Remortgage

People usually remortgage to get a more competitive mortgage or to switch mortgage plan types, for example – variable to fixed rate.

When a mortgage rate comes to the end of its ‘initial period’, it is likely that your monthly mortgage payments will increase as you slip into the mortgage provider’s ‘Standard Variable Rate’. At Morgan Knightley, we will contact you three months before your deal finishes, to find you a better, competitive rate in effort to keep your costs to a minimum. 

This is also great time to reassess your life goals to ensure that your current mortgage is set up correctly for your needs. We can help you switch you from interest only to a full or part capital and interest mortgage, borrow additional funds for home improvements or debt consolidation and even look into reducing your mortgage if you have any savings or inheritance, (with our qualified affiliated companies).

Your home may be repossessed if you do not keep up your repayments on your mortgage or any others debts secured on it.