Remortgaging could give you a saving option that you never even considered. You might not even be aware that the rate your current mortgage rate is doing you no favours financially! We have put together a RATE WATCH outlining this month's current BEST remortgage products for 60%, 75% and 85% Loan to Valuation, that we have access to here at Tony Lenderyou Mortgages.
We have included fixed rate options for 2, 3, 4/5 and 10 year terms to give you an idea of the overall market. We have also included a representative example to give you a full awareness of what the cost of remortgaging could include, so there is no stone left unturned. Please note, each lender has their own lending policy and every case will be underwritten by the lender before a decision is made.
Mortgages up to 60% of property valuation
2 year – 1.14% fixed to 30/06/23
(1.44 fixed to 30/06/23)
3 year – 1.23% fixed to 30/06/24
(1.65% fixed to 30/06/24)
4/5 year – 1.29% fixed to 30/06/2026
(1.61% fixed to 30/06/2026)
10 year – 1.99% fixed to 31/05/2031
(2.22% fixed to 31/05/2031)
Mortgages up to 75% of property valuation
2 year – 1.43% fixed to 30/06/2023
(1.78% fixed to 31/05/2023)
3 year – 1.54% fixed to 30/06/2024
(1.79% fixed to 30/06/2024)
4/5 year – 1.61% fixed to 30/06/2026
(1.78% fixed to 31/05/2026)
10 year – 2.49% fixed for 10 years
(2.59% fixed for 10 years)
Mortgages up to 85% of property valuation
2 year – 2.54% fixed to 30/06/23
(2.83% fixed to 30/06/23)
3 year – 2.64% fixed to 30/06/2024
(2.88% fixed to 30/06/2024)
4/5 year – 2.70% fixed to 30/06/2026*
(2.88% fixed to 30/06/2026)
10 year – 3.44% fixed for 10 years
(3.54% fixed for 10 years)
The above are Remortgage products, offer free valuation and legal fees and come with a £995 or £999 arrangement fee which can be added to the loan (unless otherwise stated).
We have included a “fee free” option in brackets for each category as this may work out better overall.
*Representative example A mortgage of £127,500 payable over 25 years on Halifax Fixed Rate until 30th June 2026 would be 62 payments of £589.50, followed by 238 payments at the Variable Rate (currently 3.59%) of £638.16. The total amount payable would be £188,726.08 made up of loan amount plus Interest (£61226.08), Arrangement fee (£999) and Broker fee (£295) The overall cost for comparison is 3.35% APRC representative.
Please contact us if you are looking to move house or purchase additional property as other products will apply
All above products are subject the lending criteria of the Lender. Rates are constantly changing; please contact us to check availability.
Please let me know if you’d like to discuss your mortgage in further detail or if you know of someone else looking for mortgage advice.
Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you Remortgage.
Contact us for more information of if you have any questions!
Email: tony@tlmortgages.co.uk
Phone: 01661821155