At Concise we look to form long lasting relationships, offering to review your mortgage on a regular basis, particularly when your product ends or when your circumstances change. Re-mortgaging does not have to be expensive as many lenders will contribute to the costs as well as offering a low competitive rate.

There are a number of reasons for re-mortgaging, which include:

Reducing your payments

Many lenders charge a high standard variable rate when any initial incentive they offered finishes. At Concise we will review your options of continuing to pay the standard variable rate against negotiating an alternative product or re-mortgage to another lender. We will recommend the most cost effective solution that saves you the most money over the short and long term, taking account of not only the interest rate but also the fees charged.

Fixing the rate of interest

Interest rates are at an all-time low and are likely to increase at some point in the future. Re-mortgaging not only gives you the opportunity to reduce your monthly payments but also to fix the rate of interest for a period of time against any future increase giving you the security of knowing what your payments will be.

Raising Capital

There could be a number of reasons why you may want to release some of the money within your property such as home improvements, buying a car or helping to purchase another property for you or your family. If you need to raise funds Concise can advise you on the best possible solution from a secured loan, re-mortgage or further advance from your existing lender.

Consolidating debts

You may want to reduce your monthly outgoings by consolidating your debts into one affordable monthly payment. If so, we can review your finances and make suitable recommendations in the form of a secured loan, further advance on your existing mortgage or re-mortgage to another lender. When consolidating debt, a reduction in monthly payments is likely to result in an increase in the total interest payable.

Transfer of Equity

Due to a change in circumstances you may want to buy out a current joint owner of the property or add on a new partner. This may also involve having to borrow additional money. We can help you with the whole process, recommending the right solution, dealing with the paper work and liaising with the solicitors to ensure a quick and smooth transaction.

Re-mortgaging can be easy

With Concise, re-mortgaging can be very quick and simple to arrange. We will help you through the process step by step working out how much you can borrow, how much it will cost, and what type of mortgage may be most suitable for you. We will even take care of all the paperwork for you, so you don't need to worry about a thing.

When you take out a mortgage with us, we will be in touch 3 months before your current mortgage expires to arrange a review to advise you on your mortgage options, so ensuring you always have the best mortgage available for your circumstances.

Think carefully before securing other debts against your home.

You may have to pay an early repayment charge to your existing lender if you remortgage.