Renew My Mortgage

12/07/2023

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝗿𝗲𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗶𝗻𝗴 𝗮 𝗕𝘂𝘆 𝘁𝗼 𝗟𝗲𝘁 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆?

The main benefit of remortgaging your Buy to Let is to save money on your monthly repayments. If you don’t act when your fixed rate deal ends, your lender will move you to the expensive standard variable rate, putting your mortgage payments up significantly.

Around six months out from the end of your deal, talk to a mortgage broker to seamlessly transfer to a new mortgage product when your product ends. Find out more:

It’s important to look at remortgaging your Buy to Let around six months before your current deal is set to end. Don’t let your lender put you on the expensive standard variable rate. Craig explains…

10/07/2023

People often think they’re stuck with their current mortgage deal because they have bad credit. But in fact, you may be able to switch to a more suitable product, even with fairly serious credit problems.

Craig explains all in this podcast:

Worried you can’t remortgage because you have bad credit? That’s not the case, as Craig explains in this podcast. Renew My Mortgage is here to help you explore the options.

05/07/2023

If your mortgage deal is coming to an end in the next few months, by improving your credit score you can have a better chance of finding a good remortgage deal. Take time to:

Set up direct debits to cover loan and credit card repayments
Stay under 50% of your credit limits
Don’t apply for new finance in the months running up to the remortgage.

For more about bad credit and remortgaging, listen to this podcast: https://renewmymortgage.co.uk/bad-credit-remortgage/

24/06/2023

One way to get on top of your debts is to remortgage for debt consolidation. While this can reduce your monthly spending, it can mean that you are putting your home at risk.

This podcast explains how debt consolidation works and the pros and cons: https://renewmymortgage.co.uk/remortgage-for-debt-consolidation/

21/06/2023

𝗪𝗵𝘆 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗿𝗲𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝘄𝗵𝗲𝗻 𝗺𝘆 𝗳𝗶𝘅𝗲𝗱-𝗿𝗮𝘁𝗲 𝗱𝗲𝗮𝗹 𝗶𝘀 𝗲𝗻𝗱𝗶𝗻𝗴?

When your deal is coming to an end, it's important to look at remortgaging, if you don't do anything you will move on to the lender’s Standard Variable Rate (SVR), which is generally not the best rate on the market.

Listen to our latest podcast episode for more information https://renewmymortgage.co.uk/how-does-a-remortgage-work-back-to-basics/

19/06/2023

A product transfer is where you take a new mortgage product with the same lender. With a remortgage, you’re switching both lenders and products.

A product transfer is fast and simple - with no credit checks or documents needed. But you might not be getting the best deal.

On this podcast Craig explains how product transfers work, the pros and cons and how Renew My Mortgage can help you decide what’s right for you. https://renewmymortgage.co.uk/product-transfers/

17/06/2023

𝗛𝗼𝘄 𝗱𝗼 𝗜 𝗿𝗲𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗮 𝗕𝘂𝘆 𝘁𝗼 𝗟𝗲𝘁?

A Buy to Let remortgage is straightforward to organise and could save you money on your monthly repayments. Never let your lender move you onto their standard variable rate - that will cost you much more each month and reduce your profits as a landlord.

Find out more: https://renewmymortgage.co.uk/buy-to-let-remortgage/