Transfer Your Mortgage
Looking to transfer your mortgage to a new provider? Want to take advantage of a great new mortgage rate? We can help you find a low cost remortgage today. You could save thousands of pounds over the life of your mortgage by transferring your mortgage through us.
Our panel of mortgage lenders search the market to find the best mortgage deal for your circumstances. Mortgage lenders typically offer the very best rates to new customers who transfer their existing mortgage - so if you currently pay a mortgage on your home, then you could be in the position to transfer and save on your mortgage payments.
Why Should I Transfer My Mortgage?
Many banks and building societies only give their best mortgage deals to new customers. So why get the worst deal at your current mortgage provider, when you can transfer your mortgage today, and get the best deal available? In fact, all mortgage providers know that their most savvy customers transfer their mortgages as soon as they can. These companies rely on the fact that the rest of their customers don't bother to change their mortgage, even when they can. These customers end up subsidising the ones that do switch their mortgage provider, and who often get a much better deal. Which type of customer would you rather be? The ones that stay and pay more, or the ones that transfer their mortgage to a better deal?
Getting a personalised mortgage quote is easy, and completely free. And of course, there's no obligation to accept any quote for transferring your mortgage. So what do you have to lose?
What are the Mortgage Transfer Fees?
That depends entirely on your current circumstances, and the mortgage you'd like to borrow. There are thousands of mortgage products on the market today - many will attract arrangement fees. However, you're still very likely to save overall, since the rates for new customers can be much lower than the rate you're currently paying. Why not find out today by getting a free remortgage quote
How Quickly Can I Transfer My Mortgage?
It depends - it can take days, or it could take a few weeks. There are a couple of factors to this. Firstly, it depends how complex your requirements are. If your credit history is less than perfect (for example, if you've had mortgage arrears in the past, or an IVA or CCJ), then it can take longer than if your credit record is unblemished. Also, the mortgage will be transferred much more quickly if you return the paperwork ASAP. Some customers take a week or two to gather the documents they need. If you are prepared, you can shave days or weeks off the time.
Related Articles
The choice of loans, overdrafts and other finance deals is expanding at a rapid rate. This obviously puts the applicant in a much stronger position due to the amount of competition, lenders will be fighting over your business, but it also means that with so much choice available, how do you make sure you choose the right deal for you?
Read on...
With talks about the new Pension Scheme that is set to change the pension scheme as we know it, pensions are on everyones lips at the moment. But have you thought about what is the best option for you?
Read on...
The New Year seems to be a good time to sit down and think about your finances. It always seems much clearer at the beginning of a fresh year, before life generally carries you away. Making sure you review your current situation, make changes where they are needed and taking time out to think to the future are very necessary things we have to do, but so many people try and avoid them, worried about what they will find out.
Read on...
Everytime you enter into some kind of contract with a company, you will leave a footprint on your credit record. This can include anything from applying for or getting a loan or mortgage, setting up a contract with a mobile phone company or arranging some kind of insurance.
Read on...
A mortgage is a major financial burden, but hopefully a great investment too, as property usually increases in value over the years. Because most people repay their mortgage back over a long period (the average repayment term is 25 years), it is definitely good practice to keep reassessing and checking on the suitability of your mortgage as the property market alters, just as your personal circumstances will over this extended period of time.
Read on...
Related News Items
Our housing market is still showing an ever downward spiral as official statistics showed that the number of mortgage applications that were approved in December 2007 was lower than November, and October. In fact that's a fall for the 7th month in a row.
Read on...
According to the latest findings of the Council of Mortgage Lender (CML), the mortgage lending market has slowed down. As of the end August this year, lending was down by 3% than at the same time last year.
Read on...
In his pre-budget report, the Chancellor Alistair Darling, announced that he wanted to increase the availability of a longer fixed rate term on mortgages. He reckons this is one of the ways of making home buying a more affordable process and create stability for those with homeowner loans.
Read on...
Northern Rock shares have fallen to an all time low as rumours abound that Northern Rock is close to becoming nationalised. The final decision will ultimately lay in the hands of the Prime Minister, Gordon Brown and the Chancellor of the Exchequer, Alistair Darling.
Read on...
As the property market starts to slow and take a slight downward turn, estate agents and homeowners have been looking at different ways in which to advertise and sell their properties. This latest idea has crossed over the transatlantic ocean. Known as Open House, this format of promoting your property is very popular and common in the US.
Read on...
