FISCUS MORTGAGES - INFORMATION AND ADVICE

Remortgages

Remortgaging is the process of recalculating the mortgage on your house, in order to get a deal which is better suited to your current financial circumstances.

This may involve maintaining existing levels of debt and simply “shopping around” for a better deal on interest or mortgage type, or may involve removing some equity from your house to help fund other investments or purchases. We have put together the following information to help give you further information on remortgages:

Why Remortgage?
When should I remortgage?
Advantages of a Remortgage
Disadvantages of a Remortgage

WHY REMORTGAGE?

There are numerous benefits to be had from a remortgage. In a nutshell, the key reasons for remortgaging are:

Find a better mortgage deal – Many people choose to ‘shop around’ at the end of their discount, fixed or capped mortgage period, in an effort to find a better deal and save money on mortgage interest.

Debt Consolidation – One of the biggest incentives for a remortgage is to consolidate your debt into one loan. If a mortgage is used, this can usually provide the lowest available interest rates for your debt.

Changing status from employed to self employed or vice versa – This can have an impact on your mortgage costs, as a regular employee income is liked by lenders, while self-employed individuals can benefit from a wide range of mortgages including self-certification mortgages.

Equity Release – Many individuals will choose to remortgage to raise funds for other commitments and investments, such as home improvements, a second home, buy-to-let, property abroad or to fund business expansion.

At Fiscus Finance, our commitment is to try and offer consumers informed choice. To help you accomplish this, please take a look at our further information on remortgages:

- When should I remortgage?

- Advantages of a Remortgage

- Disadvantages of a Remortgage

You can compare the best remortgage rates currently available in the UK using our remortgage tables. This should help provide you with ball-park figures of the interest rates you can expect on your remortgage.

If you are already know that you wish to remortgage, then please fill out our brief mortgage enquiry form and we will have an Independent Financial Adviser (IFA) contact you within 24 hours. They will be able to provide in-depth advice on remortgage options and can scour the market to find the best mortgage for your particular circumstances.