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MY CIRCUMSTANCES HAVE CHANGED, CAN I GET A NEW MORTGAGE DEAL?

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‘As a 5-star, recommended mortgage broker in Bournemouth , I always recommend a full review of your personal circumstances, needs and plans’. Changes in circumstances, often means a change in needs Changes to income, employment, family and financial commitments warrant a full review of your mortgage needs. Many who take a new product with their existing lender, opt for a like for like mortgage that offers the lowest interest rate. Rarely is any thought given on how to pay less interest, reviewing attitude to repayment risk and the costs involved. That is great for the lender as it’s fast business renewal with no risk, as direct to lender rate swaps are conducted on a non-advised basis. The aim is to pay as little as possible The aim of any recommendation must be to ensure long term affordability, whilst repaying the mortgage over the shortest possible term, in order to repay the lowest amount of interest and fees. Your mortgage must reflect your attitude to risk and cons
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Mortgage Broker Bournemouth | What is a re-mortgage & when would you do it?

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Hi, I am Peter a Bournemouth Mortgage Broker and over the 20 something years I have been working in financial services, the term ‘re-mortgage’ has and continues to cause confusion. What is a re-mortgage? The biggest misconception is that to re-mortgage means to re-finance your debt due to financial hardship. Re-mortgaging is also associated with meeting the cost of building work which is spiraling out of control. Whilst re-mortgaging can be used for these reasons, It is rarely the case.  I recently completed a re-mortgage which saved a client £308.00 per month. Reducing their current mortgage payment from £572.00 to £264.00 per month. That is a whopping 53% reduction. They were not in financial difficulty and in full control of their outgoings, they simply had not reviewed their current mortgage for many years. A re-mortgage is quite simply replacing your current mortgage to obtain more favorable terms, and/or to raise additional finance. Why should I Re-mo
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