Who can blame you? Once the initial promotional period of many mortgages has finished, you can find yourself paying more than you’d like for your mortgage. In today’s competitive market many borrowers choose to switch their mortgage periodically in order to take advantage of new rates on offer. Stay on the same deal for the full term of your mortgage and you could lose out on a range of potential new benefits, including reducing the total amount you have to pay back. In some cases this could be a significant amount.
Our remortgages
At Bristol & West Mortgages, we have a range of remortgage products that can help you get the improved deal you’re looking for. The right choice for you will obviously depend on your circumstances.
For anyone contemplating a remortgage, it’s important to fully research the type of mortgage you want to take out. But with the market place offering so many remortgage options, working out which is the right one for you can be confusing. Which is why we’ve created a simple Mortgage Selector tool to help you find your way through the remortgage maze.
Narrowing your choice to a small selection that could be right for you
To help you do this we’re going to ask you three simple questions, and provide you with some important information along the way. Let’s begin with the basics – what type of mortgage do you need?
Standard
Standard mortgage – i.e. a residential mortgage, if you are able to supply proof of your income (or in the case of being self employed, two year’s audited accounts).
Self Certification
Self Certification mortgage if you are self employed or don’t have a regular income. By this we mean that the majority of your income is made up of bonuses, commission or investments.
Buy to Let mortgage
Buy to Let mortgage if you wish to have tenants living in the property.
More: www.bristol-west.co.uk
