FAQ

Are there any penalties for early repayment?
This will depend on the lender and the mortgage you choose. A personalised illustration will give you details of any early repayment charge.

Can you reduce my monthly outgoings?
If you are looking to remortgage it is very possible that we may be able to reduce your monthly mortgage payment or your overall monthly outgoings if you release some equity for debt consolidation. This is dependent on many factors however, so the easiest way to find out if we are able to save you money is to
apply online and we will have a broker call you back to discuss.

Are there any restrictions on what the remortgage can be used for?
No, you can use the money from your remortgage for virtually any purpose. The choice is yours. The majority of our customers clear some or all of their existing credit so as to reduce their monthly outgoings to just one, more manageable monthly payment. (See section on Debt Consolidation). Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Quite often they also raise additional cash, to buy a new car or carry out some home improvements, and, remember, with cash in hand, you can often negotiate attractive deals when buying.

How much will my remortgage cost?
That depends on how much you wish to borrow, and the time period that you choose to repay it over.

What interest rate will I be charged for my remortgage?
It is difficult to say what interest rate your remortgage will attract, as all remortgages are assessed on personal circumstances.

Will my enquiry be treated in confidence?
Absolutely. We treat every enquiry in the strictest confidence. We pride ourselves in our confidentiality. We are registered under the Data Protection Act (DPA). We adhere to the confidentiality guidelines set out by FISA, as well as the letter of the law from the Data Protection Register.

How much can I borrow?
The minimum mortgage advance is £10,000. The maximum loan you could apply for depends on several factors which include: the value of your house, your income and your credit history.

I've had financial problems in the past. Can you still help?
Our financial expertise means we can even help if you've had problems keeping up payments in the past. We can arrange remortgages even if you have poor credit rating, have arrears or a county court judgement (CCJ) against you. In certain cases, but not always, an alternative interest rate may be offered. But it costs nothing to find out what we can offer you.

I'm worried about missing payments due to becoming ill or redundant?
Insurance protection may be available on some plans to offer peace of mind to borrowers. Subject to status - ask for details.

Can I borrow again in the future?
Of course. As long as you've maintained your regular payments, you could borrow more – even if you haven't completed your original remortgage. Just give us a call and we'll gladly provide a quotation for a further advance.

I'm self-employed. Am I still eligible?
Most certainly. Generally, we'd like to see two years' accounts, but even without trading accounts we can often arrange remortgages.

What is the difference between an interest-only and repayment mortgage?
With an interest only mortgage you only pay the interest charge each month. With a repayment mortgage the payments you make are calculated to include paying off the loan by the end of the term.

Will you contact my employer?
We will only contact your employer with your written consent. We can usually avoid the need to contact your employer if you provide us with your last 3 months' wage slips. If you are self employed and can't prove you income we can help you self certify.

Will you contact my existing lender?
We will only contact your existing lender with your written consent. We can avoid doing so if you have an up-to-date statement of your account that includes a full settlement figure.