Mortgage Advice
Remortgaging
Remortgaging your home can be a strategic financial move that offers various benefits, from securing a better interest rate to releasing equity for home improvements or debt consolidation. Many homeowners opt to remortgage when their current mortgage deal is coming to an end or when they wish to switch to a more suitable product that aligns with their current financial situation.
When you remortgage, you essentially replace your existing mortgage with a new one, either with your current lender or a different provider. This process involves evaluating your financial circumstances, including your outstanding mortgage balance, property value, and credit history, to determine the most favourable mortgage options available to you.
At IMS Financial, we specialise in guiding homeowners through the remortgaging process. We understand that navigating the mortgage market can be daunting, which is why our expert advisors are here to provide personalised advice and support. Whether you’re looking to reduce your monthly payments, release equity, or consolidate debts, we can help you explore a range of remortgage options tailored to your specific needs and financial goals.
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Here at IMS Financial we are passionate about connecting our clients with a mortgage that truly suits them.
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Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, however you may pay more interest over your mortgage term. Your home may be repossessed if you do not keep up repayments on your mortgage.
Your fixed-rate period is ending
As your fixed-rate mortgage term nears its end, it’s essential to consider your next steps. You may face higher payments once your current deal expires. Exploring new mortgage options with lower rates could save you money. At IMS Financial, we guide you through this process, ensuring you find a new deal that fits your budget and financial goals.
You want to change your mortgage type
Changing your mortgage type offers flexibility and potential savings. Whether switching from fixed to variable rates or vice versa, it’s crucial to understand the impact on your monthly payments and financial stability. IMS Financial provides expert advice to help you decide if changing your mortgage type aligns with your financial objectives.
Interest rate rises are expected
Anticipating interest rate increases prompts homeowners to review their mortgage options. Rising rates could lead to higher monthly payments. IMS Financial helps you navigate these changes by offering solutions to secure a competitive mortgage rate that suits your financial situation.
You see a significant rise in the value of your property
A rise in property value presents opportunities to leverage equity for home improvements or investments. IMS Financial assists in remortgaging to access this equity wisely, ensuring it aligns with your financial goals and maximises your property’s value.
You are not allowed to overpay on your current deal
If your current mortgage restricts overpayments, consider remortgaging for more flexibility. IMS Financial advises on suitable options to manage your mortgage efficiently and potentially save on interest costs.
You want to borrow more money
When you need to borrow more against your property, exploring remortgaging options can provide the additional funds you require. IMS Financial helps you navigate the process to secure the best terms for your increased borrowing needs.
You want a more flexible mortgage
Seeking a mortgage that offers flexibility in terms or repayments? IMS Financial guides you in finding flexible mortgage options that suit your changing financial needs and goals.
Access to a wide range of products from over 70 lenders
A family-run business offering friendly and personal advice.
IMS Financial is an appointed representative of PRIMIS
Important
For our mortgage advice services, we will charge a fee of between £0.00 and £495.00. The level of the fee will be determined by the complexity of the enquiry and the duration of research required to assess your needs and provide a suitable recommendation.
IMS Financial is a trading style of IMS (Watford) Ltd. IMS (Watford) Ltd is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers
based in the UK.