Remortgage Section

A property section with information about switching mortgage lenders, as well as providing a form for a Re-mortgage.

Are you a homeowner with a mortgage looking to save on your repayments by changing lenders, or do you want information on the process of re-mortgaging? How about a re-mortgage to release home equity?
Then you're after a Re-mortgage, and The Grabber is here to help.

Topics covered on this page are:

What is a Remortgage? | The 4 Remortgage Steps | Remortgage Jargon Buster - term index

Apply Online - Don't delay, fill in a form and Grab that Deal!

Re-mortgage Loan Form

The Grabber has a re mortgage application form for you, it may help with your re-mortgaging and is also easy to complete. You can use the no obligation quote to compare against your existing lender to see if it could save you money. You won't be turned away just because previously you made a mistake and ended up with a problem credit rating. Regardless of your credit history, our application form could help you to re-mortgage.
Your re-mortgage application form will be assessed on an individual basis by a panel of independent lenders. Then they contact you, doing their best to help find you the re-mortgage you want. Not being tied to one single lender, means they have access to many mortgage products, increasing the chances of you re-mortgaging and saving money.
Don't wait, fill in a form and Grab that Re mortgage.

What is a Remortgage

A re-mortgage means switching your mortgage to a new lender, or remortgaging could be used to free up equity on a property to create fresh finance. Most people currently pay their mortgage providers standard variable rate, and this will never be the best deal available. Potentially you could save a lot of money by switching lenders and re-mortgaging on a lower rate or for a more flexible deal. There is no reason not to look into re-mortgaging your home if it could save you money.

Re-mortgage Steps

Re-mortgaging, just like a mortgage, can be time consuming to arrange and potentially difficult to understand. We think breaking the process down into 4 small steps should help visitors with any confusion understand re-mortgaging better.

Step1 - Any penalties involved?
Step2 - A new, cheaper mortgage?
Step3 - Any re-mortgage fees?
Step4 - Do you make savings?

Step1: Mortgage Penalties

Contact your mortgage lender and inform them that a home re-mortgage is being considered, they may offer a better deal to stay with them. Find out if there are any early redemption penalties, these are sometimes called early repayment charges. How much will you have to pay out in any redemption penalties? Hopefully there will be no redemption penalties, but these will be recouped over time. Calculate how much your current mortgage costs over 1 year, including any penalties.

Step2: Locating a New Mortgage

The next step in re-mortgaging is to find a new mortgage, you want smaller monthly repayments and extra flexibility if you require it. There are plenty of companies and web sites online that you can use, but you could be turned away if you have problem credit.
The Grabber has provided a form to help with your re-mortgaging, it is easy to complete and you aren't turned away for having less than perfect credit ratings. You can use the competitive, no obligation quote to compare against your existing lender to see if it could save you money. Calculate how much the new mortgage costs over a 1 year period.

Step3: Re-mortgage Fees

Ask the new mortgage lenders if any legal, valuation or registration fees are involved in the new mortgage. Any costs involved will be recouped over time but some companies may even waive the fees as part of their marketing gimmicks. Add these fees to the new mortgage costs over the 1 year period.

Step4: Savings versus Fees

Compare the cost of your current mortgage including any fees involved, against the cost of the new mortgage including any fees. Ideally the re mortgage should save you money straight away over the 1 year period. With costs involved it may take some time to recoup this initial layout, but annually you should be looking at making a saving. It is possible that you may have to compare differences over a 2 year period before you begin to see savings but the length of time over which you are willing to wait will depend on your personal preference and your circumstances.

Re-mortgaging

Re mortgaging, should save you money perhaps not straight away, but within a short span of time. A re-mortgage on the home is a large investment, so you should make sure to be certain before accepting and signing any paperwork on the mortgage. Once the paperwork or contracts have been signed they become legally binding.
With the Grabbers re-mortgage application form you will be presented with a competitive, free, no obligation quote, use it to compare against your existing lender to see if it saves you money on your mortgage repayments.

Apply Online - Don't delay, fill in a form and Grab that Deal!

Re-mortgage Loan Form

Terms Index