Remortgage

Your home may be repossessed if you do not keep up repayments on your mortgage 

Think carefully before securing other debts against your home

By consolidating your debts into your mortgage you may be required to pay more over the entire term than you would with your existing debts

A remortgage is when the borrower pays off their mortgage with a mortgage from a second lender. People remortgage to obtain a better interest rate, to reduce monthly payments or to release some of the cash from the value of their property. It is possible to remortgage so that you can consolidate your debts through the funds obtained, resulting in reducing your overall monthly payments.

Why Use Derry Mortgage Centre?

  • Free Quotes on Remortgages
  • Remortgage Deals to suit your current financial situation
  • Whole of Mortgage Market Advice
  • Free Valuation, Free Legal and "Lender Fee Free" deals available
  • Access to all mortgage products including Adverse Credit Mortgages
  • Guidance through entire mortgage process from initial quote to completion
 
At Derry Mortgage Centre we want to get it right first time.
During an initial consultation we will discuss what is important for you in a mortgage, discuss what your mortgage position is right now and how you would like to shape your mortgage for the future.
We will chat about trackers and fixed rates and work out what is best for your circumstances and budget.
We leave you in control while we do all the work and then you receive all the benefits.
We are now one of the brightest names in Northern Ireland for our innovative approach
to mortgage advice and we are proud of our position and of the work we do for our
clients across the country.
Call Derry Mortgage Centre now on 028 71417295 and arrange a free consultation.
 

Some Key Points to Remember When you Remortgage

  • The Interest Rate is not always the key to a cheaper deal
  • If you are saving money on a new product why not try and reduce your mortgage term instead and finish your mortgage earlier
  • Sometimes a higher interest rate and a cheaper fee (or no fee) is more cost effective.
  • Longer terms on the mortgage may save money now but will cost you more interest repaid to the lender in the long term.
  • Consolidating your debt will invariably cost more in the long term despite savings now.
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