When you are coming to the end of your fixed mortgage term, it’s important that you look to take out a new product. This ideally should be happening around 6 months early.
The process of taking out a new product is either known as a product transfer or a remortgage. However, a product transfer happens when you take out a new mortgage product with your current lender and remortgage is when you take out a new mortgage product with a different lender.
It would be nice, however, the majority of lenders don’t reward you for your loyalty to them. It’s unjust, however, it’s more likely that they’re offering First Time Buyers in Grimsby a more favourable rate than existing borrowers like yourself.
Obtaining open and honest Mortgage Advice in Grimsby is something we strongly suggest before accepting a deal. Finding a competitive deal with the same lender can be a challenge so it’s best that you search through some deals or approach a Mortgage Broker in Grimsby.
Here at Grimsbymoneyman, our team can search through thousands of competitive mortgage deals to find the one that is fitting for your personal and financial circumstances. We always have your best interests at heart and will work hard to find your dream deal.
Even though changing over to a new deal with your current lender through an online switch may sound like a simple route, you may want to see what other deals you may be eligible for. It’s common for lenders to try and tempt you to take their online offer instead of getting Remortgage Advice in Grimsby.
Approaching a reputable Mortgage Broker in Grimsby, like ourselves, means that you are guaranteed consumer protection which is something you don’t get with an online switch.
Through our experience, we find that many customers decide to go for the most convenient option. This can result in them missing out on a good deal that they had access to if they took more time in the process or approached a Mortgage Broker in Grimsby.
It’s important to take advice, especially if it’s free! Here at Grimsbymoneyman, all our customers are offered a free mortgage consultation to every single customer. Our job is to shop around for you across our large panel of lenders to find you the most appropriate deal for your situation
In the event that an individual ends up on the wrong deal by accident or feels like they could’ve had a better one down the line, they may regret not seeking advice and just going down the route of an online switch. Furthermore, you may realise that seeking Mortgage Advice in Grimsby could save you money compared to switching deals in the future.
We have a plethora of experience in the mortgage industry and have an excellent reputation when it comes to finding customers the perfect deal for their situation. Our team strive in providing a fast and friendly service that aims to take off any stress in the remortgage process.
Regardless of whether your situation is simple and straightforward, we always recommend you seek Mortgage Advice in Grimsby. Look at it this way, a second opinion costs nothing but making a mistake when taking out a new product can be costly.
By simply searching the market for a new deal could save a lot of money. As a Mortgage Broker in Grimsby, this is where we can help. We offer all our customers a free remortgage review with one of our expert advisors who can provide you with top-quality, tailored service to achieve your remortgage goals. Simply get in touch or book online today.