I just wanted to take a moment to let you know how pleased we were with the great service that that you provided during the re-mortgage of our home.

...You were friendly and personable and consequently we felt at ease to ask any questions throughout. We would have no hesitation in using you again and would definitely recommend you to others.

Lauren & Dan

Remortgaging

Foundation Mortgages Bedford

Most mortgages on the market today offer “Initial Benefit Periods” where the product expires after a certain date, usually 2-5 years. After this period expires your mortgage typically reverts to the lenders variable rate which is not fixed and is traditionally higher than the initial benefit, although this is not always the case.

Remortgaging can be a great way to save money. Paying a slightly lower rate of interest could make a noticeable difference in your monthly mortgage payments, and in the long run, could save you thousands. Alternatively you may just want the stability of knowing what your monthly payment will be for the next few years. But remember – before you switch mortgage deals, be sure to check all the figures, including fees and early repayment penalties, as moving your mortgage for a lower rate than your current lenders variable rate may not be the most cost effective route for you to take..

The Process

Remortgaging is a relatively simple process. There are 3 areas that you must ensure meet the lenders criteria before you apply. They are:

  • The value of your home
  • Your Income and employment stability
  • Your Credit Score

If all 3 of these things don’t meet the lenders requirements then unfortunately you won’t be able to remortgage.

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

You may have to pay an early repayment charge to your existing lender if you remortgage

CallĀ Foundation Mortgages Bedford on 01234 856991 now and see how our friendly service and know-how gives you access to a full range of residential and buy to let UKĀ  re-mortgage products including fixed rate, interest only, discounted and variable interest rates, our aim is to offer fair and impartial advice to find you the best deal from across the market.

 

 

 

 

 

 

Simply visit our contact page and we will call you to discuss your mortgage and or protection requirements.

The levels and bases of taxation and UK interest rates are subject to change.

The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.