Re-mortgages
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Re-mortgages
Your mortgage is likely to be your biggest financial commitment. Therefore, streamlining the largest debt can produce the largest saving - sometimes £1,000s each year.
If you’re the kind of person who shops around, then you’re missing a trick by not using Mortgage Monkeys expertise to search 1000’s of products so that you can save money on your mortgage too.
Reasons to consider
Re-mortgaging
Your current mortgage deal has ended, and you will be moving to a much higher interest rate, usually called the Standard Variable Rate or SVR.​
You want a better rate than your current deal. Even with early repayment charges you may save money by switching.
The value of your home has gone up and a better deal may be available with your new, lower Loan-to-Value (LTV).
You are worried about Interest Rate rises. You may want to consider moving from a variable to a fixed rate.
You want to switch from an Interest only Mortgage to a Repayment one and start to decrease your debt.
You want to overpay but your lender won’t let you.
You want to borrow more, maybe for home improvements.
Re-mortgages
Your mortgage is likely to be your biggest financial commitment. Therefore, streamlining the largest debt can produce the largest saving - sometimes £1,000s each year.
If you’re the kind of person who shops around, then you’re missing a trick by not using Mortgage Monkeys expertise to search 1000’s of products so that you can save money on your mortgage too.
Reasons to consider Re-mortgaging
Your current mortgage deal has ended, and you will be moving to a much higher interest rate, usually called the Standard Variable Rate or SVR.​
You want a better rate than your current deal. Even with early repayment charges you may save money by switching.
The value of your home has gone up and a better deal may be available with your new, lower Loan-to-Value (LTV).
You are worried about Interest Rate rises. You may want to consider moving from a variable to a fixed rate.
You want to switch from an Interest only Mortgage to a Repayment one and start to decrease your debt.
You want to overpay but your lender won’t let you.
You want to borrow more, maybe for home improvements.
