Which Remortgage Companies Do You Use?

We aim to give you a cross section of the best of the available market, so that you get a good idea what your options are. To this end, we feature both high street lenders and a selection of adverse credit lenders, catering to the needs of a variety of people.

When shopping around for a remortgage, you’ll naturally want to try as far as possible to get yourself the best deal available. Whether you’re looking to remortgage specifically to get a better deal, e.g. one with lower rates, lower monthly payments or a shorter term, or are looking to obtain further funding for whatever purpose, you should check out what the market has to offer and get an arrangement that best suits you and your finances.

Lenders

Different lenders cater to a huge range of different consumers’ needs. The selection of different remortgage types is larger than you might think, with repayment remortgages coming in a huge variety of payment plans.

The basis for your choice between remortgages will likely come down to the rates and payment options.

Rates

Rates vary across the different lenders remortgage deals, so be sure to check them out while shopping around.

Interest rates will be one of the main deciding factors in whether a remortgage deal is a good one for you. Fixed rates for set periods give you the security of knowing what your monthly bills will be at least in the beginning. Variable rates come in many different forms also, whether tied to the Bank of England base rate or not, and allow you to balance cost and security in various ways.

Payment

Different lenders offer a range of payment plans and options, so it pays to familiarise yourself with these and get a deal that suits your own situation.

Flexible remortgages allow for varying under and overpayments for people with variable income or who want to aim to pay their mortgage off early. However they require disciplined financing and many people therefore prefer to pay a set amount each month in the peace of mind that they are working towards paying their lending off.

Adverse

If you’ve had a bad credit record in the past, you may find that many of the mainstream remortgages are either not available to you or will not offer you favourable rates. A huge number of adverse credit lenders are now offering remortgages to people who’ve perhaps had a less than perfect credit history, however you should be sure to only consider the deals from the more reputable companies as there are sadly many who will attempt to exploit your situation.

Compare

The best way to get a feel for what the different lenders will offer you is to use a comparison tool, as you can quickly arrive at a rundown of what is available, prioritising on what your own particular needs are.

Also, it definitely pays to make use of tools such as remortgage calculators and get the best sense possible of what the impact of a remortgage will be on your finances.