Remortgage and tips - CMME Mortgages and contractors

Nixon Williams Remortgage

How much could you borrow?

Considering switching to a new mortgage deal?

  • Whilst mortgage rates have generally increased in response to the recent base rate rise, you could still be likely to find a better deal than you have today, especially if you’re sat on a standard variable rate (SVR) which is vulnerable to rate increases at any time.  The base rate rise has already triggered lenders to launch new deals, both to retain existing customers and attract new borrowers – check out our deals above and see how much you could save 
     
  • If switching to a new lender, they will want to assess your affordability, income and bank statements as they don’t know you like your current lender does. If you have complex or irregular income, it may be worth using a specialist broker to ensure the lender takes a holistic view of your income and borrowing potential
     
  • Don’t overlook exit fees and early repayment charges, but depending on when you last fixed your deal, it may still be worth switching and paying the penalty to your current lender, as you could still make savings. This is especially true if you have already moved onto your standard variable rate, as it is highly likely you could obtain a lower rate with your current lender or a new lender
     
  • Opting for a fixed or variable rate is down to personal choice and circumstances.  A fixed rate guarantees security against rising interest rates but carries early repayment charges for exiting the deal early. Most variable rate mortgages, with the exception of discounted variable, do not have early repayment charges at any time and therefore offer flexibility to repay your mortgage or change lender with no penalty. It is important to take advice and shop around yourself or use a specialist broker

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Speak to a CMME consultant today.  Complete the form telling us when’s the best time to contact you, or call us direct on01489 555 080, reference Nixon Williams.









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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.