Remortgages

We want you to pay less.

Life’s busy and you are approaching the end of your mortgage deal, you could be spending more than you need on your monthly mortgage payments.

You could save money by finding a mortgage with a better rate, lower monthly mortgage payments and potentially reduce the term.

Remortgage

What is a remortgage?

    Remortgaging is changing your mortgage product without moving house. There are many reasons to remortgage, depending on your personal circumstances, but many people consider remortgaging to save money, raise money or secure a better mortgage to suit their needs. By changing to a mortgage with a lower interest rate you may be able to save money on your monthly payments. New Mortgage Finance’s expert property finance team can talk you through the benefits of taking out a new mortgage.

    Some people remortgage to release equity from their home. By increasing the loan to value (LTV) of your borrowing, you can release cash to use on home improvements, debt consolidation, to purchase a further property, to gift money to your family or for a property purchase of your own.

    If your personal circumstances have changed, you may be able to afford to pay off your mortgage over a shorter term, or prefer to ensure your monthly payments are consistent.

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    Save money with a better deal

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    Raise money by releasing equity

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    Remortgage for home improvements

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    Remortgage to secure future payments

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    Remortgage to consolidate debt

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    Remortgage to support your business

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    Change your mortgage to suit your needs

    Remortgaging mortgage calculators

      We understand that making the decision to move to a new mortgage deal with another provider is an important one. Use our calculators below to discover how much you could borrow and how much the monthly payments might be.

      How much can I borrow?

      You may be able to borrow:
      Suggested deposit (10%)£ 

      Our simple mortgage calculator can give you an idea of the likely monthly payments you can expect to pay. It is important to note that this mortgage calculator is for guidance purposes only. The figures are based on the simple details you have provided and they may reduce after your bills and credit commitments have been considered.

      Mortgage lenders have their own affordability criteria, therefore it is important you speak to one of New Mortgage Finance’s Mortgage Advisers for further information and a more accurate indication of what products may be available to you and what your monthly mortgage payments are likely to be.

      What will my monthly repayments be?

      please use only numbers no symbols
      Example rate – feel free to adjust
      5
      Payment£ 
      PLEASE NOTE THAT THE INFORMATION PROVIDED IS FOR ILLUSTRATION PURPOSES ONLY AND DOES NOT CONSTITUTE ANY KIND OF MORTGAGE OFFER OR ADVICE.
      YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

      Call to discuss with our friendly mortgage experts how we can help you:

      0808 2818824

      Our phone lines are open Mon-Fri: 9am-5pm

      ANSWERS

        How does a remortgage work?

        A remortgage works in exactly the same way as a regular mortgage. New Mortgage Finance will search the market and advise which product will best suit your needs.

        We will find the best deal from your current lender, and compare it with options from the whole market, so you know you’re getting what you need.

        Established for more than 20 years, New Mortgage Finance has access to exclusive remortgage deals that are not available to other brokers and, as we search the whole market, you can be sure that New Mortgage Finance will get you the best rates on your remortgage.

          Who is a remortgage for?

          A remortgage is for anyone who already has an existing mortgage and whose current mortgage product is coming to an end. 

          It can be used for:

          • Securing another fixed rate when your fixed rate term has ended
          • home renovation and improvement
          • consolidating more expensive debt

          When to remortgage

          Mortgage offers are valid for 6 months, so you should start looking early – at least 6 months before your current mortgage product ends, secure yourself the best rate you can, and you still have time to change if necessary. Interest rates can vary greatly across 6 months so it’s best to give yourself as much time as possible. 

          Why use a broker for my remortgage? Can’t I just check online?

          Three quarters of all mortgages now are dealt with by brokers (it used to be an even split between brokers and banks), and advice is key. So is an independent perspective of the whole market and the ability to find the best solution for the client.

          Case Study

          A client of ours needed to increase his mortgage by £150,000 to use for business purposes. This could be declined by a number of lenders but after completing our research we managed to secure the client a great product and we received the mortgage offer within four weeks. We find it is extremely important to work with lenders to understand what they need and then to present the case in the most effective manner. Not all brokers have the experience and perseverance to overcome these hurdles but after 23yrs in business, we feel we do.

          RELATED:

          Remortgaging Guide

          Complete Guide to Remortgaging

          I used New Mortgage Finance when remortgaging. Not only did they find me a better rate than I had, but they managed the whole process for me. Friendly, professional and also good at follow up. I’d recommend them and definitely use them again

          M Williams

          Why use us for your remortgage?

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          Secure your rate early

          If your current mortgage deal is up in the next 6 months, now is the time to think about securing your next deal. If you can lock in another fixed rate now, you can be sure how much you are going to have to pay for the duration. ⁠

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          Access the best rates and save money

          Remortgaging can not only save you money by allowing you to access a lower interest rate thereby reducing your monthly payments but New Mortgage Finance can do all the hard work for you, comparing your current mortgage to see what you could save.

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          Raise funds

          You may have more equity in your property than when you originally took out your mortgage, you can use this to raise additional funds.

          Arrange a Callback

          Please fill in the form below and one of our team will call you back within 24 hours.

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