HOME IS WHERE THE SAVVY MORTGAGE IS
RE-MORTGAGE YOUR HOME
So, you’re on the property ladder, whether that’s recently or you’ve been in your home for several years.
If you’re out of the lender’s initial tie-in period, you will have automatically been placed on the lender’s variable interest rate, which almost certainly means you’re paying more each month in mortgage payments than you were initially.
ARE YOU LOOKING TO
A mortgage broker is sometimes able to secure a better rate for your mortgage than if you went directly to the lender yourself? Banks only provide their own products. Velvet has access to thousands of products available on the market and some exclusive products.
That’s why they are on hand to provide help and support to provide clarity to any concerns or queries you may have. Velvet prides themselves in delivering jargon-free Mortgage and Insurance advice in black and white, leaving no room for grey areas.
Assuming you have no early redemption penalty to pay, there are now multiple options available to you. Do you want to explore the possibility of reducing your monthly mortgage payments & overall mortgage term, releasing capital to make home improvements such as an extension or simply releasing capital to take that once in a lifetime holiday?
To put it simply, remortgaging is the process of taking out a new mortgage to replace your current one.
The main reason people want to re-mortgage is to save money, raise money or to reduce their overall mortgage term.
Being with the same mortgage lender for several years, there’s a good chance that you may be paying more than you should.
A lot of people consider re-mortgaging with a different lender as it could potentially save hundreds (or even thousands) of pounds a year.
Switching your mortgage provider can often lower your monthly repayments if you find one with a lower interest rate.
So, it’s important to review your mortgage regularly to see if there’s a better deal available elsewhere.
Alternatively, you can shorten your mortgage term, so that your home is paid off quicker and you pay less interest in the long run.
Passionate about putting what she knows best into practice so that her clients can protect their little world, Joanna has been described as “bold, blunt and brilliant” and “a financial wonder woman” by those who have benefited from her expertise and straight-talking advice. Working with everyone from company directors to families of all kinds, Joanna’s mission is to help families leave a legacy and protect what they’ve worked so hard for.
“I don’t ever want anyone to face what we did. The trauma of losing a parent, followed by the stress of not being able to make ends meet was the most horrendous experience and it doesn’t have to be that way. It doesn’t matter what you’re bringing in, with some sound financial planning, you and your loved ones can be secure, without breaking the bank.”
Joanna and the Velvet team translate the mortgage and insurance world into easy to understand terms, holding people's hands as much as they need it, giving the right advice and making sure families are protected BEFORE they need it and not when it's too late.