Local-Insight Remortgage Advisors in Ashford
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.
Dedicated Remortgage Support in Ashford, Helping You Explore Options
Eligibility Criteria for Remortgaging
Before embarking on the remortgage journey, it’s important to understand the eligibility criteria. Generally, lenders look for a stable income, a decent credit score, and proof of consistent mortgage payments over the past year. It’s also crucial to demonstrate your ability to continue repaying the mortgage, as this will give lenders confidence in your financial stability. Don’t worry if things seem a bit complex—The Mortgage Mum is here to simplify the process and help you gather the right documentation to present a strong case.
How Much Equity is Needed to Remortgage?
Equity plays a pivotal role in your ability to remortgage your home. To determine how much equity you need, consider the current value of your home versus what you still owe on your mortgage. Typically, lenders prefer you to have at least 20% equity in your home for a straightforward remortgage. However, the higher your equity, the more favourable terms you might secure. Our experts in Ashford will assess your situation and provide an accurate picture of where you stand.
Types of Remortgage Deals Available
There are several remortgage deals to explore. Fixed-rate mortgages offer the certainty of stable payments, while variable-rate mortgages might provide more flexibility with potential cost savings. We also look at offset mortgages that tie your savings to your mortgage account, reducing the amount on which you’ll pay interest. At The Mortgage Mum, we’ll walk you through these options, ensuring you understand the benefits and drawbacks of each.
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
The reasons for remortgaging are varied, and understanding yours is crucial to finding the best deal. Many homeowners look to secure a better interest rate than their current lender offers. Others may want to release equity from their home to fund renovations or consolidate existing debts into a single, manageable payment. Whatever your reason, we’ll support you in making the choice that aligns with your financial aspirations and needs.
UK Schemes and Considerations for Remortgaging
The UK does not currently offer specific schemes solely for remortaging, but there are aspects to consider, like the Stamp Duty implications or changes in regulations, which might affect your borrowing potential. Our remortgage advisors in Ashford are well-versed in the latest legal and financial developments and are ready to navigate these complexities with you.
About Ashford
Lastly, let’s delve into some specifics about Ashford’s housing market. Ashford’s property landscape has been appealing for quite some time, owing to its strategic location and excellent transport links, offering affordability compared to the bustling heart of London. This positioning makes it a viable choice for remortgaging, as property values continue appreciating at a steady rate. Our familiarity with the local market ensures that our advice is rooted in keen insights and market realities, providing Ashford homeowners with peace of mind and the confidence to make informed decisions.
Here at The Mortgage Mum, your goals are our victory dance, and our tailored services are designed to help you remortgage with ease, security, and optimism.
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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