FAQs

Questions

Re-Mortgages
  1. Can a remortgage save me money?
  2. I have a poor credit rating, can I remortgage my home?
  3. How much money can I borrow?
  4. What is a remortgage?
  5. Shouldn't I stay with my mortgage lender?
  6. Can I use a remortgage to pay off other debts?
  7. What are the advantages of a remortgage?
  8. What are the disadvantages of a remortgage?
  9. Will my existing lender charge me any fees?
  10. Why should I remortgage?
  11. I don't understand some of these technical terms, help!
  12. How long will I have to wait for my remortgage?
  13. How much will it cost me to remortgage?

 


Answers

Re-Mortgages
  1. Can a remortgage save me money?

    Yes, a remortgage could save you money. And many of our clients decide to remortgage so they can save money through a lower interest rate, as they are currently on their lender's standard variable rate. 

  2. I have a poor credit rating, can I remortgage my home?

    Yes, we can still help you remortgage your home. Each remortgage is different, so the best thing you can do is contact us so we can start the process today.

  3. How much money can I borrow?

    This is different for each person as it is dependant on your income and the value of your home.

  4. What is a remortgage?

    A remortgage is when you, the borrower, change their existing mortgage lender to another provider. This new mortgage will not require you to move from your existing home and it could reduce your interest rates.

  5. Shouldn't I stay with my mortgage lender?

    Many borrowers feel loyal to their lenders, but this loyalty is not often rewarded. It could really benefit you in the long run to remortgage so that you can take advantage of a much lower interest rate.

  6. Can I use a remortgage to pay off other debts?

    Yes, one of the great advantages of remortgaging your home is that you will be able to consolidate any of your unsecured debts.

  7. What are the advantages of a remortgage?

    Your remortgage will give you the opportunity to raise finance by releasing equity in your property which can be used for any purpose. It can lower your interest rate and reduce your monthly rates meaning that you save money.

  8. What are the disadvantages of a remortgage?

    There may be costs that occur if you remortgage your home. This includes the cost of transferring lenders and legal fees.

  9. Will my existing lender charge me any fees?

    Your current lender may charge you for ending your mortgage contract early. But even with this added cost, you could still be saving money in the long term.

  10. Why should I remortgage?

    Our clients remortgage for many different reasons. A remortgage can offer you low interest rates, as well as a chance to raise finance or consolidate your existing unsecured debts.

  11. I don't understand some of these technical terms, help!

    We have listed some of the more technical language in our glossary page. But if you need any help or advice you can contact our professional staff via a freephone number.

  12. How long will I have to wait for my remortgage?

    As each remortgage case is unique, the processing times may vary. But we will try and get your remortgage application processed as quickly as possible.

  13. How much will it cost me to remortgage?

    Each remortgage application is unique, so your costs will vary. Costs to consider include valuation and arrangement fees.



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DebtConsolidation.co.uk is a trading name of Ask Finance Ltd which is registered in England and Wales (company number 4229724), Jackson House, Sibson Rd, Sale, Manchester, M33 7RR. Ask Finance is licensed under the 1974 consumer credit act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.

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