{"id":3501,"date":"2023-12-20T11:41:38","date_gmt":"2023-12-20T11:41:38","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=3501"},"modified":"2023-12-20T11:43:12","modified_gmt":"2023-12-20T11:43:12","slug":"is-it-time-to-remortgage","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2023\/12\/20\/is-it-time-to-remortgage\/","title":{"rendered":"Is it time to remortgage?"},"content":{"rendered":"
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Remortgaging means changing your existing mortgage to a new deal, either with a new lender or the same one. With every penny crucial, switching to a new deal could save you a considerable amount.<\/strong> <\/p>\n<\/div>\n\n

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  1. Deal about to end?<\/strong> <\/li>\n<\/div><\/ol>\n<\/div>\n\n
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    When your fixed-rate deal comes to an end, you will likely be switched to a standard variable rate that, in current mortgage market conditions, will probably be higher than you had been paying. So, finding a new deal could save you a considerable amount of money. <\/p>\n<\/div>\n\n

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    1. Want a different mortgage type? <\/strong> <\/li>\n<\/div><\/ol>\n<\/div>\n\n
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      With mortgages, there is a lot to think about. One of the key decisions is fixed, tracker or variable mortgage. Different options will work better for different borrowers, depending on their unique circumstances. <\/p>\n<\/div>\n\n

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      1. Home value has increased? <\/strong> <\/li>\n<\/div><\/ol>\n<\/div>\n\n
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        If the value of your home has risen significantly since you took out your mortgage, which is likely to be the case for anyone who bought their home more than three years ago, your loan-to-value ratio will have decreased. If this is the case, you could be entitled to better rates. <\/p>\n<\/div>\n\n

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        1. Want to overpay?<\/strong> <\/li>\n<\/div><\/ol>\n<\/div>\n\n
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          Many lenders do not allow you to increase your monthly payments or pay off a large chunk all at once. Therefore, if you\u2019re lucky enough to have had a pay rise or bonus and want to pay back a bit more, it could be worth remortgaging to find a new deal. <\/p>\n<\/div>\n\n

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          1. Want to borrow more?<\/strong> <\/li>\n<\/div><\/ol>\n<\/div>\n\n
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            On the other hand, there are times when you might want to take out a higher loan. For example, if you plan to build an extension or want to pay off other debts, it might be worth remortgaging to a find a lender that will let you raise more money on lower rates. <\/p>\n<\/div>\n\n

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            Talk to us<\/strong> <\/p>\n<\/div>\n\n

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            There\u2019s a lot to think about when it comes to remortgaging. The best way to get the best deal is to start looking early and talk things through with us. <\/p>\n<\/div>\n\n

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            It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.<\/em><\/strong> <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

            Remortgaging means changing your existing mortgage to a new deal, either with a new lender or the same one. With every penny crucial, switching to a new deal could save you a considerable amount.  When your fixed-rate deal comes to an end, you will likely be switched to a standard variable rate that, in current […]<\/p>\n","protected":false},"author":4,"featured_media":3502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,77,78],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/3501"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=3501"}],"version-history":[{"count":4,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/3501\/revisions"}],"predecessor-version":[{"id":3506,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/3501\/revisions\/3506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/3502"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=3501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=3501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=3501"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=3501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}