Liverpool is a hotspot for properties, from the City Centre all the way to Speke and Bootle – but do you know when the best time to remortgage is?

Many people make the mistake of waiting until their fixed rate ends to remortgage – however, if there are better rates out there, you may benefit from remortgaging sooner.

Why would you remortgage? And when is the right time to remortgage in the Liverpool area? Read on to learn more about the remortgaging process, and the best time to remortgage.

What Is Remortgaging?

Remortgaging is the act of paying off your current existing mortgage with the proceeds from a new mortgage loan, with the same property being used as collateral. Check out this post on How Remortgages Work to learn more.

People remortgage their homes for a variety of reasons, whether it be because their term is ending, to gain more control over their finances, to consolidate debts, or to make the most of better mortgage rates.

People will often decide to remortgage with a different lender to avoid settling for the lender’s SVR (standard variable rate) – as this can be much higher than other lenders in the Liverpool area.

At LTC Mortgages, we can find you the best mortgage rates. Read on to learn more – and to find out the right time to remortgage in Liverpool.

The Right Time to Remortgage in Liverpool

In most cases, the best time to remortgage in Liverpool is when your current mortgage deal is ending. You can usually remortgage your home whenever you need or want to – however, if you remortgage before your current term ends, you may be charged an exit fee.

If you have completed your initial mortgage term, then you shouldn’t be lumbered with any unexpected early repayment fees or exit charges. Click here to learn more about how often you can remortgage.

However, you may benefit from remortgaging your home if you find a mortgage deal with a significantly lower rate. Be sure to weigh up the costs – read through your lender’s terms and conditions so you can work out if it will be cheaper overall to switch to a lender with a better deal.

You may also want to consider remortgaging in Liverpool after having your home valued. If you’ve recently had a home valuation and your home has risen in value, then you might want to raise capital.

If this is the case, then this could be a good time to remortgage your home – as you can use the extra capital. This can be used for a variety of things – for example, investing in a buy-to-let property, or making home improvements.

If you’re considering remortgaging in Liverpool, then keep reading to learn more about mortgage advisors in Liverpool – and how LTC Mortgages can help you with your remortgaging needs in Liverpool and the surrounding areas.

Finding a Mortgage Advisor in Liverpool

One quick walk through any area of Liverpool will show you a variety of properties, from bungalows to apartments, from house shares to buy-to-let properties.

The finance scene is more competitive than ever in Liverpool 2022, which is why it’s important that you find the right mortgage advisor. Whether you live in Liverpool City Centre, Speke, Bootle, Kensington, the surrounding areas, or even on the Wirral, we can guide you through the remortgaging process.

At LTC Mortgages, we know exactly where to look for the best possible mortgage deals, with connections with a wide range of lenders.

We have over ten years of experience in the industry, and our dedicated team have extensive knowledge of the process – whether it be remortgaging, buying a home, or buying to let. Choosing LTC Mortgages to guide you through the process and find the best deals for you is a sure way of saving time, energy, and money.

Remortgaging shouldn’t be a stressful process – which is why we work to streamline the remortgaging process for you, ensuring that all aspects of remortgaging run smoothly. Our expert advice can protect you from unexpected and unwanted penalties, fees, and charges.

Contact our Liverpool Mortgage Advisors today to discuss how we can help you. We understand that many of us lead busy lives, which is why we are flexible and can be on hand whenever you need us. You can chat with us over the phone, or arrange an appointment in person.