Clear-Clarity Remortgage Advisors in Shoreham by Sea
Local Remortgaging Advice
- Multi- Award winning team
- Wide range of lenders
- Bespoke service, tailored to you
- Available at all hours, including after bath time!
Get in touch for an initial free, no obligation chat with an advisor about how we might be able to help.
Reliable Remortgage Guidance in Shoreham-by-Sea, Honest and Confident
Eligibility Criteria for Remortgaging
To remortgage your home in Shoreham-by-Sea, there are a few key eligibility criteria to keep in mind. Lenders typically look for a stable income, a good credit score, and a strong repayment history. It’s essential to have all existing mortgage payments up to date and a clear understanding of any early repayment fees associated with your current plan. We’ll help you assess all these factors and more, maximising your chance of success when applying for a remortgage.
How Much Equity is Needed to Remortgage
A significant element in your remortgaging application is the amount of equity you’ve built up in your home. Generally speaking, lenders prefer that you retain at least 20% of your property’s value as equity, although this percentage can vary. Higher equity often means better terms for your new loan. Our advisors at The Mortgage Mum can help you calculate your home’s current value and the equity available, ensuring you have a firm understanding before proceeding with any application.
Types of Remortgage Deals Available
There’s a variety of remortgage deals available to suit different financial needs and goals. Fixed-rate deals offer stability, allowing you to lock in a predictable monthly payment for a set term. Tracker mortgages, on the other hand, fluctuate with the Bank of England base rate, offering lower initial rates but with an element of risk regarding payment increases. Flexible mortgages might appeal to those who wish to overpay or pay off their mortgage entirely without penalties. We’ll discuss these options with you to determine the right fit.
Speak to an expert
We will work at times that suit you and your family, carrying out appointments via video call, telephone or email, giving you the benefit of first class service, around your own schedule, and in the comfort of your own home. So let us handle your mortgage today and find out how well we can look after you, The Mortgage Mum way!
Reasons to Remortgage
People choose to remortgage for many reasons. You might be looking to release some of the equity tied up in your home, providing funds for home improvements or for other personal investments. Securing a better interest rate is a common motivation as well, which can significantly reduce your monthly outgoings. Some clients opt to consolidate existing debt into their mortgage, simplifying their finances with one manageable monthly payment. Whatever your reason, we’re ready to assist and offer sound advice tailored to your needs.
Relevant UK Schemes and Considerations
When remortgaging, it’s also important to consider various UK-wide schemes and regulations that could impact your decision. For example, the Help to Buy scheme or recent changes in interest rates might influence your options. Our advisors at The Mortgage Mum stay up to date with these developments and will ensure that all relevant factors are considered during your remortgaging process. When seeking a remortgage, working with an experienced mortgage advisor in Shoreham-by-Sea can make all the difference. Known for our local expertise, The Mortgage Mum brings a unique understanding of the Shoreham-by-Sea housing market to our services. Shoreham-by-Sea boasts a vibrant community feel with a mix of historic charm and modern amenities. The housing market here has seen a steady demand, with properties ranging from quaint coastal cottages to contemporary apartments. For those considering remortgaging, the area’s appeal and desirable location can contribute positively to property values. Whether you’re looking to leverage Shoreham-by-Sea’s thriving market conditions or simply wish to explore your remortgaging options, The Mortgage Mum is dedicated to helping you achieve your financial goals with confidence.
Why The Mortgage Mum
- We're a team of mums who understand the juggle
- We're all expert advisers with a wealth of experience
- We work around you and your schedule
- We're here to make the mortgage journey easier for you
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