How much can you remortgage your house for?
Shopping around for a remortgage is something that homeowners should do on a regular basis. Many don’t though, as searching for a new mortgage can to be time consuming. Once you are on an introductory rate, you could quickly feel comfortable and remortgaging goes to the back of your mind.
Before you know it though, your introductory rate has ended and you’ve jumped to your lender’s SVR. The difference in rate may have more of an impact than you were expecting, and you could find yourself out of pocket.
This is when many people begin the remortgage process – when it has already cost them money that they didn’t have to spend.
Remortgage rates now are at historic lows, and many lenders have introduced new product ranges and slashed fees to gain your business. This is an excellent time to switch deals, but what rates are available and how much can you remortgage your home for?
Any rate offered will depend on various things. These include:
- Your total income.
- The amount you wish to borrow.
- What percentage of the property you own outright.
- Your property’s value and if it has risen since you bought it.
All these factors affect how much you can borrow, the same as the first time you obtained a mortgage, and Deal Direct do all the comparisons for you. Our mortgage advisors find the best deals, based on cost and benefits of the product, as well as the level of service offered by the lender, and match these to your requirements.
All our advice is impartial and no-obligation, you can count on the quality of our service.
For all your remortgage queries, call now Deal Direct on 0800 048 8828.
