Remortgaging Made Simple: Expert Advice
Mortgage services are referred to a regulated adviser. Your home may be repossessed if you do not keep up with repayments on your mortgage.
Unlock Your Financial Future with a Remortgage
Is your current mortgage holding you back? Feeling like you're stuck with high interest rates or unfavorable terms? Goodniss Remortgages is here to help you connect with experts who can unlock a brighter financial future.
We understand that navigating the remortgage market can be complex. That's why we operate as a dedicated referral service, connecting you with a network of trusted, independent mortgage advisors. We don't offer the mortgages ourselves; instead, we act as your first port of call, taking the time to understand your unique circumstances and financial goals.
Whether you're looking to:
Reduce your monthly payments
Consolidate debt
Release equity
Or simply secure a more competitive rate
And don't forget to review your Home Insurance Cover, especially if you plan to use equity release funds for major home improvements.
Goodniss Remortgages can put you in touch with the experts who can make it happen.
Our service is designed to save you time and effort, streamlining the process of finding the right remortgage solution for you.
To safeguard your ability to meet your monthly repayments in case of death or illness, ensure you also have the necessary Life Insurance and Income Protection policies in place.
Let Goodniss Remortgages be your first step in finding your guide to a better mortgage deal.
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Reasons to Consider Remortgaging (Better Rates, Debt Consolidation)
A regulated mortgage adviser from our network can help you understand when remortgaging might be beneficial. They can discuss:
Getting a Better Deal:
They will assess if you're eligible for a better rate, especially if interest rates have recently changed, or if you're on a Standard Variable Rate (SVR) mortgage. They will also advise you on any early repayment charges (ERCs), as these could mean it's not worthwhile to switch your current deal.
Remortgaging for Debt Consolidation:
Your adviser can discuss how remortgaging might help to consolidate any outstanding debts. They will explain how repaying other finance agreements with money from your home could potentially result in a lower overall rate or a more streamlined financial situation.
Remortgaging with Varied Credit History
Remortgaging with Varied Credit History
If your credit history isn't perfect, a regulated mortgage adviser from our network can discuss your options. They can explain that while High Street lenders may be more challenging to get approved with, specialist lenders often provide products tailored to more specific circumstances.
Exploring Alternatives (Secured Loans and Second Charge Mortgages)
Exploring Alternatives to Remortgaging
Your regulated adviser can also discuss other ways to release equity from your home without remortgaging. They will explain options such as second charge mortgages (often referred to as secured loans). Your adviser will clarify that these are loans secured against your property, typically second in priority to your main mortgage. They will also advise that you often need at least 15% equity in your home to qualify and, crucially, that because it's secured against your home, there is a risk of repossession if you don't keep up the payments.
Understanding the Pros and Cons of Remortgaging
A regulated mortgage adviser will discuss the benefits and risks of remortgaging with you. They can explain how remortgaging might allow you to free up cash if you're looking to fund an expensive purchase or ease financial difficulties, and potentially help you get a better deal on your current mortgage. However, they will also outline the risks involved, including that your home is at risk if you don't make the repayments, and that new product fees and early repayment charges need to be carefully considered alongside a potentially better rate.