If it has been a while since you last looked at the mortgage rates that are available then now may be the perfect opportunity to lower your repayments as lenders are in competition to attract existing homeowners with lower rates. Remortgaging is sometimes perceived to be an expensive process, but most lenders cover the valuation and legal costs of your remortgage and many borrowers are surprised to find out how much they could save on repayments.
Four reasons to remortgage with Contractor Financials
- The mortgage specialists take care of the whole remortgage process by looking at what you are paying with your current lender and then directly comparing this rate with the wider mortgage market, ensuring you get the best fixed or tracker rates available.
- Should we find a better deal than your current provider is offering, we will aim to ensure the new lender pays towards any re-mortgage costs wherever possible.
- Contractors can often benefit from no application or legal costs and a free valuation.
- If you were to approach a lender direct you may struggle to prove a sufficiently high income to remortgage as they will demand to see company accounts or payslips, we can base your affordability on your annualised contract rate alone so you can borrow more.
Our contractor remortgage advisers have helped thousands of clients find a better rate. Whether you want to release capital for home improvements, lower your repayments or fix to ride out the next few years of interest rate uncertainty. Whatever your reason for remortgaging, we will endeavour to help you achieve your goal.
“Our previous mortgage was £330,000 and we had the opportunity to purchase some parking spaces adjacent to our property. We knew we wouldn't be able to raise these funds in time to meet the 3 month deadline that the owner had given so we called the advisers at Contractor Financials and they suggested that we remortgage to raise the capital. Rates have come down so much since we secured our last mortgage two years ago that we have now been able to release £70,000 equity with our remortgage and our repayments are actually £100 less than they were on our previous fixed rate. The advisers have taken care of the entire process for us and have completed the remortgage in time for us to secure the parking spaces so we couldn't be happier.”
To find out more about acquiring a Contractor Remortgage call 0333 370 8888 or simply click enquire now and an adviser will be happy to help you.