Selecting the right mortgage or remortgage is not always easy and with literally thousands of different mortgages to choose from, it can be difficult to determine which one is the most suitable for you.
Choosing between a fixed rate, where your repayments are guaranteed to remain the same for a set period,
or a variable rate
- perhaps a discount or a tracker - where repayments can go up or down, can be tough.
Buying a new home or remortgaging your existing home are probably the most important financial decisions
you will make, so it is important you get the best mortgage deal for your
individual circumstances.
We make re-mortgaging as simple as possible.
To get a good idea of what is available, many home buyers use the services of an independent professional broker. Swoop Finance are Independent Brokers and cover the whole of market. We are not tied to any one mortgage lender, which means we can search the entire market on your behalf to find you the best mortgage deals.
If your mortgage requirements are not straightforward, for instance if you are self employed or have an impaired credit history Swoop Finance can help as they have access to exclusive products not available directly from the lender and will know which lenders will be sympathetic to your situation. It is also sensible to use the services of a broker even if your mortgage needs are very simple, the process of arranging finance to purchase your home can be a daunting process and Swoop Finance can take a lot of
the stress out of the process by guiding you through the mortgage maze.
Remortgaging is increasingly popular due to the relatively simple and flexible process. A remortgage is exactly what the name suggests; you switch your mortgage to a new lender, sometimes reducing monthly payments. Basically a remortgage is when you transfer your existing mortgage agreement to on another lender.
By remortgaging your house, you could save significant amounts on your monthly payments. Swoop Finance can review your current mortgage and if you are being charged an excessive rates of interest, compared with other lenders we can recommend an alternative lender to you.
Why switch your mortgage?
There are various reasons why somebody remortgages. Often it is a cost saving exercise to reduce the monthly payment, although more and more one sees it like manner of consolidating debts and of reducing the total outgoings of household each month. One of the most common reasons of remortgage is to reduce costs by the change at an interest rate lower than their current lender.
Another reason with the remortgage is in order to raise additional money. Due to the fast rise in values
in property during these last years, many of peoples mortgages are well below their current price of the house.
Current or past mortgage arrears, CCJ's or defaults?
Customers for variuous reasons at no fault of their own sometimes get into arrears on their mortgage payments or they might have CCJ's and defaults registered against them on their credit file.
One you have mortgage arrears, CCJ's or defaults most high street bank's automatically decline a clients remortgage application as they are outside of their lending criteria.
The advantage of borrowing the money against your property is that the rate will be almost certainly better than if you have a personal loan. Arranging a remortgage can be surprisingly simple when Swoop Finance look after the process for you. There is no chain of the purchasers to worry for, thus the whole process can often be supplemented in a few weeks. The process remortgage of the beginning to the completion can take as little as 2-6 weeks. In terms of costs there is no stamp duty to pay, because you are not buying a property. Many lenders will pay some or all your legal and valuation fees. In certain cases there can be fees of arrangement or fees of reservation with the new lender which can be added to the loan
Swoop Finance treat each client of ourclients as individuals. Swoop Finance are here to assist and make your mortgage application as smooth as possible.
So why use Swoop Finance?
Being directly authorised by the FSA we have access to exclusive deals offered by lenders/packagers that are not
normally available on the high street or to all brokers. A mortgage is biggest financial commitment for most people so you need to get it right first time.
We are here to make your life easier so ask Swoop Finance to help you find the best mortgage for your individual needs. Our clients will deal with a fully CeMAP qualified mortgage advisor who will work with you to
find the best mortgage for your individual needs.
Our advisor's will do their very best to keep you fully informed on the progress of your case at each stage:
- Our clients are under no obligation whatsoever
- There is a small admin but no broker fee for online clients
- You can cancel your mortgage application at any time up to completion without any penalty
How to get your free mortgage quotes
You just need to enter some basic information into our Online enquiry form and we will search the entire UK mortgage market of products. We will present you with illustrations of the best mortgage deals available.
Or if you prefer, you can call a fully trained mortgage advisor free on 020 7700 9992. It will only take a few minutes of your time today but could save you thousands of pounds in interest payments.
Your home maybe repossessed if you do not keep up repayments on your mortgage
or any other debt secured on it. |
