Remortgages

Do you want to remortgage? Looking for a better deal? Want to release some of the equity in you home? Wedgewood Mortgage can help you find the perfect remortgage deal.

We can help find the perfect remortgage deal for almost any situation. Whether you’re looking for a better deal than your current mortgage or want to remortgage to release some of the equity in your home, our advisers have access to a variety of products to suit your needs.

Why remortgage?

There are many reasons why you may want to consider a remortgage:

• coming to the end of a fixed rate deal
• change in financial circumstances
• releasing equity from your home

Considerations for remortgaging:

By it’s very nature, the remortgage process is very similar to the original mortgage process and, as such, requires as much thought and attention. You should consider your options carefully before deciding to remortgage & making your final decision to go with a particular product:

• If you’re tied into a fixed rate deal, you may have to pay an ‘early repayment’ charge if you decide to remortgage.
• Work out if you will actually benefit financially from the remortgage – if you have a small mortgage, the costs of remortgaging may outweigh the benefits.
• Make sure you do a like for like’ comparison on your existing mortgage and the new deal – watch out for hidden charges & penalties

The remortgage process:

The remortgage process is slightly less complicated than your original mortgage because the Title Deeds to the property are already in your name. This means there are less complications on the property side so you’ll be able to concentrate on securing the best remortgage deal available.

The first thing you’ll need to do is find the right product (Wedgewood Mortgage can help you select the ideal package from a portfolio of remortgage specialists).

From there you’ll need to make an application in similar format to your original mortgage application. What happens next will largely depend on the processes of the specific remortgage company you chose.

Find the perfect remortgage:

With a multitude of remortgage products available on the market, Wedgewood Mortgage can guide you safely through the choices and find the perfect product for you. Contact us today.