It’s the season for spring cleaning and taking stock of financial matters. That makes it the ideal time for homeowners thinking of remortgaging to do the research required to get a better loan deal.
For first-time buyers at least a year or two into their first-ever mortgage, this is also the ideal time to do a little spring cleaning of their finances.
Access to a better rate
According to the Homeowners Alliance, £5.6 billion of mortgage deals for FTBs will end this month, meaning FTBs need to secure a remortgage on a better deal fast or go on to their lenders’ variable rate, which is likely to mean increased monthly repayments.
Where you’ve had a repayment mortgage, your payments to date will have reduced some of the capital you owe, meaning you can potentially access a better rate for the next two, three or five years.
Once you’ve secured your new deal – whether direct with your lender or via a financial advisor – you’ll need a conveyancing solicitor to ensure the legal side is dealt with quickly and efficiently.
In-Deed best option for quality conveyancing
At In-Deed, we only work with property law firms across England and Wales who are all on the lenders’ panels, ensuring they can work efficiently and without any barriers to deal with your transaction.
Talk to our team now on 0800 038 6886 to get a competitive quote for high-quality conveyancing services for remortgaging.
You can also get a no-obligation quote online. And with our no-completion, no-fee guarantee, you won’t be out of pocket if, for any reason, your remortgaging transaction does not go through.