Services: Re-mortgages

Most mortgage lenders offer attractive rates to start with, hoping to make their products appealing to borrowers. These good deals typically run out after 2, 3 or 5 years and the rate payable for your mortgage switches onto the lenders variable rate, which is almost always more expensive. It is crucial to review your mortgage arrangement when this "tie-in" or initial discount period ends and then re-mortgage to the best deal available for your circumstances at that time.

As you approach the end of your initial discount period the first thing to do is contact your current lender and ask what deals they will offer you if you keep your business with them. Tisco's advisers can help you with this if required.  Our re-mortgage process then filters through all the other products available with alternate lenders and compares the best of these against your existing lenders revised offer. We factor in any up front costs of re-mortgaging (legal fees and possible valuation fees) in our comparison of total costs over the term and then recommend accordingly.

Our advisers always have your best interests are heart and will not recommend a remortgage unless it is the most cost-effective thing for you to do. Remaining with your existing lender and re-negotiating your current deal will not incur any of the legal expenses or other costs, so this option will always be considered when calculating the best value for money overall.

We can also help free up equity to consolidate debts or for home improvements or further investment as part of the re-mortgage process.

For further information and a free no-obligation assessment of your requirements please contact us.