Summit Mortgages
Remortgages
If your mortgage deal is ending, consider remortgaging with your current provider or exploring other options in the market. We can help you find the best deal for your current situation, even if your circumstances have changed.
Trying to remortgage?
How We Can Help
If your mortgage deal is due to expire then it can be a great opportunity to remortgage. You can apply for a like for like arrangement, or, review your lending in a number of ways that might suit you better; make a lump sum reduction, or, borrow more for home improvements or debt consolidation. You could reduce the term, paying your mortgage off more quickly, saving money on interest, or, extend the term to make payments more affordable.
Most importantly we’ll find you the best deal for your current circumstances. This will include reviewing ‘existing customer’ deals with your current provider as well as deals from across the rest of the mortgage market.
It it better to remortgage with my
Current Provider or New Provider?
If you’d like to stay with your current mortgage provider and switch deals, we can help you with this. This is often called a Product Transfer or Rate Switch.
Sometimes existing customer deals can be very attractive, it’s hassle free and quick, with no need to apply for a new mortgage. But, how do you know this is the best deal? Don’t worry, we’ll compare your deal to the rest of the market to ensure you’re not missing out and if there is a better option we’ll support you with moving to a new provider, making it a smooth and easy process.
What if I have faced a
Change in my Circumstances
This is not uncommon. It may be that you’ve changed jobs, started a business and become self-employed or started a family. Rather than assume you’re trapped in your current deal let us review your circumstances and source the best deal for you, you might be pleasantly surprised.
Even if your financial position has changed or your credit score has declined, as long as you’re not looking to make any changes to your mortgage and you’re up to date with your current mortgage payments, you can usually select a new deal with your current provider.
You may have to pay an early repayment charge to your existing lender if you remortgage.
