Remortgage deals - rebalance your finances

With rising energy costs and increased pressures on the household budget, it is becoming more and more difficult to balance the finances. For most people, their mortgage payment will be the largest monthly financial outgoing. So if you haven’t looked at your current mortgage deal for a while, now is the time to review and hopefully put some hard-earned cash back in your pocket.

How to remortgage your home for the best rates
Many of us are used to comparing energy deals, car and home insurance and think nothing of switching each year to get the best deal. Applying for a remortgage deal is just as easy and you don’t necessarily need to switch from your existing lender.

If you’re not locked in to a fixed or discounted rate deal with an early repayment charge we recommend you review your mortgage when:

  • Your current mortgage rates come to an end - as your rate may increase
  • Once a year to compare general deals - New deals come onto the market all the time, so it's good to check that your deal still remains the best
  • When interest rates change - this can affect how competitive your deal is.

What kind of difference can switching make?
When you first secured your existing mortgage deal it was probably the most competitive rate of interest you could find, unfortunately that doesn’t mean that it still is. It’s good to regularly review your mortgage and switch when a better deal is available on the market - it can save you money.

If switching from a 5% to a 3% deal :
Payments on a £175,000 loan at 5% is £1,115 a month. At 3% payments are £971 a month. This could save you £144 in monthly payments (not including potential remortgage fees) which is £1,728 a year!

Savings like this can go a long way to rebalance the finances or make a longed for holiday or home improvements become more of a possibility.

As well as reducing your monthly payments, it’s worth also looking at the number of years your mortgage has to run. Adding years can help reduce your payments in the short term and reducing years can help you pay off your mortgage faster.

Secure your first mortgage now for the best deals

With prices growing, securing your mortgage quickly is essential to getting a good deal. Most mortgage providers lock in your deal for at least 90 days allowing you to search for properties with a firm budget in mind.

When we say ‘secure quickly’, we still don’t mean rush into the first ‘good deal’ that you find.

We negotiate mortgages every day for every type of buyer cover every type of mortgage. So whether it’s your first time buying a home or you are looking to re-mortgage we will provide you with the latest independent and unbiased advice. Contact us today.

Don’t miss out on our exciting offer. Book an appointment with our advisors in February and secure 50% off our mortgage broker fee (Quote FEB50DEAL).

You’re in safe hands

Trust our team of local experts to provide the best advice on a wide range of legal and financial issues whenever you’re facing a life change and need the best support.

0800 389 2939

Our team are available Monday to Friday 9am - 5pm

Find Your BranchMEET THE TEAM

She'll be glad you planned ahead

Organising your finances today, while planning for the future can be a challenge. We’ll put the kettle on – and take the pressure off.


You'll know when it's time to talk

From making a will, to matters of business law our qualified solicitors can offer advice and guidance. Pop in for a chat or call us to make your free appointment.


Sign up for our newsletter

Your details

Signing up to our newsletter will place you on our weekly property guide, providing you with the latest properties for sale and industry news.
You can unsubscribe at any time. We value your privacy and will not share your details.

© Poole Townsend 2017 - 2022. All rights reserved.
Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563.

Poole Townsend Estates Ltd. (Company No: 10960705) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Regulated by the Council of Licensed Conveyancers to provide Conveyancing services. (Firm no: 3438) VAT registration number 288092466. Our Estate Agency is a member of the Property Ombudsman scheme.

Poole Townsend Estates Ltd Property Client account has client money protection, to view our Client Money Protection Certificate please click here. To view our Equality and Diversity Data please click here. The Propertymark Conduct and Membership Rules can be found here.

Professional Indemnity Insurance – please contact Martin Oates at the address above if you require details of cover held.

Registered with the Information Commissioners Office for data protection purposes (ICO No: ZA494153 & ZA331395)


Book Your Free Valuation

Fill out the form below and we'll get in touch to arrange your free valuation.

Your Details

We value your privacy and will not share your details.