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Remortgage Advice in Lincoln

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Let us Find you the Perfect Remortgage!

Near the end of your mortgage term, you’ll need to start looking at Remortgaging. A Remortgage is where your Mortgage Advisor in Lincoln looks at your current deal and helps you switch to one with more favourable interest rates.

 

If you’ve gotten in touch with a Mortgage Broker in Lincoln like us, generally speaking, you’ll be sent a reminder around 6 months before your term is due to finish, in order to get the ball rolling.

 

Remortgage rates usually track the base rate of the Bank of England. As this is written, UK interest rates have been at a record low since March 2009. This means that those currently on higher rates may be able to switch to a significantly lower rate, saving money on their monthly repayments.

Experienced Mortgage Advisors in Lincoln

There are many reasons why you may be looking to remortgage, from securing a new fixed rate to releasing equity. It is our job to search and compare 1000’s of remortgage deals to find you the best product for your individual circumstances.

 

Whether you are just looking for quotations to consider your options or are having problems with an current remortgage application, our friendly team of mortgage advisors are ready to answer all of your questions.

 

Do you have a complex situation and have been unsuccessful in obtaining a remortgage from your current lender / bank? We may be able to help. We work with a large panel of lenders with a range of mortgage products, all with individual lending criteria. Contact one of our friendly mortgage advisors to discuss your remortgage situation, we are always open and honest.

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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As an Experienced Mortgage Broker in Lincoln

Whether it’s to release equity, to get better rates, find a more appropriate deal or more, we’ll always do our best to ensure the process is quicker and smoother than the first time.

 

  • Your fixed rate has come to an end and you would like to look at a new fixed rate mortgage.
  • You would like to release equity for home improvements.
  • You would like to look at consolidating unsecured debts.
  • You need to add or remove a name from the mortgage
  • You want a more flexible mortgage, i.e where you can make overpayments.
  • You would like to switch from your interest only mortgage to a full repayment.

 

Contact us today to book your free remortgage consultation in Lincoln & see how we can help you.

Why choose Lincolnmoneyman for my remortgage?

  • Free no obligation remortgage consultation for all customers.
  • We have a very experienced friendly team.
  • Our expert mortgage advisors are here 8am – 10pm to answer all of your remortgage needs. Getting through to a mortgage advisor will never be a problem.
  • We can search 1000’s of remortgages to find you the best deal for your circumstances.

 

We are here to help you. Get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage
questions

You may increase your chances of saving money if you are on your lenders Standard Variable Rate of Interest (SVR). We will compare these new products available against your existing deal, in order to work out what your savings may actually be. If you have equity in your property, a remortgage would also give you the chance to release some of this money if you need to use it for something. Usually, we see homeowners use this for things like home improvements.

You may have the option remortgage and increase the size of your mortgage in order to pay off any unsecured debts you may have gathered over time. Please do not rush into this though as there are some negatives to doing this. We recommend that customers should always seek Mortgage Advice in Lincoln before looking at consolidating debts!

Your initial free remortgage consultation in Lincoln will last approximately 60 minutes. We will then compare a new deal vs your current product and recommend the most appropriate one for your personal and financial circumstances, with no obligation to proceed if it is not for you.

The fees involved with remortgaging will be similar to when you started your current mortgage. Even still, your dedicated Mortgage Advisor in Lincoln will run through all of these fees with you. They will take these into consideration when comparing the savings of the new deal vs your existing mortgage.

As a dedicated and experienced mortgage broker in Lincoln, we work on your behalf. We will carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for your circumstances. A credit check will then be required for you to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued to you by the lender.

It may be possible to get a second mortgage on your home if you’re looking to do Debt Consolidation or Home Improvements. You may also find that it’s possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

If you have had any type of credit problems in the past, you can still get a mortgage but you may possibly be required to put down a higher deposit than expected, perhaps 15% of the properties purchase price.

It’s usually three payslips that a lender will need to see for an employee to prove income and the latest 2 years’ accounts for Self Employed. You will also need to produce proof of ID, address and the last 3 months’ bank statements.

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We make it so easy!
Our 4 step process

Step 1

An initial telephone call where we take some details and look at your Remortgage plan.

Step 2

A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!

Step 3

We will search and compare 1000s of products to find you the most appropriate deal.

Step 4

Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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Lincolnmoneyman.com & Lincolnmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Lincolnmoneyman

Lincolnmoneyman, Commerce House, Outer Circle Road, Lincoln, LN2 4HY.

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