Your mortgage may have been the best deal for your circumstances at the time however mortgage rates have dropped massively and the potential to save money has never been better.
Remortgaging is a good way to escape high variable or fixed interest rates and more and more UK homeowners are moving their mortgages to save money. Even if you have just come out of a special deal and are obliged to pay a penalty if you change mortgage, do not be deterred, re-mortgaging often reduces your monthly mortgage payment enough to still save you money in the long term, plus if it isn't in your best interest we will advice you to not change.
As well as reducing your monthly payments, you can also use remortgaging to release the equity that’s built-up in your property over time. If you have owned your property for several years, it could be worth more than your outstanding debt therefore taking out a larger mortgage could release some extra cash. This could be spent on home improvements, a new car or a luxury holiday if you like.
When you re-mortgage, you are essentially replacing your existing mortgage loan with a new one, shifting your debt from one mortgage lender to another. There are thousands of remortgages available across the UK mortgage market and Eddison Wells will take into account what different mortgage lenders are offering at present and find the best remortgage deal for your new circumstance by comparing over 60 different lenders & 1000's of mortgage deals.
I remortgaged my property prior to Christmas. I secured a much lower rate of interest and this has allowed my to be significantly better off each month - even when taking into account the early repayment charges.
I found the service excellent. Matt explained each step in simple easy to understand language when I was talking to him and the process overall was swift and most importantly - stress free.
Eddison Wells Financial is a UK certified mortgage brokerage, what this means is we are qualified & licensed to provide you with mortgage advice. More importantly you can have peace of mind that we are going to make sure every advice we give you is for your benefit only.
The team at Eddison Wells pride themselves on giving the best customer services possible, as providing you with a mortgage is expected but making that process easier, stress free & the feeling of having someone looking after you best interest is often better than just getting a great deal.
Eddison Wells Ltd trading as Eddison Wells Financial, registered in England at [Suite 3FF Station House, Stamford New Road, Altrincham,WA14 1EP (number 10271744). Eddison Wells Ltd is an appointed representative of Pink Home Loans, Pink Home loans is a trading style of Advance Mortgage Funding Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 305008) for mortgage and non-investment insurance advice. The Financial Conduct Authority does not regulate some forms of Buy to Let.
This site is only directed at persons within the UK. Calls may be recorded for training and monitoring.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed, for example, our typical fee on a £100,000 mortgage would be £300.
The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.