Mortgage deal coming to an end?
Hi I’m Nicola and I’ll be your first point of contact at Cooper Rose. I can’t wait to put you in touch with our friendly, knowledgeable and impartial advisors.
P.S. Don’t worry if you’re not sure about remortgaging, we’re happy to help!
Your mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up payments on your mortgage or any other debt secured against it.
Think carefully before securing any other debts against your home or property. The Financial Conduct Authority does not regulate some forms of Buy to Lets.
Welcome to Cooper Rose
Remortgaging can be stressful, especially in uncertain times. We love nothing more than getting people a new mortgage product, whatever the requirement.
There’s a lot to go through, and sometimes things can get difficult, but we’ll be with you every step of the way.
Your Remortgage
Whether it’s for a remodel of the kitchen or a full on extension, there are options allowing you to release capital from your property to fund improvements.
If you need help with budgeting for the future we can look to release capital to pay off your current debts. This often allows for a smaller, more manageable, monthly payment.
If you would like some extra funds to cover eco friendly improvements like solar panels or heat pumps, there are lenders who offer specific deals for such improvements.
How It works?
We're aware of how important your mortgage is to your ongoing financial health. If you're at all worried about anything at all, just give us a call. We're happy to advise on your circumstance, no question is too small and definitely not trivial (plus you're safe with us, we've heard it all before 😉).
Call, email or send a message on our social channels. We will be back in touch with you as soon as possible to get some basic info to enable our super star advisors to hit the ground running.
One of our lovely team (see below) will spend some time getting to know your circumstances. We will then find the most suitable mortgage and protection products based on your circumstances.
This is the exciting part!... Once you're happy with everything we have presented, we will then send off to the lenders. It won't be long until we have that all important Decision in Principle.
Remortgage FAQs
No question is too small and definitely not trivial, so if yours isn’t answered here, just give us a call.
Around six months before your current deal ends. Some lenders let you secure a new rate that far ahead.
If your deal ends with nothing new in place, you’ll usually move onto your lender’s standard variable rate, which is often higher. If that’s already happened, get in touch and we’ll look at your options.
A remortgage means moving to a new lender. That involves a full application, affordability checks and usually a solicitor.
A product transfer means taking a new deal with your current lender, which is usually simpler. We’ll look at both and tell you which suits you better.
Possibly, if you have enough equity in your home and meet the lender’s affordability checks. Equity is the part of your home you own outright: what it’s worth, minus what you still owe on the mortgage.
People often borrow more for home improvements or to pay off other debts.
Moving debts onto your mortgage can mean paying more in total, because you’re paying them back over a longer time.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Moving to a new lender can mean arrangement, valuation and legal fees, although some deals don’t charge all of these. Leaving your current deal early can also mean an early repayment charge.
We’ll check all of this before we recommend anything.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £395 to £595 and this will be discussed and agreed with you at the earliest opportunity.
A new lender will usually do a full credit search, which stays on your file for 12 months. One search on its own usually has only a small effect.
A product transfer with your current lender often needs only a soft search, or none at all. If your credit has changed since you took out your mortgage, let us know when we first chat.
The Cooper Roses
CeMAP Qualified
Owner | Mortgage & Protection Advisor
CeMAP Qualified
Mortgage & Protection Advisor
Mortgage & Protection Administrator
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