• If you have an existing mortgage.
• If you are within 6 months of your current deal expiring or have no early repayment charges applicable.
• You have sufficient income to support the level of borrowing required.
• If you have a mortgage balance of no more than 90% of the property value.

If you can answer yes to the above then without doubt the answer is YES!

If you are on your lenders standard variable rate or your deal is about to expire, absolutely YES you need to consider the what is the best option going forward.

If you have early repayment charges for leaving your current provider or existing deal, we would need to work out the maths to determine if this is the best thing to do.

No credit checks are conducted at initial conversation stage and are only done when we have your permission to do so.

A lot of mortgage brokers charge an upfront or completion fee for their services, in addition to any income they generate from the mortgage provider they place your business to. Our current fee for a re-mortgage is £150 and this will be agreed with you at outset before any application is applied for.

We would normally expect the mortgage application to be approved within a 2 to 3 week period and then you would need to allow approximately another 3 week period to complete the legal process. Some lenders are a little faster and if speed was a key concern, we can focus on certain mortgage providers who can achieve a quicker turnaround.

Your level of borrowing will be determined by several factors, which will include your level of household income, your level of existing financial commitments i.e. personal loans, credit cards, car finance etc and how long you wish to borrow the money over. Your mortgage advisor will be able to confirm the realistic level of borrowing you could secure.

The vast majority of lenders do like to see that you have paid all your financial commitments over the last 3 years however there are a number of lenders that will consider clients with bad credit. Your specialist advisor will look at these providers if your situation requires.

There are several options you could consider.

One, would be to do a further advance with your existing provider, often used if you have an early repayment penalty in conjunction with your existing deal.

Two, consider a secured loan from a third-party provider, again often used if your existing lender cannot assist a further advance and if you have early repayment charges present.

Three, consider a re-mortgage with a new lender and combine your current borrowings with any new monies required. This allows the entire balance to be on one set of terms and conditions. We would only normal suggest this if it does not incur any early repayment charges to leave your existing provider.

Four, you consider an un-secured loan i.e. a personal loan, which then does not secure the debt against your property.