Re-mortgage rates

Remortgage rates

Remortgage rates UK are very low at the moment compared to the average over the past 10 years.  The reason for this is because of the low bank of England base rate.  The remortgage deals are available to all homeowners with or without a current mortgage subject to status.  

Remortgage rates currently start from around 2.19%, and these remortgage deals are available if you are looking for a better rate or maybe you are looking to raise some capital in order to do some much needed home improvements or you need to reduce your monthly outgoing by consolidating some unsecured credit cards and loans.  If you currently have a mortgage and would like to review your options, then call today and speak to one of our mortgage brokers to find out what is the best remortgage rate for you.  

Mortgage lenders often offer free valuations and free legals with their remortgage deals, therefore this will help keep the costs to a minimum when it comes to your remortgage.  Often the whole remortgage transaction can be completed within 2 to 3 weeks from start to finish with minimum referencing required by the underwriter.  

If you have a guarantor mortgage it may be time to look at a new remortgage rate because you may be able to remove the guarantor liability and get a much better mortgage rate, this would of coarse depend on your circumstances having changed since the guarantor mortgage was set up.  

No matter what your circumstances, call and speak to one of our expert mortgage brokers today to find out if a new re mortgage rates uk would be right for you.  

Why bridging finance?

Q.  Why bridging finance?

A.  Bridging finance can be an effective short term financing solution, with minimal referencing and paperwork, if you need to raise capital fast to complete on a property, or another project then please contact us below and one of our dedicated consultants will contact you to discuss your options. Bridging finance is available through a number of sources such as private individuals and foreign banks operating here in the UK.

For example if you are a home owner with a mortgage and that house you have always wanted comes onto the market and you need to complete quickly.  One solution would be to bridge the purchase of your new property without having to sell your existing property in order to complete on the purchase, in some cases the bridging loan company will give you up to 6 months to sell the existing property and repay the loan.  The bridging loan company will help you raise the money you need to put down a deposit on the purchase, then the loan is repaid when you sell or remortgage your current property.

Bridging finance is also available for many other situations including commercial business.  There is no set criteria and every case is looked at on its own merits, therefore no matter what the situation is, it is always worth speaking to one of our brokers here at MMI brokers to get the best deal for you.

Secured loans are very popular at the moment as an alternative lending solution, many borrowers at the moment are on very low interest rates because of the low bank of England base rate but still need to raise some finance for the home improvements or to consolidate outstanding unsecured debt but do not want to remortgage rates the whole loan and give up the low interest rate.  Secured loan lending may be the answer.