Remortgaging

Many homeowners 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.

Stirling Partners Finance will talk you through the market and help you select the most beneficial scheme. Attractive features may include;

• The lowest interest rate
• The stability of a fixed or capped rate
• Flexibility to make over payments
• Features that makes tax efficient use of your savings
• The ability to draw future funds down

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.

For further reading see mortgage insurance

Capital-raising

You may wish to raise additional funds for a whole host of reasons.

• Home improvements
• Debt consolidation
• Purchase of additional property
• Business funding
• Career or educational needs

How easy is remortgaging?

Nowadays remortgaging is more straightforward and lenders have simplified their processes. Many offer help with the cost of switching.

Stirling Partners Finance 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.

How are we paid?

Any initial consultation will always be free of charge. Thereafter, we will agree with yourselves how we will be paid for the work that we do on your behalf. On many occasions we will receive a commission from a lender or insurance company. In addition to, or in substitution of this we may charge a fee of up to 1% of the loan amount. For example a fee of £1000 would be payable for a loan of £100000.

The fees we most often charge range between £0 and £500. All fees are notified in writing and agreed with yourselves before any work commences.

Contact Us

Please contact us to see if we can help on 08700 11 33 22 or by using our contact form.