Remortgaging

Why Remortgage?

Remortgaging is the process of switching your existing mortgage to a new deal, often with a different lender, to better suit your current financial situation. It can offer a wide range of benefits, whether you're looking to reduce monthly payments, release equity from your home, or secure a better interest rate.

At Sunnybank Financial Solutions, we make remortgaging easy, helping you find the best mortgage deals and improve your financial situation.

Why Should You Consider Remortgaging?

1. Lower Your Monthly Mortgage Payments:
   Remortgaging could help you secure a lower interest rate, which can significantly reduce your monthly mortgage payments. Whether you're on a variable-rate mortgage or your fixed-rate deal is about to end, remortgaging might be the best way to save money.
2. Access Better Mortgage Rates:
   Interest rates fluctuate, and if your current deal is no longer competitive, remortgaging for a better rate could save you thousands over the life of your loan. Our remortgage advisors will help you find the best fixed-rate mortgages or tracker mortgages based on your needs.
3. Release Equity from Your Home:
   Over time, you may have built up equity in your property. If you're looking to fund home improvements, consolidate debt, or make other large purchases, remortgaging to release equity can be a smart solution.
4. Adjust Your Mortgage Terms:
   You might want to change the length of your mortgage term to better suit your financial situation. Whether you're looking to pay off your mortgage faster or extend the term for lower monthly payments, remortgaging provides the flexibility to tailor your mortgage.

When is the Right Time to Remortgage?

• Your Current Mortgage Deal is About to End:
  As you approach the end of your fixed-rate or introductory mortgage deal, consider remortgaging to avoid moving to a higher standard variable rate. This is often the best time to shop around for better deals.
• You Want to Release Equity:
  Need cash for home improvements or other personal goals? Remortgaging to release equity can help fund these projects without the need for personal loans.
• Interest Rates Have Dropped:
  If the interest rates are currently lower than what you’re paying, it’s a great opportunity to remortgage for a better rate.
• You’ve Improved Your Financial Situation:
  If your credit score has improved or your income has increased, remortgaging with a better credit score could unlock better mortgage deals.

How Does the Remortgaging Process Work?

1. Assess Your Current Mortgage:
   We will start by reviewing your existing mortgage and understanding your financial goals. Whether you want to reduce payments, release equity, or secure a lower interest rate, we tailor our advice to your situation.
2. Explore Your Options:
   We will compare the best deals available in the market, including exclusive deals that may not be available directly to consumers.
3. Choose the Right Deal for You:
   Once we find the right mortgage for you, we’ll guide you through the application process. We’ll help you choose a deal with the terms, fees, and flexibility you need.
4. Complete Your Remortgage:
   After your application is approved, we’ll arrange for everything to be completed smoothly. We'll liaise with your current lender and the new lender to ensure the remortgage is processed without a hitch.

Why Remortgage with Sunnybank Financial Solutions?

• Expert Remortgage Advice:
  with over 23 years industry experience, we will provide you with personalised, impartial advice tailored to your own individual needs, to help you make the right decision for your future.
• Wide Range of Lenders:
  We work with a large network of trusted lenders to offer you access to the most competitive remortgage rates and deals available.
• No Hidden Fees or Charges:
  We’re 100% transparent about all fees and costs. There will be no surprise charges at any time throughout the entire process.
• Fast & Simple Remortgaging Process:
  Our streamlined process ensures your remortgage is completed quickly and without unnecessary complications. We manage everything from paperwork to lender communications, so you don’t have to.
• Fast & Easy Process: Remortgaging doesn’t need to be stressful. We will manage everything for you, from start to finish, ensuring a smooth and hassle-free experience.

Frequently Asked Questions About Remortgaging