The truth about remortgaging with Complete Mortgages

Friday, 15th May, 2020
guildford mortgage broker

For many, getting a remortgage can be a daunting process. Add a global pandemic into the mix and it can all be all too easy to pull down the shutters, stick your head in the sand and make do with the standard variable rate mortgage (SVR) – even if just for a little while.

Honesty is always the best policy, so I’d like to start with a couple of simple truths.

First truth: arranging a remortgage with a mortgage broker is easy

Well, it should be – if you’ve picked a good mortgage broker.

As we’ve mentioned before, all of our clients receive a call from one of the Complete Mortgages team well in advance of defaulting onto the SVR. However, we’re a proactive mortgage broker – and not every mortgage broker is the same. Those already with Complete Mortgages will never find themselves defaulting onto the SVR. Those who aren’t with Complete Mortgages – and who might be inclined to put off dealing with their mortgage until Covid-19 is behind them – needn’t worry, either.

Our team of remortgage experts will be able to identify a new mortgage that suits you very quickly. The only thing you need to do is pick up the phone and call 01483 238280 or email me us info@complete-mortgages.co.uk.

Second truth: we will only suggest you change lender if it’s in your interest

If it’s not, we won’t – and if that happens, you’ll have had FREE mortgage advice as you won’t have to pay a fee.

If, after searching for a better mortgage deal, we deem that staying with your existing lender is the right option for you, then there’s no fee and minimal paperwork involved in jumping onto another mortgage. You’ll also have the peace of mind and protection associated with using a mortgage broker in coming to that decision. If another lender offers a more competitive mortgage deal, then we’ll manage the entire process for a fee of £399.

Hasn’t Covid-19 changed all this?

Yes and no.

If you’re simply looking to remortgage or explore your options when it comes to getting a new mortgage, then our virtual mortgage broker service means that you don’t need to meet us face-to-face as we can do it all over the phone. You can read more about that here.

If you’re an existing Complete Mortgages client who’s considering a mortgage payment holiday then we can advise you on this. Similarly, if you’re an existing Complete Mortgages client who’s considering a mortgage payment holiday AND is due to remortgage, then we can address it all in one call. If you’re not an existing client but would like help with a remortgage – or just general mortgage advice – then get in touch.

Don’t let Covid-19 put you off saving money on your mortgage. We’re a Guildford mortgage brokerage that can get you the best mortgage deals and help you tick ‘sort new mortgage’ off your to-do list in no time. Contact me on 01483 238280 or email ben@complete-mortgages.co.uk.

When is the right time to remortgage?

Wednesday, 5th June, 2019
when is the right time to remortgage

Before I answer that question, if you’re still at the stage where you’re wondering ‘is remortgaging right for me?’ then you might want to read our article entitled should I remortgage?

If you’re fully up to speed on the potential benefits of remortgaging, then read on.

Complete Mortgages is a mortgage broker in Guildford, which not only has clients in and around Guildford (the whole of Surrey, in fact), but also those situated throughout the UK.

Yet regardless of where our clients live, they ALL have something in common, which is that they will be contacted around four months before their current mortgage deal ends and alerted to the fact that they are about to fall onto the standard variable rate mortgage.

We do this not because we’re a team of pushy mortgage brokers, but because if we can save our clients money by helping them to get a better mortgage deal as a result of simply offering a good mortgage brokerage service, then a) we will be partly responsible for making a customer happy, and b) good service helps retain good clients. Other excellent mortgage brokers do it – many don’t.  If you’re in the process of finding a good mortgage broker, then always make sure to ask them if that’s a service they provide as standard.

However, if you’ve come upon this article and you’re not one of our customers, the title of this article may well resonate with you – and the answer is, give or take, four months.

Why four months? Firstly, because getting a new mortgage can sometimes take longer than you think and secondly, why put yourself through all that last minute stress and panic by leaving it to the last minute.

Allowing yourself enough time to move comfortably from your existing mortgage to a new one will have a huge psychological benefit and help you on your path towards getting a stress free mortgage.

Of course, if you really want stress free mortgages then my advice is to use a trusted mortgage broker, who will not only let you know when it’s time to start looking for another mortgage, but also do the looking (and the applying) for you.

Complete Mortgages’ proactive remortgage approach doesn’t just apply to one type of mortgage, but all mortgages – from first time buyer mortgages and buy to let mortgages to limited company buy to let mortgages and even commercial mortgages. If you’re a customer of ours and are coming to the end of your mortgage term, then expect a call. If you’re not, but you like the idea of us – and not you – doing the hard work when it comes to applying for a mortgage, then call a member of the Complete Mortgages team on 01483 238280 or email info@complete-mortgages.co.uk.

By Mark Finnegan, Director at Complete Mortgages

New Year, New Mortgage (but don’t leave it too late)

Monday, 29th January, 2018

Now that the New Year is fully underway, we’re urging our clients to start taking steps towards getting a new mortgage.

Whilst there are still a few lenders that are yet to increase their rates in line with the recent interest rate rise, the majority have already done so. Now, if you’re on a fixed rate mortgage then this won’t affect you.

However, if you’re currently on the standard variable rate (SVR) – or are about to enter the realms of the SVR – then this may be of interest.

1. Some lenders still haven’t raised their rates

For those who haven’t been thinking about their mortgage and what the interest rate rise means for them over the last few weeks, there’s still time to switch to a pre-interest rate rise mortgage deal – but you’d better be quick.

2. Beat the New Year rush

Whilst 2018 is in full swing, it can often take a few weeks before people start to really think about their next mortgage move. In fact, sometimes it’s February before the mortgage market really gets going. Put simply, if you act fast we can get you ‘mortgage-ready’ before everybody starts to want to do the same thing.

3. To rise or not to rise

There is already speculation that the next interest rate rise could come as early as May 2018, which means that if you haven’t already noticed the difference to your monthly mortgage repayments, then you may well do if the next interest rate rise comes as early as spring.

As a Guildford mortgage broker that has been in business since 2005, we’re still amazed to see the reaction on our clients’ faces when we explain how easy it is for them to remortgage. It’s even easier if you let a reputable mortgage adviser manage the process on your behalf.

So, if any of the three points raised here are relevant to you and you feel that you’re ready to remortgage – or at least you’re thinking about remortgaging in 2018 – then call us so that we can get your mortgage application underway.

Even if you aren’t looking to remortgage and simply need to arrange a mortgage, either for the first time or on a new property, then call us on 01483 238280 or email info@complete-mortgages.co.uk.

Remember, we also specialise in buy to let mortgages, commercial mortgages, limited company buy to let mortgages, equity release mortgages and adverse credit mortgages.

By Mark Finnegan, Director at Complete Mortgages