At JBM Mortgage Brokers we off many services. One of them is the facility to remortgage your property. JBM can help you with any remortgage plan that you are looking for. Simply contact us today and we can run through how we can help.
What is a Remortgage?
Remortgaging is the process of changing your mortgage lender, applying to borrow more or applying to revise your mortgage plan after your current mortgage deal has reached the end of any redemption penalties.
People usually remortgage to get a more competitive mortgage or to switch mortgage plan types, for example- variable rate to fixed rate because you think interest rates are set to rise (or vice versa). Maybe another reason is to borrow more money for home improvements or to buy another property
Can you Save Money?
When a mortgage scheme comes to the end of its ‘initial period’, the interest rate usually rises. Moving your mortgage to another lender could enable you to get a lower interest rate which will normally save money. There are still some good mortgage rates out there; especially for people with a good amount of equity in their property and a low loan-to-value requirement. To find out if you’re paying more than you need to, why not get in touch today with JBM Mortgage Brokers.