Orchard Independent - Financial Advisers in Edinburgh
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Remortgages

Living in Edinburgh and looking to remortgage?

Whether you are looking to raise capital, do some home improvements or find a better rate than the mortgage you already have, we can help you find the most suitable product for your needs. There are a vast array of products on the market from a wide variety of lenders. We are happy to help you navigate your way around the different products and rates and offer you specialist advice gained over many years experience in the market.

Call us today on 0131 620 6202 or click here and we will call you.

Re-mortgages Explained

A remortgage is the process of moving your current mortgage from one mortgage lender to another. There are a number of reasons as to why you might want to do this. The primary reason is to save money on your monthlty payments. As rates change, you may find that there are cheaper alternatives on the market particularly if you have had your current mortgage in place for a number of years as you may be able to take advantage of today's lower rates. However, because of the credit crunch and falling house prices, good re-mortgage deals can be harder to find than they were a few years ago.

Other reasons to remortgage can include:

  • Coming to the end of your existing deal. - if you have been on a deal with your lender (fixed rate, discounted rate etc) you may have to choose between reverting to your lender's standard variable rate or trying to find a new mortgage to keep your rate down. You must, however, be sure to check out any early repayment charges you might incur from your current lender and way up the costs you might save against how much it might cost you.
  • Debt consolidation or capital raising - You may be able to use some of the equity in your home to pay off some of your unsecured debts, thereby reducing your monthly outgoings by spreading the cost over a longer period. Alternatively, you may wish to carry out some home improvements or make a major purchase, in which case you may be able to raise the capital from the equity in your property to enable to improvements or make the purchase.

Whatever the reason for your need for a re-mortgage, it is wise to seek professional advice prior to embarking on that course of action. Orchard Independent are specialists in this area - Call us today on 0131 620 6202.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE
REPSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER
DEBT SECURED ON IT.

A fee is payable when you apply for a mortgage, the exact amount will depend upon your individual circumstances, however typically it will be £350. We will also be paid commission from the lender.


Orchard Independent Ltd is an appointed representative of TenetConnect Services Ltd which is authorised and regulated by the Financial Conduct Authority. TenetConnect Services Ltd is entered on the Financial Services Register (http://www.fca.org.uk/register) under 150643.

Orchard Independent Ltd.  12 Dalziel Place, Edinburgh, EH7 5TR. Telephone - 0131 620 6202.

Registered in Scotland - Company No. SC355263

The guidance and/or advice contained within this website is/are subject to the UK regulatory regime and is/are therefore primarily targeted at consumers based in the UK.

Director - Jon Carter