Colchester Mortgages

Remortgage Advice

A Remortgage is where you relocate your mortgage to a new lender. This can be done when your current interest rate is up for renewal or when you are mid term with your current lender (if this is the right advice for you at the time).Remortgaging can be used for releasing funds to complete home improvements, debt consolidation, buying another property, simply gaining a better interest rate, supporting one off costs and much more. The list could be endless and once we know your reason for wanting to borrow further funds, our expertise will allow us to source a lender suitable for your needs.A Remortgage application can be completed six months prior to your current rate ending so you have the confidence that once your current rate ends your new one will take place with no higher rates being used in between.Think carefully before securing any other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage.

What is a remortgage?

What is a remortgage? A remortgage is when you switch your current mortgage deal to a different provider which may give you a more competitive rate and ultimately save you money on interest payments.There are many things to consider when thinking about a remortgage – including whether there will be an early repayment charge. These fees could be quite considerable, and may not make it worthwhile switching your deal if you’re looking to move before the term comes to an end.

Why remortgage?

People remortgage their properties for many different reasons. Perhaps you need to carry out some home renovations and install new bathrooms and kitchens? Or maybe your home is in need of some new windows? Remortgaging can help free up the additional cash which will enable you to carry out this work.If you’re thinking about going through the remortgage process, speaking to experts can help guide you on your remortgage journey.

Speak to the experts

Before you start on the remortgage process, it’s important to understand the terms of your current mortgage, your loan to value ratio and also know if you would like to include any additional borrowing.Working with a specialist such as our team here at Colchester Mortgages can help to ensure you find the right deal for you. We have years of experience in finding the right options for our clients and can help support you every step of the way through the remortgage process.

Support from Colchester Mortgages

As one of the leading specialist mortgage brokers in Colchester and the surrounding area of Essex, we have helped hundreds of clients secure the right remortgage deal for them. Providing outstanding customer service is our number one priority, and as a result we’ll always work hard to try and match our clients to the right mortgage deal, no matter their needs and requirements.

As a mortgage is secured on your home, please note, your home may be repossessed if you do not keep up repayments on your mortgage.

What Our Clients Say

Colchester Mortgages should be the only broker you consider. They have Experience in abundance, they’re on hand to help with any query (no matter how silly you think it might be) and they’re incredibly knowledgeable in their field. Daniel and the team made the process of re mortgaging our house so much easier, we would certainly have been lost without their guidance and would highly recommend them to anyone.

– Grace – December 2022

I highly recommend Mr Daniel Morgan and his team. Very professional and mindful. Me and my wife are first time buyers, of foreign passports and only residence of The UK for a bit over 2 years. We had our mortgage deal with a help of Dan and Co. Really guide us through and through Can’t be thankful enough. Highly recommended specially for first time buyers!

– Wulf – October 2022

Dan was abs brilliant. I didn’t have a perfect credit history and I was really worried, but Dan gave me loads of really helpful, sensible advice, and everything went through perfectly.

– Holly – October 2022

Dan helped me remortgage my house with an excellent deal. Highly recommend his services.

– Jack – October 2022

Dan Morgan did a great job arranging mortgage for us. We were really happy with his service, extremely professional and knowledgeable. Would highly recommend him.

– Carly – November 2022

We had an excellent experience with Dan and have recommended him several times !

– Clare – October 2022

Dan provided a fantastic service from start to finish on our remortgage. No one I would trust more than Dan for my mortgage and protection needs. Thank you again!

– Carla – February 2023

Dan has been absolutely fantastic throughout our house buying process. As first time buyers, he has been so reassuring. He is professional, personable, and relatable. Will 100% recommend Dan to anyone. Thanks so much!

– Grace & Mike – February 2023

This time a year ago I was in the process of purchasing my first home , and with all the stress that comes with it I can honestly say Dan made this as easy as it gets in the property industry , helping me with all my queries and achieving my required loan , baring in mind I also had 2 other mortgage brokers who also were helpful however I was drawn to Dan from the get go and followed through with him , I hope to be able to use him again on Re-mortgaging soon .

– Angelo – December 2022

Daniel Morgan is incredibly personable, professional and knowledgeable and he is out there in a league of his own. We’d spoken to many other brokers and directly with banks but Daniel always shone through with not only the better deal, but better service throughout, with unparalleled transparency and attentiveness. We were so grateful that he really took his time with our appointments to understand our situation fully, and to explain everything in detail so we could make the most informed decisions. Thanks for your help Daniel, we wish you and your team all the best success for the future.

– Luke – October 2022

After a worrying few weeks thinking we weren’t going to get the mortgage offer approved, Dan managed to get an offer agreed with Natwest. He was reaassuriung and kept us up to date with all stages. Would highly recommend.

– Harriet – December 2022

How much could you borrow?

Please call us today and we can discuss your needs, every client is different and we can personalise your mortgage requirements

01206 692400

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    If you’re looking to remortgage, speak to our experts today to find out more about how we can help.