Your Trusted Partner in Mortgages
Remortgage with Emerald
If your current mortgage deal is coming to an end, or has already ended, we can help you understand your options and make informed decisions about the next steps for your mortgage.
Whether you're considering switching to a new rate with your current lender or moving your mortgage to a new lender entirely, we'll provide expert advice tailored to your circumstances and recommend the option that makes the most financial sense for you. We'll also take care of the application process on your behalf, making the experience as straightforward and stress free as possible.
This page includes some helpful tips for anyone looking to remortgage, or for those who are concerned about their interest rate changing and aren't sure where to start.
Three things to consider when reviewing your mortgage...
Product Transfer v Remortgage
Your adviser will compare the costs of staying with your current lender, versus moving to a new mortgage provider. They will consider things like, interest rates, affordability, fees and speed of completion.
There are benefits of both options, and your adviser will look into both before making a recommendation.
Your adviser can switch your rate or apply with a new lender, and then will continue to monitor for any rate changes right up until the deadline before completion.
Budget
You need to consider your current budget and any future changes during your mortgage term. Have rates gone up? Are you planning on having another child? Have you got debts that you're considering consolidating? All of these answers will influence the type of mortgage that is right for you next. It might be that your adviser recommends extending or decreasing your mortgage term depending on your budget, and they will talk you through the benefits vs cost of this too.
Future plans
Your adviser will speak to you about any future plans which may influence the type of mortgage that would be suitable for you.
Things like, plans to move, to start a business, grow your family or move in with a partner. Maybe you want to extend your home and need to release funds to do so. Or maybe you just simply want to concentrate on clearing off your mortgage as soon as you can.
All of those things should be considered and will determine the type of recommendation your adviser will make.