Remortgaging

What used to be a relatively simple process has become a minefield over the last year, with the mortgage market suffering from the general malaise of the wider economy.  

Mortgage lenders have been changing their criteria by the month, with the chance of actually getting a mortgage becoming more and more difficult.  Trying to do this on your own is virtually impossible with lenders changing rates and deals on a whim with little or no notification. Indeed, when the Bank of England cut interest rates in November by 1.5%, every single competitively priced tracker rate on the market was withdrawn that day.  We were able to secure many deals for clients that day, but if you were applying on your own chances are you failed.

Now you would expect us to say this, but this type of market is when you need a broker on your side and if you use one like John Charcol, you will get the very best service the market has to offer.

There are no hard and fast answers on how to deal with this market, so we strongly advise you to pick up the phone and talk to us about your remortgage.  We will use our influence as the UK’s biggest mortgage broker to make sure you get the rate you want before it disappears off the shelves.

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