When to start remortgage process
When Should I Start The Remortgage Process
hi I'm Kelly from the mortgage Genie the
team at the mortgage Genie would always
recommend that you begin to review your
mortgage about three to four months
before the end of its fixed-rate the
reason for this is that it will give
them plenty of time to scour the market
and saw the most suitable and
cost-effective mortgage for you once
your advisor understands your goals and
objectives they will then make sure that
you meet all the lenders strict criteria
and pass the affordability assessments
the timing of the remortgage process is
vital to secure a smooth application as
you have to consider the time needed for
the lender to assess your income and
documents to have the valuation carried
out on your property as well as allowing
enough scope for the solicitor to
complete their work if you leave it too
late it is possible you won't get on to
the new product until after your current
fixed-rate ends and therefore your
monthly payment may increase until
completion of the new mortgage can take
place if you're in a position now or you
will be coming to the end of your
fixed-rate within the next four months
give us a call and let us work our magic
you
