Our expert team of mortgage advisers, based in Carlisle, are perfectly placed to find you some great remortgage property deals and can access some exclusive mortgage offers you won’t find with high street lenders.
At Stan Sherlock Associates, we have expert insight and knowledge of the mortgage market. If you've already got a mortgage, but want to find a better deal, our friendly team will calculate how much you can borrow and compare the mortgage deals available to suit your individual circumstances. We’ll ensure you understand the costs, potential implications and guide you through the whole process.
A remortgage is where you take out a new mortgage on a property you already own, either to replace your existing mortgage, or to borrow more money against your property. You can remortgage without moving house and we recommend always investigating your options when your current mortgage deal comes to an end.
Most mortgages have a fixed term for repayments or interest rates and when this deal or offer comes to an end, you will pay your lenders Standard Variable Rate. This may see your monthly repayments increase and you may pay substantially more over the remaining term of your mortgage.
A home or house remortgage, or remortgage for a commercial or buy-to-let property can involve:
- Remortgaging with your existing lender but moving to a new deal
- Remortgaging with a new mortgage lender against your existing property
A remortgage can reduce your monthly payments, overall interest rate or help you access funds for home improvements.
You should consider remortgaging if:
- Your current mortgage deal is coming to an end
- You’re looking for a better interest rate on your mortgage
- You’d like to fix your monthly payments
- You’d like to make overpayments to shorten your mortgage term (which your current deal may not allow)
- You’d like to borrow more money
- Your home has increased in value and your loan-to-value ratio may now mean you can get a better mortgage deal
There are pros and cons to remortgaging and it may not be right for everyone. The mortgage market place is complex and getting good advice is essential.
Is your current mortgage deal coming to an end?
Contact our team today to find the best remortgage deal for you:
Why work with us?
At Stan Sherlock Associates, arranging a mortgage or remortgage is not a one-off transaction. We aim to build long term relationships with our clients and provide you with an advice service over the lifetime of your current mortgage, and beyond, which ensures you always have the right deal for your situation.
Although based in Carlisle, our clients come from much further afield. We regularly work with clients from across Cumbria (including Kendal, Keswick, Penrith, Whitehaven and everywhere in between), the Scottish Borders and North East England. Many of our mortgage advice services can be provided by phone and email but our mortgage advisers are always happy to meet you face to face.