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When your initial mortgage deal comes to an end, you automatically move to the variable rate. This is usually higher than the fixed rate you’ve been paying, so you could see an increase in your monthly mortgage repayments. At Mortgage Advice Newcastle, we want to ensure you’re not unnecessarily overpaying for your mortgage. You have three options when your fixed rate ends, stay on the variable rate, complete product transfer with your existing lender or remortgage to a new deal with a new lender.

A qualified adviser will listen to your needs and recommend the most appropriate solution. A product transfer will be the best option from time to time, possibly due to affordability or other factors. If a remortgage is the best advice, we’ll tell you which lenders offer you a mortgage best suited to your needs and we’ll even complete the paperwork.

We charge no fees to complete a remortgage, and we’ll transparently show you all your options so you can make an informed decision.

Advice in Newcastle on mortgages

Remortgaging In Newcastle

A lot can have changed between arranging your first mortgage and when you come to remortgage, so qualified advice is imperative. From financial circumstances like salary increases/ decreases to bad credit through to personal changes like starting a family, a review of your financial needs with a qualified adviser can make a significant difference.

The difference between the best and most expensive mortgage on the market can be hundreds of pounds a month and over a 5 year term you could be thousands of pounds worse off. Checking you have the right mortgage for your needs is easy with Mortgage Advice Newcastle. We check the whole of the market and report back on our findings so you’re empowered to make a decision that’s best for you.

Fee-Free Remortgage In Newcastle

For peace of mind, to save time and to ensure you’re not overpaying for your next mortgage deal, talk to our Newcastle based, regulated mortgage advisers.

New Mortgage - Your Choices

When you have 6 months or less on your current deal you can lock in your next mortgage. If the rates drop after that, your adviser will apply for the better mortgage rate, so you’re always getting the best deal possible. This is how we help existing clients – we’re working on your behalf for up to 6 months before the deal ends and we’re always looking to ensure you get the best rate and mortgage for your needs.

If your current lender is providing the best deal, we’ll tell you and help you with a product transfer. The process is simple; we chat with you about your needs and current circumstances, complete affordability checks and source the best deals. Once you choose a mortgage that’s right for you, we’ll handle all the paperwork and ensure a smooth transition.

Mortgage advice team

Remortgage Calculators

Check how much your next mortgage will cost with our calculators. Enter the loan amount, interest rate and the number of years left to find out how much your repayments will be.

Mortgage Repayment Calculator

How Much Can I Borrow Calculator

Remortgage Q&A

If you’re unsure about the remortgage process, have questions about the best rates or just fancy a chat, we’re here for you.