Remortgages

As well as reducing your monthly payments, you can also use remortgaging to release the equity that’s built up in your property over time. If you have owned your property for several years, it could be worth more than your outstanding debt. Therefore, taking out a larger mortgage could release some extra cash. This could be spent on home improvements, a new car, a luxury holiday, or repaying your Help to Buy equity loan. When you remortgage, you are essentially replacing your existing mortgage loan with a new one, shifting your debt from one mortgage lender to another. There are thousands of remortgage deals available across the UK mortgage market. Step by Step will investigate all the different options available at the time and find the best remortgage deal for your new circumstances.
Call Step by Step today for free expert advice.

Switch your mortgage and save money

Remortgaging is a good way to escape high variable or fixed interest rates. More and more UK homeowners are moving their mortgages to save money. Even if you have just come out of a special deal and are obliged to pay a penalty if you change mortgage, do not be deterred. Re-mortgaging often reduces your monthly mortgage payment enough to still save you money in the long term. In recent years, remortgaging has become a much simpler and more common process. More and more mortgage lenders are offering specialist remortgaging services – often with free legal and arrangement fees.

Remortgaging your home

Contact Step by Step today to find out more about the latest remortgage offers. It may be that switching mortgages is the right solution to your changing needs. Your mortgage may have been the best deal for your circumstances at the time but is it still performing as well as it could? It may even be that it is better to stay with your existing lender – Step by Step will explore both options for you.

Equity Release

This is a special type of mortgage available to homeowners over the age of 55. Step by Step works closely with other mortgage equity release brokers who will explain the right plan for you and give you an idea of how much you can borrow.