Read our 295 Reviews
Remortgaging is the act of taking out a new mortgage on a property that you own already. This will replace the current mortgage you have or allow you to borrow money against your properties value. There are lots of reasons as to why people choose a remortgage, but we often find that one of the most popular is to remortgage for better rates.
A mortgage is arguably the largest financial commitment you will ever go through and should be planned thoroughly before you make any hasty decisions. It’s for this reason why would absolutely recommend that you look at the options available to you, ensuring you can get the best deals and services. Who wouldn’t want to do something that would save them money, especially on monthly payments?
The great news is that we will be able to do the deal searching for you, taking a look through thousands of remortgage deals on your behalf. It is our hope in doing so, that we will be able to find you the most best deal with favourable interest rates. Our trusted remortgage advisors in Nottingham are industry experts and are well versed in mortgage lender criteria.
The remortgage process may occasionally include complications. It’s for this reason why we will always recommended taking expert advice from a mortgage broker in Nottingham. We are known for providing all of our customers with open and honest mortgage advice in Nottingham. We will guide you through your entire remortgage journey, supporting you and trying to save you money too!
Before you get started with your remortgage process, we would also recommend watching Malcolm’s five-minute guide to remortgages video. This will serve to further explain the remortgage process to you. If you have any further questions or would like to get started on your remortgage, book your free remortgage review today and we will see how we can help.
As you approach the end of the fixed term of your mortgage, it’s important to start thinking about your options for what to do next. If you don’t take any action, your lender will likely move you onto their standard variable rate of interest (SVR), which typically comes with higher interest rates and will result in higher monthly mortgage payments. This is why many homeowners in Nottingham choose to remortgage their property.
By remortgaging, you could secure a better deal with more favourable interest rates, which can result in lower monthly payments and ultimately save you money in the long run. Seeking the advice of a mortgage advisor in Nottingham can be beneficial in helping you find the best deal for your circumstances.
A remortgage advisor will assess your current financial situation and offer advice on which remortgage deals may be suitable for you. They will take into account your income, credit history, and the equity you have in your home, among other factors. They will also help you understand the various fees and costs associated with remortgaging, such as early repayment charges and arrangement fees.
Overall, a remortgage can be an effective way to manage your mortgage payments and secure a better deal. It’s always a good idea to seek professional mortgage advice in Nottingham from a remortgage advisor to help you make an informed decision about your options.
At Nottinghammoneyman, we have helped many homeowners remortgage to improve their home. The way this works is that you incorporate the costs of the home improvements, such as a loft conversions, office spaces, new kitchen, etc., into your mortgage. This does mean that your monthly mortgage payments will be increased however.
If you’re considering remortgaging for home improvements, we recommend booking a free remortgage review online with one of our dedicated remortgage advisors in Nottingham. During the review, we can help you understand your options and find the best remortgage deal for your needs.
It’s important to note that some mortgage lenders may require you to provide quotes for the work you are planning to have done before approving your remortgage application. This is because the lender will want to make sure that the work you’re planning to do will increase the value of your property and thus make their investment more secure. Your remortgage advisor can help you understand the requirements of different lenders and guide you through the application process.
Debt consolidation involves merging all of your unsecured debts, such as credit card debts and personal loans, into one larger debt that is secured against your mortgage. This can make it more manageable to keep up with your repayments and reduce the total amount of interest that you are paying. However, it is important to be aware that by consolidating your debts into your mortgage, you will be spreading the cost over a longer term, which means you could end up paying back more overall.
Before remortgaging to consolidate your debts, it is important to speak to a specialist mortgage advisor in Nottingham. They will be able to offer tailored advice and guide you through the process, as well as help you determine if debt consolidation is the best option for your personal and financial circumstances. They can also help you find the best remortgage deal to suit your needs and avoid any potential pitfalls.
You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.
Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.
If you co-own a property in Nottingham and are looking to remove the other co-owner’s name from the mortgage, you will need to remortgage your property. This can be done by either switching to a new lender or staying with your current one. The remortgage process will be similar to when you first got your mortgage, as you will need to prove to the lender that you are financially capable of making the monthly payments by yourself, without the help of your co-owner.
It is important to seek professional advice from a dedicated remortgage specialist before making any decisions about co-ownership and remortgaging. They can help you understand the process and provide you with tailored advice to ensure you make informed decisions that are right for your individual circumstances. By booking a free remortgage review online with a member of our remortgage advice team, you can start the ball rolling and make the necessary steps towards taking full ownership of your property.
Our job as a mortgage broker in Nottingham is to provide you with expert and insightful remortgage advice. If you’re considering remortgaging your property or are approaching the end of your fixed term, we offer a free remortgage review with one of our dedicated remortgage advisors in Nottingham. This service is available to all customers, regardless of financial or personal circumstances.
Our remortgage advisors in Nottingham are highly trained and knowledgeable in the mortgage field. They will not only do their best to find you a better deal on your mortgage, but they can also try to help you with other remortgage options such as debt consolidation and improving your home through a remortgage.
Our team of remortgage experts are available seven days a week; you can schedule an appointment with them at a time that best suits you, whether that is outside of regular working hours or over the weekend, we want to make it nice and easy for you to fit in your review around your busy schedule.
Nottinghammoneyman has access to a large panel of both high street and specialist lenders. Each lender has a large variety of products and deals available, which means that our team can search 1000s of remortgage deals to find the best one for you. They will take into account your personal and financial circumstances to ensure that they recommend a deal that is tailored to your specific needs.
If you’re looking to use a mortgage broker in Nottingham like ourselves, you should take a look at our genuine customer reviews. These reviews are from both home buyers and homeowners who have used our service and have valued their experience with us. You never know, you may come across someone who has been through a similar situation to you.
To get started with your free remortgage review, simply book an appointment with one of our remortgage advisors in Nottingham. We will guide you through the process and help you take the next step towards being a homeowner.
4.95 Rating295 Reviews
Marie
Absolutely amazing from start to finish. So helpful, every step of the way we was informed of what was happening. Cannot thank them enough.
Anonymous
Very pleased with the service. Chris and the Team have helped me through the mortgage process, making it as easy as possible. They have also managed to find an excellent mortgage deal.
Clare
Nottingham moneyman helped me with my first mortgage 5 years ago and I had a great experience then and now my mortgage is up I have had another great experience with sorting out what to do next. Couldn't recommend the company enough
Kunal
Professional, polite & thorough. I’m genuinely glad I found these guys. Thank you so much.
Rosita
Excellent service the help and support provided throughout the process was second to none. I would highly recommend this company for any of the services they provide. Dan Osman in particular was so supportive and invested in my family he was such...
Leslie
Excellent service from Tom for our second mortgage, supported us through the process with very quick turnaround. Cannot recommend Nottinghammoneyman highly enough!
Craig
Quick at responding and delivered on everything they promised.
Lisa
The Nottingham Money Man group have been fantastic in helping me to navigate the complicated waters of house buying and obtaining a mortgage and the relevant other insurances etc you need with this. They have taken their time to explain things...
Wayne
Well what can i say We dealt with Leo Shakespeare and Jo Parnell throughout all stages of Our Mortgage Application, they both discussed and went through every detail throughly and helped us immensely i couldn't of wished for anyone better to of...
Daniel
I couldn’t find a mortgage in principle anywhere that suited me because of Low credit scores and applying for mortgage alone, I honestly thought I was never going to able to buy a house but jason managed to work some magic and find me something...
Sindi
Very happy with the service, super friendly staff and extremely helpful.
Christopher
Charlie has been the ideal advisor in the months we've worked together. Knowledgeable, honest, personable and consistently happy to help. He and his team have made my experience as a first-time buyer a LOT less confusing!
Anna
Would and will be recommending this company. They (Conner) provided an extremely professional and efficient service in switching over our mortgage to a better interest rate. Always very contactable which quite frankly is something in this day and...
Alexander
Great service. Best value. We spoke to 3 brokers. Money man had the best deals so went with them. Service was fantastic. The mortgage we wanted was being pulled on the day so Paula went out of her way to ensure they had everything to send our...
Jan
first time I’ve used U.K. money man and I would like to say big thank you to Chris and Stacey who were helping us with our mortgage and made whole process smooth and easy for us from beginning to the end.Thank you 🙏
Jonathan
Very helpful and informative. Kept us in the loop and followed up with emails. Thank you!
Baljinder
Conor was excellent and efficient through the process and always helpful. Would highly recommend Moneyman.
Rosalind
Paula and Dan worked on our remortgage and we cannot recommend them highly enough. Dan initially handled the case and was very thorough, efficient and found us a great deal. We needed to remortgage around the time of Kwarteng’s mini budget so it...
Amy
Daniel was my mortgage advisor and he was excellent, friendly, efficient and honest in what was available to me in the current climate. Will continue to use Nottingham Moneyman for my remortgages.
Molly
Really happy with the care and support we received throughout our mortgage application! Communication was easy & response time was fast - thank you!
Once your fixed mortgage period comes to an end, your mortgage will automatically transfer to your mortgage lender’s standard variable rate (SVR) of interest.
Typically, this rate tends to be higher than your current rate, which could result in higher monthly mortgage payments.
To avoid this scenario, we recommend that you reach out to our team of mortgage advisors in Nottingham. We’ll help you search for remortgage deals to ensure that you don’t end up paying more than you need to for your mortgage.
In fact, we may even be able to find you a deal that results in lower monthly payments!
Remortgaging to pay off your unsecured debts is an option you may consider, but it is important to carefully weigh the pros and cons before making a decision.
Our temortgage advisor in Nottingham can help you explore all of your options to determine the best course of action for your personal and financial circumstances.
We recommend that customers always seek reliable mortgage advice in Nottingham before consolidating their debts!
During your free remortgage appointment in Nottingham, which typically lasts about 30 mins, our team will carefully analyse your current financial and personal situation to determine the most suitable remortgage product for you.
We will go through all the associated fees and compare the costs of staying on your current mortgage versus getting a new deal.
Once we have identified a remortgage deal that meets your needs and requirements, we will present it to you. If you are satisfied with the offer and want to proceed, we will guide you through the remortgage application process.
When considering a remortgage in Nottingham, you can expect to encounter similar fees to those associated with your original mortgage.
Your remortgage advisor in Nottingham will guide you through all of these fees, ensuring that you have a clear understanding of what you are paying for.
We will also compare the costs of obtaining a new deal versus staying on your current mortgage to help you make an informed decision.
Our mortgage process is composed of several stages. Firstly, we will ask you to complete our Fact Find to provide us with a clear understanding of your mortgage needs and goals.
Next, you will have a free appointment with a mortgage advisor in Nottingham, who will begin searching for mortgage options that are tailored to your individual circumstances. If we find a suitable offer that meets your requirements, we can proceed with your mortgage application.
To obtain an agreement in principle, we will conduct a credit check on you and gather supporting documents to validate your mortgage application.
Once we have submitted your mortgage application, we will wait for a formal mortgage offer to be issued.
As a mortgage broker in Nottingham, we often see customers seeking a second mortgage for various reasons. Some of the most common reasons include:
– Consolidating debt.
– Making home improvements.
– Investing in a buy to let property.
– Other reasons, such as purchasing a holiday home or helping a family member with a mortgage.
Obtaining a mortgage may be a bit more challenging if you have a history of bad credit, but it’s not impossible!
In such cases, some mortgage lenders may require a slightly larger deposit from you, typically around 10-15%.
Whilst this is the case, there may still be many options available to you, and as an experienced mortgage broker in Nottingham, we can help you find a mortgage lender that is willing to work with your situation.
– Photo ID (Driving license, Passport, etc.).
– Proof of Address (Utility bills, tax bills, credit card statements, etc.).
– Latest 3 months’ payslips & Latest P60 (employed applicants)
– Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
– 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.
An initial telephone call where we take some details and look at your Remortgage plan.
A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!
We will search and compare 1000s of products to find you the most appropriate deal.
Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property!
Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.
Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.
