Skegness Mortgage Centre

Re-mortgaging Your Property

Many of us are looking for a better mortgage deal, or would like to release some of the equity in our home but the process is often not as easy as it first appears.

So what do you need to know before you seriously consider remortgaging?

Where to start?

The first step is to contact us and we can advise you on the best remortgaging options.

We will work with you to check the terms and conditions of your existing mortgage. These will tell if you are tied-in to your mortgage deal or if there are any early repayment charges. You can then decide if it is worth switching to a different rate or stay put until the penalties have expired.

How do I apply?

We will of course guide you through the whole remortgaging process, which will include:

• An early repayment statement will be needed from your existing lender telling you how much you owe.
• An application form from your new lender will need to be completed, along with details of your income and proof of your identity
• Your new lender values your home
• Subject to all the paperwork being satisfactory, the lender will issue a mortgage offer which will contain the amount of the mortgage and the terms that they will offer you
• Solicitors will need to be instructed at this point to arrange the legal documentation, leading through to completion of the loan

How long does it take?

The whole process should take about a month to complete however this may vary from customer to customer.

Once you have received a completion statement from your solicitor or new lender, the process has finished and your new mortgage is in place.

Our fee for mortgages is usually £295 for mortgage advice and recommendation. We will also receive commission from the lender.

The FCA does not regulate solicitors and we act as introducers for it.

 

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

We will provide our customers with the most suitable advice, always striving to provide solutions to their needs, the very best service and transact business
with them in the medium of their choice be it face to face, over the internet or on the phone.

Where you have a compliant or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk

Skegness Mortgage Centre is a trading style J & G Mortgages Ltd which is authorised and regulated by the Financial Conduct Authority who oversees all financial business in the UK. You can find us on their website www.fca.org.uk.

Registered and Trading Office Address: 5 Rutland Road, Skegness, Lincolnshire, PE25 2AD

Registered FCA Number: 782328

Registered in England: 04976284