Buy to Let Remortgaging
Many landlords are paying more than they need to on their mortgages and could make significant savings by switching to another lender. Switching lenders gives you the opportunity to take a fresh look at the market and plan the way forward.
Taking advantage of increases in property prices
You may wish to release cash from your investment property to release cash for a new project or even to provide you with some tax free income.
Taking advantage of market refinements
Buy to lets have expanded recently in recent years. It is now possible to borrow more using generous LTV calculations and to get better rates because of competition. Even if rentals are not that strong there are hybrid income/rental schemes that allow you to borrow up to 90% of your property value.
We will talk you through the market and help you select the most beneficial scheme. Attractive features may include;
Having determined what features you require we will also help with other areas.
Review your repayment strategy.
You may want to plan how to clear your mortgage more quickly or on the other hand if funds are tight you may wish to extend your term. Many people will want some advice on how to accommodate an under performing endowment.
Review your mortgage protection
This always makes sense when switching a mortgage as your circumstances may have changed and the market may offer more competitive solutions.
How easy is remortgaging?
Nowadays remortgaging is more straightforward and lenders have simplified their processes. Some offer help with the cost of switching.
We are there to guide you through the above decision making processes and although it can seem complicated with so much choice our job is to help you find the right solutions by combining our knowledge of the marketplace with a good application of common sense.
We can deal with all lenders that make up the market place including a number that offer special remortgage packages. We will quickly work out which schemes offer the best value and discuss a shortlist with you.
The remortgaging process
- We conduct a fact finding session with you either face to face or by a combination of phone and email.
- We make a recommendation in writing.
- We help you make an application to a lender via the web, telephone or a paper application.
- The lender agrees the case and arranges a valuation of your property.
- A mortgage offer is produced.
- A solicitor switches the mortgage from your old lender to your new lender and sends a cheque to you if additional funds have been raised.
- You have a different mortgage company taking your direct debit, enjoy the benefits of your improved package and forget about remortgaging this property for a few years.
Contact Us
Please contact us to see if we can help on 08700 11 33 22 or by using our contact form.
