We have a combined experience of over 75 years, and have provided mortgage advice for more than 15,000 families on the Wirral. We can make the process of remortgaging your home quick, simple and stress-free
We are just about to complete on our home, just awaiting a move date after securing a mortgage through MAIN. We have been dealing with Graham and his team, mainly Emily who have all been fantastic from start to finish. They have a very calm approach to all matters, responding to all queries straight away and always putting you at ease not matter how big or small your query is. I’ve tried to go alone with previous mortgages and I can honestly say it is night and day using a broker such as Graham - don’t hesitate - use these guys 👍
Unbelievable service from MAIN from start to finish. George and his team managed to find us an excellent mortgage deal in the first instance and were on hand to facilitate an extension on our offer with the lender when our completion date neared.George and Lisa liaised with the lender on our behalf and also provided all information to our solicitor. MAIN went out of their way to help me and my family when it really mattered and we would highly recommend them to anyone buying a new home.OUTSTANDING right through to completion!
George and the team at MAIN were excellent while we were purchasing our first home. We had two in-person meetings with George who explained everything we needed to know about the process. It took us about 8 months to find a house but they stayed in touch and offered advice whenever we needed it. Everyone we spoke to was really helpful, friendly and quick to respond to emails. We'll be using them for all future advice and purchases, and will recommend them to anyone looking to buy a home.
We have now used MAIN to secure the best possible mortgage on our last two homes. We have been really pleased with the service provided and the product received. As well as using MAIN for mortgage advice, we have set up life insurance and our wills through George. He has been brilliant for help and advice over the last 5 years. The communication from the whole team is excellent. We will definitely continue to go to MAIN for all of our mortgage and insurance needs in the future.
Having recently changed to being self employed, I had previously been told by another mortgage provider that I would struggle to get a new mortgage so soon. Luckily I was recommended Elliot's services at Main Mortgages and I am so grateful, as not only was I offered my ideal mortgage, but they were so patient and helpful in explaining every step of the way. They explored a number of options for me and advised on the best steps to take. They kept me informed at every opportunity and communication lines were brilliant- would highly recommend!
Remortgage with M.A.I.N
As your local remortgage brokers on the Wirral, we know how daunting the remortgage process can seem. It’s best to shop around for a new mortgage deal before your current term expires. We can assist in finding you a deal that will help save you money on your monthly payments, adjust the terms of your current agreement, or even help to consolidate any debts you may want to clear.
The remortgage process can be complex and time consuming, even if you’ve done it before. M.A.I.N will be there to advise you throughout the entire procedure and taking most of the workload off your hands.
Our 5 star Google Reviews testify how we take the time to understand your remortgage needs, and we take pride in being the remortgage broker who gets to know you, and provides tailored advice specifically to your circumstances. With over 100 years of combined experience, we have a reputation on the Wirral for ensuring our clients receive the highest level of service throughout their remortgage journey.
How we find you the perfect deal
Similar to a first time buyer, our first step with a remortgage at M.A.I.N is always the same. We invite you in for a free consultation and take the time to find out as much as we can about your needs and circumstances. The most important thing to understand is why you are looking to remortgage. We can then approach it in the most suitable way for you.
You may have already had an offer from your current lender, which is great. You can then use that offer as the benchmark, making it easier for us to find a better deal for you. Don’t worry if you haven’t had an offer from your current lender, we can always use your current deal as an example.
We are here at every step of the process, to assist and answer any questions or queries you may have. We work solely with your best interests at the forefront of all that we do. You can see from feedback and reviews, we pride ourselves on the service we offer.
Reasons to Remortgage
Click each option to see how a remortgage could benefit you!
Your Current Deal is Ending
Your 2 or 5 year fixed-term deal may have been perfect for you at the time, however the near constant changes in the market means you may be better off remortgaging, rather than opting for the Standard Variable Rate (SVR). The SVR is determined by your lender and can be much higher than the rate you initially agreed, therefore, remaining on it for any amount of time could cause a significant increase to your payments.
A remortgage could help you to save more throughout your mortgage term than you realise. Whether you remortgage with your current lender or change to a new one, we recommend searching for new remortgage deals around 3-6 months prior to your mortgage deal ending.
We are able to search a range of different remortgage deals, and can help you find the perfect one for you circumstances without the inconvenience of going to each lender individually.
To Secure a Better Rate
If you remortgage for a better rate, you could save a significant amount of money throughout your mortgage term. You can remortgage with your current lender, or you may benefit more by switching to a new one who offers more competitive rates.
If you are in the middle of your term, one of the main things to consider is whether your current deal includes an Early Repayment Charge (ERC) or exit fee, as this could actually cost you more than sticking with your current deal. We can help advise you on these fees, helping you to assess the cost in doing so and whether a new rate is justifiable.
If you are coming to the end of your mortgage term, you may be able to secure a new rate 3-6 months before the end of your term (dependant on lender) which will start when your current deal ends, which could help to avoid incurring these charges.
Borrowing Money on your Mortgage
If you remortgage to borrow additional funds, you can essentially release the difference between your property’s current value and your remaining mortgage amount as a lump sum. Reasons for doing this include paying for home improvements, starting a business, or purchasing a car to name a few.
This is typically done at the end of your current mortgage term when you look to secure a new rate, meaning you can meet both of your needs in the one remortgage process. We will search the market to find the perfect remortgage deal for you from a range of different lenders, removing the need for you to shop around in your own time.
This figure will be added on to your overall mortgage repayment amount, so it is worth seeking advice from ourselves to establish what you could afford to pay monthly before proceeding with the remortgage.
Think carefully before securing other debts against your home, as your home may be repossessed if you not keep up the repayments on your mortgage.
To Consolidate Debts
If you have accumulated any type of unsecured debt, whether that be credit cards, loans or overdrafts to name a few, you may be able to utilise the equity built up in your property to lump them all together into one monthly payment.
Of course, this will cause your monthly mortgage payments to increase, and whilst this may be cheaper than the payments towards your debts, the repayment term will be longer than that of your other forms of borrowing. This is where we come in, we can run affordability to establish whether this is something that will be manageable for your circumstances before confirming the remortgage.
This remortgage process will require you to have a sufficient amount of equity built up, be able to provide proof of the debts you wish to pay off, have your property revalued and undergo credit checks and affordability assessments. It is important you consider these options and we recommend discussing it with an expert before you go ahead.
Think carefully before securing other debts against your home, as your home may be repossessed if you do not keep up the repayments on your mortgage.
To Get a Lower Loan-To-Value
Your loan-to-value (LTV) is what lenders use to determine the risk before approving a mortgage. Essentially, the lower the loan-to-value the more likely you are to get a better deal from the lender.
The way your LTV changes is based on your outstanding mortgage amount and what the lender determines the value of your property too be. For example, if you have made improvements to your home since purchasing, you may find that your LTV has decreased considerably depending on how much of your mortgage is still outstanding. Therefore, a remortgage could allow you to access better deals from the lenders as it would be deemed as less of a risk.
A new deal could decrease your monthly payments, potentially saving you a significant amount of money. If you think the value of your home has increased, it could be worth contacting us to discuss your options and exploring what deals you may be eligible for.
Change of Personal Circumstances
If you have gone through a divorce/split, or will be divorcing/splitting with your partner in the near future, you may need to remortgage your home to change who’s name it is under.
If you have purchased together and one of you wishes to keep the property in your sole possession, your lender may be able to do this for you without a remortgage. However, if affordability cannot be met based of the sole earning alone, it may be beneficial to explore your options of remortgaging with other lenders.
You should be aware that additional fees may apply when it comes to a change of name. We can help you to work through your options, as well as discussing other potential outcomes, such as selling the property on or allowing your partner to buy you out.
Book Your FREE Appointment
Remortgaging can be both stressful and confusing, we take all the stress and hard work out of a remortgage. Book your FREE no obligation appointment today.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.