If your current deal is ending or market circumstances have changed, remortgaging a property can offer a more suitable mortgage arrangement and financial benefits.
A simpler way to navigate your remortgage.
Remortgaging involves switching your current mortgage deal to a new provider or securing updated terms with your current lender, typically as your existing deal approaches its end date.
Ready to take the next step?
If you’re currently within three months of your current deal ending you can speak to us to help you lock in a better rate.
An Agreement in Principle (AIP) offers a swift and tailored assessment of how much you can potentially borrow.
Once your documentation is in hand, we can provide your AIP usually within a day.
Come and speak to us at Octagon Finance, 3 Mulcaster Street, St Helier, give us a call on 01534 744900, or Get in touch using the link below.
Documentation required:
Set up an appointment with Paul at Octagon Finance to discuss your plans for remortgaging. We will walk you through the process, compare your options, and offer specialist guidance to help you find the right deal.
How much could you borrow? Get a quick estimate of what your mortgage could look like and start getting a feel for your options.
Got questions? We’ve got answers.
Remortgaging is usually considered when your fixed interest rate approaches its end date. To avoid defaulting to your current lender’s Standard Variable Rate (SVR), it can be financially beneficial to switch your current mortgage product to a new provider or secure updated terms with your current lender.
The total mortgage amount you can borrow is typically calculated up to 6 times either your sole or joint income.
A mortgage “Agreement in Principle” (AIP), often called a 'Mortgage in Principle', 'Decision in Principle', or 'mortgage promise'. It is a tailored estimate of how much you may be able to borrow to purchase or remortgage a property.
Presenting an Agreement in Principle to estate agents or sellers demonstrates your financial capability to buy. It is an invaluable tool to secure before scheduling viewings and helps determine a realistic offer on your future home.
Contact Octagon Finance today with 3 months of recent payslips, or for self-employed applicants, 2 years of trading accounts. We can crunch the numbers and provide you with an AIP within a day.
Overpayments are extra payments you make to reduce your mortgage balance, which can save you interest and help you pay off your loan sooner.
