The only way to Remortgage in 2023

Straightforward mortgage advice from expert brokers. Finding the perfect mortgage just for you without the jargon.Β 

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Straightforward mortgage advice from expert brokers. Finding the perfect mortgage just for you without the jargon.Β 

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Do you want to Remortgage in 2023? When remortgaging, many homeowners make the mistake of assuming that they will get the best remortgage deal by staying with their current lender. However, the truth is that the best mortgage deals are often found by remortgaging with a completely new lender. Which is why you need an expert mortgage broker long after you’re a first-time buyer!

And here’s why:

First of all, loyalty doesn’t always pay off. While your current lender may offer you a simple, easy option by staying with them with little work from you, these rates are often not as good as the new deals you’ll be offered by new lenders who are competing for your business. New lenders are often more willing to consider any changes you’d like to make to your mortgage too, such as capital raising, paying off a lump sum and extending the term. Secondly, mortgage products and rates change constantly – particularly at the moment! Even if you got a great deal with your current lender a few years ago, there’s no guarantee that they will still offer the best rates and terms right now. By shopping around and comparing offers from different lenders, you can make sure that you’re getting the best deal available at the time of your mortgage renewal.

The only way to Remortgage in 2023, Vantage Mortgages

It is crucial now with the way mortgage rates have been rising, that you find out exactly when your mortgage is due for renewal and start this research around 6 months before. A new rate will usually last 6 months before expiring and if rates continue to go up, you’ll be very glad that you locked in that new lower rate. What if rates go down though, I hear you ask? If rates do go down within that time frame, you can swap to a better rate closer to your mortgage renewal date and discard the rate you had previously secured. It’s the only remortgage strategy you’ll need in 2023.

In conclusion, if you want to get the best mortgage deal when remortgaging, it’s important that you get an expert mortgage broker to compare different lenders for you based on your individual circumstances.

Don’t assume that your current lender will offer you the best deal – loyalty doesn’t always pay off. By mortgaging with a new lender, you can get a better rate, lower fees, and more perks. So don’t be afraid to explore your options and find the lender that’s right for you – with a broker of course!

If you’d like that to be us, it would be a pleasure to hear form you. Contact us on 0300 124 5630 or email us at hello@vantage-mortgages.co.uk

Why Vantage?