging is a great option for a lot of people because there is very likely going to be a better deal out there than the one you are currently using.

When you first worked with a mortgage adviser and mortgage broker, you likely found the best deal for your property at that time. 

However, as the years have passed, the mortgage market has changed, and there are likely to be better mortgage deals out there, whether there is direct only deals or a specialist mortgage. 

Even if there is a better deal out there, which can reduce your monthly repayments on your home, you may not have to change your mortgage lender.

We work to find the best deals across the UK market, which is something not all brokers will do. We look for low monthly mortgage payments and compare mortgage rates across companies. 

As an independent mortgage broker, we can search through every mortgage deal out there that is regulated by the financial conduct authority, highlighting the costs involved and ensuring that our clients can make the repayments comfortably, whether this is their first mortgage or a remortgage. 

Why Should I Remortgage?

There are many benefits to remortgaging your home, and it could be the best option for you.

You should speak to a mortgage adviser and do your own research to see whether this is the best option for you, but it is possible to save hundreds of pounds when remortgaging. 

We work with independent mortgage advisers who analyse the whole market to find the best mortgage lenders for our clients. This includes remortgaging, which can be very beneficial.

Remortgaging To Get a Better Interest Rate

When you get a mortgage for the first time, you are normally given an introduction deal that can lower the fees associated with this kind of loan.

Mortgages come with an interest rate which contributes to monthly repayments you have to deal with to pay for your home.

Taking out a new mortgage allows you to use these introductory offers of lower or fixed rates. These deals usually last for the first few years of your mortgage, which is how fixed-rate deals of this kind can contribute to large savings on your mortgage. 

Once this deal ends, you will see that all the costs associated with your mortgage will increase as you are put onto a standard rate.

This is why, following the first few years after you get a mortgage, it may be a good idea to speak to a mortgage adviser to see whether it will make better financial sense for you to remortgage your home. 

We are a whole market broker, which means we do not only discuss direct only deals but offer a whole mortgage illustration to ensure you are finding the best deal no matter where you are in the application process. 

Remortgaging for More Flexibility

Remortgaging can be a great option if you are looking for more flexibility, especially in terms of how you pay and when you pay.

For example, some mortgage lenders will have early repayment charges, which means you will have paid fees for meeting your repayments earlier than expected. 

If you are in a good financial place and want to overpay on your mortgage, it may be better to look for a new deal where there are no charges or fees associated with this. 

Remortgaging your home can also allow for a reduced interest rate if you have enough money in savings to pay things off.

As a leading mortgage broker, we can constitute financial advice for this and recommend an offset or current account mortgage where larger payments can be made initially to reduce the ongoing interest rate. 

Remortgaging To Consolidate Debt

If you have a lot of debt, then you may feel as though you have to take out more loans to pay things back.

This is a cycle that many of our clients have been in before seeking the advice of our mortgage brokers, and we can help to break this pattern by working to consolidate all debt into your mortgage repayments. 

This can be done as an equity release or through a remortgage, which can be a fee-free way to use mortgages for additional cash, which can then be used to consolidate other debts. 

How Much Could I Save By Remortgaging?

It is possible to save hundreds of pounds when remortgaging your home, based on the direct deals out there and your current situation.

As independent mortgage brokers, we can help you find the best mortgage deal for your needs where the amount of money you can save will vary.

Several factors can contribute to the savings made by a remortgage. Our independent mortgage brokers will work with you to see what your situation is and to help you see where savings can be made.

The best circumstances which will lead to maximum savings with a remortgage are:

• When the fixed-rate deal has come to an end
• You are on the lender’s standard variable rate
• Your property has gone up in value

In these situations, you can likely find a better mortgage deal with reduced payments and fees, which is something we can help you with. All of the mortgages we recommend are regulated by the financial conduct authority, ensuring the highest security and safety at all times. 

At Best Remortgage Deals, we can assist you with the best options available. Make sure you contact us today for a number of great pieces of advice.

How To Remortgage

Our team of independent mortgage brokers can help with your remortgaging needs. We work with our clients through every step of the process, from the beginning of the application to the end when you have obtained a great deal, making things easier for you.

Remortgaging your home can be a tricky process which is why it is best to work with independent mortgage brokers like us.

There are various steps to remortgaging your home, all of which we will work through with you to make things easier.

1) Find Out Where You Currently Are

The first step is to discover what kind of mortgage you are currently paying. In this step, a mortgage broker will look at your paperwork to see the fees and costs associated with your current mortgage, which we can then use as a starting point. 

This information is needed to compare current mortgage deals so we can see if remortgaging is the best way for you to save money.

2) Connect With Mortgage Advisers

Using this information, a mortgage adviser will be able to determine where remortgaging is the right step for you and what kind of mortgage is the better deal for you. 

As we are a whole market mortgage broker, we are not connected to one mortgage lender, which is why we can offer multiple mortgage deals.

We are whole of market mortgage brokers, ensuring we do not only have to offer direct only mortgages but instead have a whole range of mortgage products we can offer.

3) Speak To Your Current Lender

A mortgage broker will inform you whether you can stay with your current mortgage lender and get a better deal from them or whether it is worth it to take out a completely new mortgage.

A mortgage broker will speak to your current lender on your behalf to see whether they can offer you a better deal that will allow you to stay with the same lender. 

4) File An Application

A mortgage adviser will have found the best mortgage for you and will obtain the necessary paperwork required for you to get this loan.

We make things easier for you by allowing you to file applications online and use the information you have provided to complete the majority of this process in a short space of time.

We understand that time is money which is why we aim to make remortgaging as swift and simple as possible for all of our clients. 

5) Get Legal Support

Remortgaging your home through the same lender is simply a product transfer and does not require a solicitor, but getting a new mortgage does.

We can help you connect with solicitors and help with the legal aspect of obtaining a new mortgage, ensuring everything can be done under one roof, which makes the process easier for you.

Mortgage Remortgage FAQs

What Information Will I Need To Remortgage?

You will need several documents for a remortgage, including: 

• Your last three months’ bank statements
• Your last three month’s payslips
• If you are self-employed, the last three years of tax returns and accounts
• Your latest P60 form
• Passport or driving license
• Proof of address

How Long Does Remortgaging Take?

Remortgaging can take between four to eight weeks following your application, although this will vary based on individual circumstances. 

After such time, you will begin making your new mortgage payments. Repayment mortgage payments can take around 25 years to pay off. 

Speak with your new lender to learn more about the terms of your remortgage deal. 

How Much Does Remortgaging Cost?

On average, the following services cost around:

• Product Fees – £1,000 – £2,000
• Booking Fees – £100 – £200
• Valuation Fees – Free – £400
• Conveyance Fees – Free – £300
• Broker Fees – £300 – £600, or 1% of the value of the mortgage.

The cost of remortgaging will vary based on the mortgages you consider.

The main costs will come from the interest rates associated with the mortgages as well as your loan to value (based on current mortgages) and your credit history.

Remortgaging To Invest in a Buy to Let

Remortgaging can be a great way to raise the money needed for a Buy To Let as it releases equity.

The cash released from this can be used towards other mortgages, whether it covers the deposit required by mortgages or buys the property outright. 

When is the Best Time to Remortgage?

Some specific circumstances can make for the best time to remortgage your home to see the best savings.

You should consider remortgaging: 

• When interest rates are low
• At the end of your fixed term mortgage
• When you own enough equity in your house
• When a new mortgage costs less even after paying the costs

How Can I Get the Best Remortgage Deal?

We consider mortgages from all lenders across the UK and can provide the best service for those who are looking to save money with this loan.

As we are a whole market broker, we consider all forms of mortgages and consider all lenders, which is how we can offer the best deal to our clients whether they are looking to remortgage or get their first mortgage. 

Can I Remortgage With Bad Credit?

You may be able to remortgage with bad credit, but you will be unlikely to find the best mortgages this way. 

As a leading broker company, we have worked with all kinds of clients, including those with bad credit, so speak to us today to see what mortgages are available to you. 

Is Remortgaging Worth It?

Remortgaging can be an effective way to save money on your mortgage and may lead to savings of hundreds of pounds. If you are struggling to keep up with your mortgage repayments or feel as though you are paying too much, we can help you find better mortgages that will suit your needs more. 

With so many mortgages out there, it can be difficult to find the best deal for your needs which is where we come in.

We work with mortgage lenders across the country to secure the best deals for our clients and help them save money. 

Summary

Remortgaging your property can be a great way to save money every month. You are likely paying too much within your current mortgage plan, and we can help to rectify that.

Get in touch with our team today to see how much you could save by remortgaging your home. 

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