If you’re approaching the end of your fixed mortgage term and you want to look at the possibility of Remortgaging in Sheffield, you’ve landed in the right place!
A Remortgage is where your mortgage advisors in Sheffield looks at your current deal and helps you switch to one with more favourable interest rates.
During our twenty years of working as a mortgage broker in Sheffield, we’ve become Remortgage experts. We’ve managed to help thousands of customers secure competitive Remortgage deals that were perfect for them.
Our Remortgage Advisors in Sheffield will search through 1000’s of Remortgage deals on your behalf. If they find a great deal that matches your personal and financial situation and you are happy to proceed with the deal, we can get the ball rolling and get your Remortgage application submitted.
Our Mortgage Advisors in Sheffield want the best for you and will always recommend that you choose your best option. If your best option is to stick with your current product, our Mortgage Advisors in Sheffield will tell you so.
We strongly recommend that you take advantage of our free Remortgage consultation. Getting a free mortgage review could potentially allow you to access a better mortgage rate which could end up saving you money further down the line. Get in touch with your mortgage broker in Sheffield today. We are available from early until late, we’ll be ready to take your call!
A remortgage in Sheffield is when you replace your existing mortgage with a new one, either with your current lender or a different one. This can help you get a better deal, lower your monthly payments, or release equity from your property.
Remortgaging in Sheffield can offer several benefits, including potentially lower interest rates, reduced monthly payments, access to equity for home improvements, and the opportunity to consolidate debt. It's a way to make your mortgage work better for you.
While remortgaging in Sheffield can offer the possibility of consolidating unsecured debts into your mortgage, it's essential to weigh the potential consequences. This approach could lead to extended mortgage terms and higher monthly payments, potentially putting your home at risk.
You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.
Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.
A free remortgage review in Sheffield involves a mortgage advisor assessing your current mortgage and financial situation. They'll explore options to find a better deal that suits your needs. This service helps you understand if remortgaging is advantageous for you and what savings or benefits it can provide.
Ontop of providong expert mortgage advice in Sheffield, our team will meticulously search through a wide range of remortgage deals, aiming to find the ideal one that suits your needs. Throughout the process, we maintain complete transparency to ensure you make well-informed decisions.
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Jason and Stacey were great, informative, helped us save money and best of all super quick and responsive. Would recommend to anyone looking to buy their first or next house!!
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I have used Sheffield Moneyman three times, 2 new house purchases and one remortgage. Every time they have been very helpful, great at explaining the ins and outs of each option and are really good at keeping me up to date as the mortgage...
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Chris was a fantastic no-nonsense guy. We contacted him a year ago however we changed our minds then, he promised to contact us another year and we were surprised he did. He put us at ease and took him time to go through everything we needed. We...
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I went to Malcolm for advice as my mortgage was up for renewal and I wanted to discuss other options. Both Malcolm and Lyndsey have been extremely helpful and informative throughout. I will definitely be using them again in the future.
6 months ago
Keeley
Massive thank you to Charlie and the rest of the team at UK Moneyman for helping us get our first mortgage. They went through everything in detail and explained things further when we needed them to. Couldn’t have done it without them
6 months ago
Millie
Very very good service. 5 Stars. Everybody was super helpful, from start to finish. Made a stressful situation so much easier!
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Jordan
We have nothing but great things to say about Sheffield Money Man. Hugely helpful, personalised advice for our complex situation. Everybody we spoke to was incredibly helpful. We would 100% recommend them to our friends and family.
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This is the second time we’ve used Sheffield moneyman and couldn’t recommend them highly enough. They put their customer needs first, are kind, open and friendly and of course first class for finding mortgages:)
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Happy with the service received from Meghan and Tom. Helped my partner and I secure a mortgage offer during the most difficult economic time seen in decades. Took a lot of the worry and concern away from us and available to offer carefully guided...
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Wendy and Jason couldn’t have made this process any easier for us. Quick replies and chasing the lender and solicitor on our behalf. We got the best deal we could have hoped for which really will be life changing for us and our daughter. Thankyou...
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From the very start, Charlie was an absolute god send. Took his time explaining every detail of the process and was very upfront about what timescales were going to look like. Even when he was away on holiday, still took time to drop me a quick...
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These are a fantastic mortgage brokers, they are very knowledgeable and break it down so you understand everything. They keep you up-to-date all the time with anything that happens. They have saved us quite abit of money too. They been...
11 months ago
Emily
Tom, Chloe and the team have all been very helpful in securing us a mortgage! They explained the process extremely well as we are first time buyers and so didn't know what to expect. They were always prompt with their responses and were happy to...
1 year ago
Upon reaching out to us, our mortgage advisors in Sheffield will thoroughly evaluate your affordability, requesting crucial details about your income and expenses.
Subsequently, our diligent team will sift through a vast array of remortgage products, aiming to identify the most fitting deal tailored to your needs.
Upon accepting the offer, you can count on our dedicated professionals to handle the submission of your complete mortgage application and all essential supporting documents to the lender.
Furthermore, when the time comes for your next remortgage in Sheffield to be renewed, we will proactively reach out to ensure you are always on the most suitable deal available.
Towards the end of your initial fixed period for your mortgage in Sheffield, you’ll need to start looking at your options.
Typically, people will look to obtain a Remortgage, as at this point, you will find yourself automatically switched onto your lenders’ SVR, Standard Variable Rate.
This interest rate for an SVR will usually be higher than your initial fixed period, which will serve to increase your monthly mortgage repayments.
This is why it’s a popular choice to seek Remortgage Advice in Sheffield at this point in time.
We have worked hard to help a vast variety of customers release equity from their homes as a means of funding any home improvements.
These are usually for rather large planned improvements, such as a home extension, a new kitchen remodel, or a conversion to the loft space.
If you would like to look at your options to release a large amount of equity to fund any new home developments, such as an extension, there are some mortgage lenders who may ask you to show any quotations you’ve received for the work costs.
Consolidating unsecured debts into your mortgage is a potential way that you could merge all your outgoings into a manageable and more consistent monthly payment.
It is important to note though that doing this will extend your debt over the course of your mortgage term and will result in you paying more overall. There’s a lot you need to look into before going into debt consolidation.
With this in mind, we would highly suggest that you speak to a Mortgage Broker in Sheffield prior to securing any debt against your main asset, in this case being your home.
You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.
Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.
If you are a co-owner of a property in Sheffield and are looking to take a name off the mortgage, you will need to look at getting a Remortgage to see this achieved.
Even if you choose to stay with your existing lender, you’ll find yourself encountering a similar process. This is because the lender needs to have confidence that the person still on the mortgage is creditworthy, and is still able to afford the mortgage.
For more information and support regarding common Remortgage scenarios, please take a look at our Remortgage guides section or get in touch with one of our mortgage advisors in Sheffield.
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Sheffieldmoneyman.com & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Sheffieldmoneyman.com & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
