Remortgage

If your current mortgage is on your lender’s Standard Variable Rate, do you realise that you could save hundreds – perhaps even thousands – of pounds by switching to a better deal with another company? As with most financial decisions, shopping around can reap tremendous benefits, and transferring a mortgage between lenders – known as ‘remortgaging’ – needn’t be onerous or stressful.

At The Good Mortgage Company, our experienced mortgage advisors can search the whole of the mortgage market to find a remortgage deal that meets your needs – you’ll find below a couple of our current favourite deals. Just filling in our enquiry form could be your first step in making some great savings.

Top tips on remortgaging

Talk to your existing lender to find out what they can offer, and what (if any) charges or fees would apply if you were to move your mortgage elsewhere. They may try to keep your business by offering you a deal from their range of rates available to existing borrowers, but bear in mind that these will rarely be as competitive as the remortgage deals you could get from other lenders.

Be aware of all the costs involved in remortgaging – at the very least these will likely include some form of repayment fee from your existing lender, as well as an arrangement fee for the new mortgage. However, you should always remember that these should be balanced against the overall savings you will make on your monthly payments.

Choosing to remortgage is often a good time to review the rest of your finances. A top-up loan or additional advance on the new mortgage (at the new rate) could help consolidate debts, pay for a new car, a wedding or home improvements.

Our guide, ‘Should I remortgage?’ includes more information about remortgaging and some of the things you should consider.

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Think carefully before securing other debts against your home.  Your home may be repossessed if you do not keep up repayments on your mortgage.
 

We charge a fee for arranging your mortgage. The precise amount depends on your circumstances but will typically be £500. We will also be paid commission from the lender.  We charge no fee for insurance advice.  If you arrange insurance through us the insurer will pay us a commission.