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ReMortgage Deals

Get a better mortgage deal, and save money

There are many reasons why you may want to re-mortgage your house and changing lender can be a simple route to achieving many objectives. Here are some examples for you to look at.

Reducing your monthly payments
If your goal is to reduce your monthly mortgage payments because the current rate of interest you are paying is too high, a re-mortgage will be the answer.

Example   - Saving on Monthly Payments

You are paying base rate with your current lender (Santander is approx 4.79 today), by re-mortgaging you could cut the rate down to 3.49%, fixed for 2 years.  On an interest only mortgage of � 80,000 this would cut your monthly costs down from �319 to �232 per month - a massive saving of �2280 over the two years.


Home Improvements

If you have been living in your house for a few years and you are happy with the location, the neighbours, being close to schools etc.. but the house is in need of improvement or you want to raise some capital, a re-mortgage may be a better bet than moving house.
 - add another bedroom or two, conservatory, new kitchen or bathroom


"THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE"
 
M Davies Mortgages Ltd is authorised and regulated by the Financial Conduct Authority FCA Number 302051 Consumer Credit Licence Number 546033
 
FEES - "We do not charge a fee for arranging your mortgage, unless the amount you need to borrow is less than £150,000. In these circumstances the actual amount of the fee will depend on your circumstances but a typical fee is £350"


The APRs quoted above are costs for comparison. The actual rate will depend on your circumstances. Ask for a personalised illustration.