Remortgages Made Simple with Whitewood Mortgages
whitewood Mortgages
Is It Time to Review Your Mortgage?
Remortgaging can be one of the most effective ways to save money, reduce your
monthly payments, or unlock the value in your home. At Whitewood Mortgages, we
help homeowners across the Fylde Coast and Lancashire make informed, confident
decisions about their mortgages.
Whether your current deal is ending soon, you’re looking to raise funds for home
improvements, or you want to pay off your mortgage sooner, we offer clear and
honest advice tailored to your circumstances.
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Arrange a call now.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Read our full Disclaimer Here
What Is Remortgaging?
Remortgaging means switching your current mortgage to a new one, either with your existing lender or a different provider. It does not always involve moving home. You might choose to remortgage for many reasons, such as:
– Your fixed-rate or introductory deal is ending
– You want a better interest rate
– You plan to borrow more money against your property
– You want to pay off your mortgage sooner or change the term
– You’re consolidating other debts
– You’ve made home improvements and increased your property’s value
Whatever your reason, it’s important to review your mortgage regularly to make sure it still suits your lifestyle and goals.
Why Remortgage Now?
Many homeowners don’t realise how much they could save by switching deals. When your fixed or discounted rate ends, you’ll likely move onto your lender’s standard variable rate (SVR), which is usually higher than the best available rates in the market.
For example, if your current deal ends and your rate increases by 1% or more, you could be paying hundreds of pounds more each month. We can help you avoid that by reviewing your options up to six months before your deal ends.
Key Things to Consider
Early Repayment Charges (ERCs)
Check whether your current deal has an early repayment charge. In some cases,
it may still be worth remortgaging, but we’ll do the calculations for you.
Product Fees
Some remortgage deals come with arrangement fees. We’ll weigh these up
alongside the interest rate to see which deal is most cost-effective overall.
Property Value
The more your home is worth compared to your mortgage balance,
the better the deals you may be offered. If your property has increased in value, this could work in your favour.
Affordability and Credit Score
Lenders will still assess your income and outgoings.
If your circumstances have changed since your last mortgage,
such as a new job or reduced income, it could affect your eligibility.
We’ll help prepare your application to give you the best chance of success.
When Should You Start Looking?
We recommend starting the remortgage process around six months before your current deal ends.
This gives us plenty of time to:
– Review the market
– Lock in a new rate
– Complete the application process
– Avoid defaulting onto the SVR
How We Help with Remortgages
At Whitewood Mortgages, we take the stress out of remortgaging. We will:
Review your current mortgage
We look at what you’re currently paying, when your deal ends,
and whether any early repayment charges apply.
Search the market
As an independent broker, we access a wide range of lenders and deals.
We compare interest rates, product fees and terms to find the best fit for your situation.
Explain your options clearly
Whether you’re staying with your current lender or switching to a new one,
we’ll explain what that means and support you in making a well-informed choice.
Handle the paperwork
From submitting your application to working with solicitors or
conveyancers where needed, we’ll take care of the process so you don’t have to.
Keep you informed
You’ll receive regular updates from us and we’ll be here to answer any questions at every stage.
Types of Remortgage
Rate Switch / Product Transfer.
If you’re happy with your current lender, you might be able to switch to a new rate with them. This is often called a product transfer. It’s usually quicker and involves less paperwork than moving to a new lender. We can check if this is your best option.
Remortgage with a New Lender.
Sometimes switching lenders gives you access to better rates or terms. This is a full remortgage and may require a new property valuation and solicitor. We’ll guide you through the process and make sure the benefits outweigh any costs.
Capital Raising.
If you’ve built up equity in your home, you might want to release some of it for:
Home improvements
- Buying a car
- Paying for a wedding
- Supporting children with a deposit
- Paying off other debts
We’ll help you understand the implications and ensure it’s the right choice for your needs.
Debt Consolidation.
If you have loans or credit card balances, remortgaging to consolidate debts can sometimes lower your overall monthly payments. However, it’s important to understand the risks, especially if you’re moving short-term debt into a long-term loan. We’ll explain everything clearly so you can make a balanced decision.
Remortgaging for Life Changes
Mortgages aren’t just financial products — they are part of how you build your future. You may want to review your mortgage if:
- You’ve had a pay rise or change in employment
- You’ve received an inheritance or lump sum
- You’ve recently got married, divorced or had children
- You’re planning retirement and want to reduce monthly outgoings
Whatever your reason, we’re here to offer advice that reflects your current and future plans.
Why Choose Whitewood Mortgages?
We’re not a call centre or a comparison website. We are real people who take time to understand your goals, explain things in plain English, and find solutions that work for you. When you work with us, you get:
- Independent, whole-of-market advice
- Clear communication and no jargon
- Support with paperwork and lender communication
- Local expertise with a friendly approach
We’re proud to help homeowners across Lytham, Preston, Blackpool and surrounding areas make the most of their mortgage.
Contact us
Get Started Today
If your mortgage deal is ending soon, or you just want to check if you could be paying less, get in touch with Whitewood Mortgages today. We’re here to help you review your options and make a move that makes financial sense.
Disclaimer
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Some buy to let mortgages are not regulated by the Financial Conduct Authority.
As with all insurance policies, conditions and exclusions will apply.
Whitewood Mortgages is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, Which is
authorised and regulated by the Financial Conduct Authority.
Proprietor: Marc Bennett Mortgage Broker Based in Lytham St Annes covering the
whole of the Fylde coast including Blackpool.
Mortgage Broker Blackpool
Registered Office: Whitewood Mortgages, 7 Orchard Road, St Annes-on-sea, Lancs FY8 1RY.
The Information on this website is subject to the regulatory regime and is therefore targeted at
consumers in the UK. No representations are made as to whether the information is applicable
in any other country which may have access to it.
Typically we charge an arrangement fee of £495.00, however the precise amount is dependent on your
circumstances and will not exceed 1.5% of the mortgage amount.
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Email us
marc@whitewoodmortgages.co.uk
Address
7 Orchard Rd,
Lytham Saint Annes
FY8 1RY
Call Us
01253 800 345