Remortgages
Coming to the end of your current mortgage deal? Or simply wondering if there's a better option available?
At Burrows Financial Services, we'll help you review your existing mortgage, understand your options and find a suitable deal for your circumstances.
From comparing mortgage rates to managing the application, we'll make the process as straightforward as possible.
Did you know?
You can often arrange a new mortgage deal up to six months before your current one ends, giving you time to review your options without rushing into a decision.
Is your mortgage deal coming to an end?
If your current mortgage deal is coming to an end, it's worth reviewing your options sooner rather than later.
When a fixed-rate or other introductory mortgage deal expires, you'll usually move onto your lender's standard variable rate (SVR) unless you've arranged a new deal. This could mean paying more each month.
The good news is that you don't have to wait until your existing deal finishes to start looking. Many lenders allow you to secure a new mortgage deal several months in advance.
We'll review your current mortgage, explain the options available and help you decide whether staying with your existing lender or switching to a new one makes the most sense for you.
What are my remortgage options?
When it's time to review your mortgage, there are several options worth considering. The right choice will depend on your current deal, your circumstances and what you'd like to achieve.
Stay with your existing lender
You may be able to switch to a new mortgage deal with your current lender, known as a product transfer. This can sometimes be a simpler process, with less paperwork and fewer checks.
Switch to a new lender
Moving your mortgage to another lender could give you access to different rates and products. We'll compare the available options taking into account the fees and overall costs.
Borrow additional funds
Depending on your circumstances, you may be able to borrow more against your property for home improvements or other purposes. We'll explain the options and what they could mean for your mortgage.
Could remortgaging save you money?
If your current mortgage deal is coming to an end, reviewing your options could help you avoid moving onto a more expensive rate.
But a lower interest rate doesn't always mean a cheaper mortgage overall. Arrangement fees, early repayment charges and the length of your mortgage can all make a difference.
We'll compare the available options, explain the costs involved and help you understand how a new deal could affect your monthly payments.
Interest rates
The rate that affects your monthly repayments.
Mortgage fees
Fees that may apply when arranging a new mortgage deal.
Mortgage term
How long you have to repay your mortgage.
Early repayment charges
Potential costs of leaving your current deal early.
The lowest interest rate isn't always the cheapest mortgage overall. We'll help you understand the full picture before making a decision.
How does the remortgage process work?
Remortgaging doesn't need to be complicated. We'll explain your options, handle the paperwork where needed and keep you updated throughout.
1
Initial review
We discuss your current mortgage and what you'd like to achieve.
2
Compare options
We look at suitable deals, including options with your existing lender.
3
4
Your decision
Application
We explain the costs and help you to decide how to proceed.
We manage the application where required and keep you informed.
5
New deal
Your new mortgage deal takes effect at the agreed time.
We'll keep you informed throughout, so you always know what is happening and what comes next.
Why choose us for your remortgage?
Remortgaging isn't just about finding a new interest rate. It's about making sure your mortgage still works for you.
At Burrows Financial Services, we'll take the time to understand your circumstances, explain your options clearly and help you make an informed decision.
We're a friendly, local mortgage brokerage helping clients across Poulton-le-Fylde, Blackpool, Lytham St Annes, Preston and the wider Fylde Coast.
With flexible appointments, regular updates and support throughout the process, we're here to make reviewing your mortgage as straightforward as possible.