Remortgages2021-05-18T12:59:12+00:00

Remortgaging your home in Manchester

remortgage Manchester

Manchester Mortgages are specialists in the provision of remortgage products throughout Manchester.

What is remortgaging?
A remortgage is when you change from your existing lender to a new lender whereas a product transfer is when you change to a new product with an existing lender. Manchester Mortgages are specialists in the provision of remortgage products.

This may be done for various reasons such as you may be looking to raise additional money for other purposes such as debt consolidation, home improvements, a deposit for property purchase or if your existing lender is unable to assist.

With a remortgage the new lender usually offers a free standard valuation of your house / property and will nominate a solicitor to deal with the legal formalities at no cost to you (unless the names on the mortgage have to be amended).

What remortgaging your home can do for you

  • Home improvements

  • Debt Consolidation

  • Purchase a secondary property

  • Raise money for other projects

  • Help children with deposit for their first home

  • Save hundreds a month on your existing mortgage payments

  • Get a more competitive rate

Looking to remortgage?
We aim to make the process as simple and stress free as possible, get in contact today so we can guide you through the process.

Email us

Or Call us on 0161 706 0242

Case Studies

A few examples of how we have helped individuals and couples
save hundreds on their existing debts and mortgage payments.

switch interest only mortgage to repayments

Switching from an interest only mortgage to repayments

A re-mortgage case study involving consolidating £40k of debt and changing an interest only mortgage to repayment.

View case study
remortgage in manchester for debt consolidation

Consolidating debt with a remortgage

Dramatic debit consolidation case study where we save our clients over £400 a month

View case study

When to remortgage?
Once you have a mortgage and your initial interest rate ends you will revert to the lender’s standard variable rate which can sometimes mean an increase in the monthly payment.

By reviewing your mortgage 2 to 3 months before the end of the rate period you can usually find a better rate than the lender’s standard variable rate.

But where do you start to look?

Email us to get started

FAQ’s about Remortgaging

Confused ? – Don’t be – At Manchester Mortgages we are able to research the whole of the market (as well as your existing lender) to advise what is the best solution for you in your circumstances.

Dependent on lender, you may be offered a transfer to another rate that is more competitive than remaining on their Standard Variable Rate.

However, at the moment dependent on who your existing lender is, it could take up to 6 weeks to get a telephone interview / or face to face interview in branch to discuss your expiring deal, and some high street lenders are not even able to offer further advice.

Manchester Mortgages has access to many of the high street lenders’ mortgage systems and we are therefore able to advise and apply for a Product Transfer on your behalf without you having to worry about trying to sort your mortgage out in 6 weeks’ time and have the added problem of potential of increased mortgage payments if you have to revert back to the lender’s Standard Variable Rate.

Testimonials of people we have helped with remortgaging

“Contacted Manchester Mortgages about remortgaging our property to release capital for Home Improvements.

Great Communication from start to finish. Always answered our calls and responded promptly to our emails.

Found us a better rate than we expected. No hesitation in recommending to Work colleagues, Family and Friends.”

Steve & Helen, Monton, Remortgage

“We needed to remortgage to carry out urgent repairs to our property.

Within 3 Hours of making our initial enquiry we had received a recommendation from Manchester Mortgages.

The whole process was made easy and simple and everything was fully explained and were able to help us find a solicitor.

We cant Thank You enough for helping us in our hour of need. Thanks Manchester Mortgages.”

Lorna & Peter, Didsbury, Remortgage

“We contacted Manchester Mortgages as we had to purchase a property for my elderly mother to move closer to us after the death of my Father.

From our first contact with Manchester Mortgages to purchasing the property nothing was to much trouble,

We were provided with advice and suggestions about our options that we would not of even considered ourselves.

Removed all the stress arranging the mortgage and kept us informed at all.

First class service and would have no hesitation in recommending Manchester Mortgages.”

Sue & Heather, Cheadle, Remortgage

Give us a call on 0161 706 0242 or fill in the Contact Us Form and let us help you through the mortgage process – we guarantee you will not be disappointed.

Contact us

More information about Remortgaging your house with Manchester Mortgages

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