Here at Clifford Davis we are on hand to ensure you make the right choices when taking out a new mortgage. Below you will find some of the options we are likely to discuss.

Whilst your mortgage term might be 25 or 30 years in total, your initial ‘product’ term is likely to be much shorter, perhaps 2 or 5 years. When, for example, your 2-year fixed rate has expired, your mortgage rate will revert to your lender’s standard variable rate (SVR). If the SVR is higher than other rates available in the market, it would probably be appropriate to consider a remortgage.

The process of remortgaging is not as arduous as your initial property purchase. Remember, the property title is already in your name, you are simply moving to an alternative lender.

When remortgaging, you may also wish to ‘release’ funds from your property. This could be for almost any reason, the most popular being for home improvements and/or debt consolidation.

We will schedule a meeting with you, 6 months before the end of your product rate. At this stage we can discuss your requirements, before researching available rates across the rest of the market. We offer a comprehensive service for remortgages, many of which come with bonus features such as fee free remortgage packages.