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The Remortgage Guide: CMME Complete Guide to Remortgaging

You could be wasting hundreds of pounds each year on an unfavourable Standard Variable Rate (SVR), remortgage could be the solution. 

Many clients have been content to let their initial fixedtracker or discount product rate expire and move on to the lender’s SVR, only really reviewing the mortgage when rates start to increase. This contractor remortgage guide could make your options more clear.

The option to remortgage may provide a better solution; rather than paying the standard variable rate of your current lender.  

Remortgage Guide

There are many reasons contractors, business owners and independent professionals may want to remortgage. The mortgage market is ever-changing, and it could be that you’re paying a higher rate than you need to. The original low-interest rate you took out may have changed and now a different mortgage cost could leave you out of pocket. 

A mortgage review will look at what you’re currently paying and run a comparison against what else is out there in the mortgage market. 

What’s in the Remortgage Guide? 

  • Why should you remortgage?  
  • There is never a bad time for a mortgage review however there are a few reasons why you might prioritise one now. 
  • The types of mortgages available?  
  • From fixed rate to tracker to discount, there are lots of different mortgage types available – we’ll explain those here  
  • How the remortgaging process works 
  • Step by step, CMME keeps it simple, so you don’t have to stress about remortgaging your property 
  • Get professional advice 
  • Advice from the experts is instrumental to any mortgage decision 

You can also check out this Q&A with a CMME Senior Mortgage Advisor for more information on remortgaging as a contractor 

Try our Calculator

Could you save through remortgage? Or raise additional funds for debt consolidation or home improvements? Try our remortgage savings calculator to see how much you could potentially save. 

Remortgage Calculator

Use our remortgage calculator to work out if you could save on your mortgage repayments by switching to a new mortgage deal.

Your new yearly difference interest is*

£ 0

 *Provided only as an estimate and rates correct at date of publication 

This is based on a new 2-year fixed rate interest only mortgage with Virgin money at an interest rate of 0.94%

Our remortgage savings calculator is a great first step for any independent professional who’s thinking of remortgaging.

Additional rates and products are available; for a more accurate and detailed quote, that’s tailored to your independent professional circumstances, book a call back by pressing the button below or call one of our specialist advisers on 01489 555 080.

Current monthly payment
New monthly payment
Monthly difference
Yearly difference
Repayment
Current monthly payment
£ 0
New monthly payment
£ 0
Monthly difference
£ 0
Yearly difference
£ 0
Interest Only
Current monthly payment
£ 0
New monthly payment
£ 0
Monthly difference
£ 0
Yearly difference
£ 0

You can view other mortgage rates on the CMME best buy rates table here 

Next steps

To get more information or to speak to our expert team contact us on 01489 555 080 or email us at enquiries@cmme.co.uk 

To download your own version of this guide with even more information and tips please enter your email below.










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    We'll always treat your personal details with utmost care, and will never sell them to other companies.

    We'd like to send you updates about products and services, promotions, exclusive offers, news and events from CMME by email, SMS, phone and other electronic means. You can unsubscribe at any time by contacting us through email, telephone or post.