What is this and why do I need it?
A remortgage is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. It happens when you change the mortgage you currently have on your property, either by switching it to a new lender, or by moving to a different deal with your existing lender. It can be a good way to find lower interest rates and better mortgage terms or to release money you have in the equity of the property.
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What can Beesure provide?
Just because a mortgage was right for you two years ago, does not mean that it is the right mortgage now. A slightly cheaper rate can have a huge impact on your mortgage repayments. Unlike your high street lender, Beesure and its Financial Advisers can access thousands of mortgage products across the whole of the market to tailor it exactly to your requirements, now and in the future.
Why is Beesure the right choice?
At Beesure, we have access to thousands of mortgage products across the whole of the market, including those on the high street but more importantly those exclusive products available only to mortgage brokers. We endeavour to get the right one for you and secure that dream home.
Frequently Asked Questions
What kind of deposit is required?
In most cases the house you are remortgaging is used as your deposit and no additional cash deposit is required.
What are the minimum requirements?
The requirements may differ depending on the bank or mortgage provider but as standard most will require:
- 3 Months pay slips
- Bank statements
- Tax return (if self-employed)
- Work contract
- A good credit score
What are the benefits of remortgaging?
The benefits of remortgaging can be reducing your monthly payments, securing a better interest rate and shortening the time it will take to pay back. It can also be a good option if you want to borrow more to afford home improvements or pay off other more costly debts, such as credit card loans.
Speak to one our team for a free no obligation initial consultation.
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Beesure Limited is authorised and regulated by the Financial Conduct Authority no. 832417.
Beesure Limited is a company registered in England and Wales. Company number: 10551333.
Registered office address: Ground Floor, Rowan House, Hazell Drive, Newport, NP10 8FY.