Moving Home can be a very stressful time, though remortgaging can also be equally as stressful. Fortunately, these situations do not have to be and with our help, you may find yourself being more successful in these areas. Within the current situation of COVID-19 a lot of people are maybe coming to a realisation that the place they’re in may not suitable for them and their family now that they are spending more time in their home.
With some lenders undecided on applications they are progressing, it can be unclear to the customers what the do’s and don’ts are in the current climate when it comes to moving home or remortgaging. Often the reasons people choose to do this is due to their house being too small for their growing family, or they want more suitable living quarters for such things as home offices, conservatory extension or a room conversion.
Remortgages are still able to go ahead and therefore customers who are hoping to remortgage for an extension may be allowed to do so given that their application is approved. Our dedicated and trusted mortgage advisors in Nottingham are happy to help with your remortgage needs.
There are many options when you remortgage that you are able to choose from. To remortgage, you will need to review the different remortgage deals that are available to you. If you stick with your current lender you will be limited to only the products that they offer. By looking elsewhere you broaden your options of better deals and find that a much better deal that is available will save you a great deal of money.
Currently in the mortgage market rates are at the lowest they’ve been in a while, especially when it comes to fixed-rate mortgages, so there has never been a better time if you’re planning on carrying out a remortgage for home improvements. By having our trusted Mortgage Advisors in Nottingham alongside you throughout the process, you will also gain access to thousands of lenders with deals that you might not have had available to you by going solo.
The costs in relation to remortgaging for an extension are not a set amount. There are multiple factors that could have an affect on the amount you have to pay back each month and the overall amount you can borrow, such as the size of the extensions and the type of the home improvement you’re looking to go forward with.
You will also need to consider that in order to remortgage, you will have to go through another affordability assessment, even if you switch deals through the same lender you were on for the last mortgage.
When choosing to Remortgage in Nottingham, we always recommend that you get in touch with an experienced Mortgage Advisor in Nottingham ahead of time to make the most of the mortgage advice we provide. We will be sure to search through thousands of remortgage deals that we have available to choose from and pick out the perfect one for you.
We understand that life is hard right now, so having a friendly Mortgage Advisor in Nottingham by your side could make the process much more quicker and smoother.