Remortgage Advice & Best Deals in Poole
Looking to save money on your mortgage, release equity, or switch to a better deal? At Bay Mortgages in Poole, we provide expert remortgage advice tailored to your needs. With access to the whole market, we can help you find the most competitive rates, guide you through the application process, and handle all the details—so you can enjoy lower payments or extra funds with confidence.
What is a Remortgage?
Re-mortgaging involves switching your existing mortgage to a new deal, often with a different lender. This process can help you secure a better interest rate, reduce monthly payments, or access equity in your home. To remortgage, you'll need to assess your current financial situation, compare available mortgage options, and submit an application. It's essential to consider any fees associated with remortgaging to ensure it aligns with your financial goals.
Why should you Remortgage?
Remortgaging Could Save You Money:If your current mortgage deal is ending, your lender may move you to a higher standard variable rate. Remortgaging could secure you a lower interest rate, helping you save hundreds—or even thousands—over the life of your loan.
Remortgage to Release Equity:Need funds for home improvements, debt consolidation, or another big expense? Remortgaging can allow you to release some of the equity in your home, turning it into cash without needing to sell your property.
Switching to a Better Interest Rate:Even if you’re not near the end of your deal, switching to a better interest rate could still be an option. We’ll review your circumstances, check for early repayment charges, and find out if switching now makes financial sense.
How Re-Mortgages Works
Home mover mortgages are designed for individuals looking to buy a new home while selling their current one. This type of mortgage allows you to take out a new loan to finance your new property, often based on equity you have built in your existing home. It's important to carefully evaluate your budget and repayment options, as well as consider the timing of your sale and purchase to avoid any gaps in financing. Consulting with a mortgage advisor can help you navigate this process smoothly.
Initial Consultation - finding out your goals, income, deposit, credit picture
We can search for the best mortgage rates available on the market and identify the most cost effective solutions for you.
We will compare deals from the market, explaining the pros/cons in plain English
When you are ready to proceed we will take care of the full mortgage application for you. Our team will process your application until the mortgage offer is issued.
Getting your mortgage approved in principle - We take care of this and will secure your mortgage approval.
The Bay team then won't leave your side until all the legal work is complete and your new mortgage deal commences.
Why Choose Us?
Gain exclusive access to a wide range of mortgage options tailored to your needs. Our experienced advisors provide straightforward advice to save you time, money, and stress.
Market Access
We offer access to the entire mortgage market, ensuring you find the best deal that suits your financial situation and goals.
Experienced Team
Our team of seasoned advisors brings years of expertise to guide you through the mortgage process with clarity and confidence.
Exceptional Service
At Bay Mortgages, we prioritize exceptional customer service, going the extra mile to ensure your mortgage journey is smooth and stress-free.
How the Process Works when you remortgage.
Step by Step
Process
Learn about the steps involved in getting your next mortgage deal in place with Bay Mortgages. From the initial consultation to your mortgage switching we guide you through the process with clarity and care.
Explore
Your Options
Next, we'll explore the various options available to you. Our team will present different solutions, explain their implications, and help you make an informed decision that suits your goals.
Initial
Consultation
Start by scheduling an initial consultation with our expert advisors. We'll discuss your needs, answer your questions, and provide personalised advice tailored to your financial situation.
Apply
Complete
We handle the paperwork and keep you updated, we will also guide you through the necessary paperwork and ensure that all legal aspects are handled smoothly. We'll be with you every step of the way.
Jordan dealt with getting our mortgage in a professional manner. He’d go above and beyond to get everything done before the end of each working day, even to the point of using his personal time. Quick responses, and very patient. Would definitely recommend Bay mortgages.
AM Bournemouth