You are unique and therefore you deserve a remortgage plan that suits your financial circumstances. Apply now and get a bespoke remortgage offer within only 60 minutes even if you have credit issues.
Do you have bad credit?
Not a problem.
Get a tailored remortgage deals today.
Here are some of the remortgage options that
are available for people with good or bad credit history ( keep in mind that
a remortgage is basically a new mortgage with a different lender) :
New Fixed-Rate Mortgages
In case you prefer paying the same amount each month and want to ensure that it will not change over time, fixed-rate mortgages are the best choice for you. Generally, fixed-rate mortgages last for two, five or ten years, but you can opt for a longer term, depending on the plan you choose.
New Capped-Rate Mortgages
Capped-rate mortgages have a variable rate. These mortgages usually cost more than fixed-rate mortgages. So, if you are on a tight budget or are looking for a cheap mortgage, this may not be the right choice for you. The advantage of capped-rate mortgages is that you can set a limit to the rate. The rate cannot be above the limit you set, ensuring that you don’t have to face excessive payments during the time period of the mortgage.
New Discounted Mortgages
As the name suggests, you can get a discount on a mortgage, but the rates are variable, meaning your payments may increase or decrease over time. Though cheaper than other deals, discounted mortgages don’t guarantee fixed repayments and the payments may increase throughout the period of your deal.
New Tracker Mortgages
This is another type of variable mortgage deal. Since tracker mortgages are usually pursuing the base rate of the Bank of England, the repayable amount tends to decrease if the base rate declines. In case the base rate rises, there is also a rise in repayments, causing difficulty in budgeting.
New Offset & Current Account Mortgages
An offset mortgage merges the amount you owe with the money in your savings and/or current account in order to reduce the entire interest you need to pay. Offset rates are higher than other mortgage rates so make sure that this is the type of deal you find appropriate based on your needs.