• HG1 Mortgage Advisory - mortgage broker in Harrogate

    Remortgage

    A remortgage in its simplest terms is the process of moving your mortgage product from one company to another. The primary purpose of a remortgage is to reduce your monthly mortgage cost. As your home is probably the biggest investment that you will ever make, it makes sense to ensure that you find a way to save money on this particular investment. Any saving you can make on your mortgage costs will make significant difference to your monthly budget. This is very true in this current economic climate where interest rates are at their lowest levels for many years. Here at HG1 Mortgage Advisory, our expert adivsers will assess your individual needs and circumstances prior to making a recommendation. Speak to us today to find out how much we could save you compared to your current mortgage.

    On a mobile? Click to call us on: 01423 589111

    Find Today’s Best Mortgage Rates

    You can download our free remortgage guide here which gives you more information about the options available to you.

    Check out the following examples where our expert advisers have helped other clients to save money on their mortgages.

    Example 1.

    £460,000 refinance needed against a property value of £750,000. Previous mortgage was priced at 3.99% costing £1250 per month. Without making any changes to the overall term of the mortgage, our adviser managed to reduce the interest rate to 2.24% (ARP 3.6%) costing £832 per month. A massive saving of £418 per month.

    On a mobile? Click to call us on: 01423 589111

    Find Today’s Best Mortgage Rates

    Example 2.

    £106,000 refinance needed against a property value of £189,000. Previous mortgage was competitively priced but due to having parents named on the mortgage for affordabilty, had a shortened term of 11 years costing £1073 per month, an amount which was causing financial stress to the client. Our expert adviser was able to source a lender who would offer a loan of the size required by the clients without having parents named on the mortgage, even when raising an additional £10,000 taking the mortgage balance to £116,000. This allowed for a longer term to be taken reducing the monthly payments to £506 per month. A massive saving of £567 each month.

    On a mobile? Click to call us on: 01423 589111

    Find Today’s Best Mortgage Rates

    Example 3.

    Client required the refinancing of £163,000 against a property value of £250,000. They were paying a rate of 3.99% costing £967 per month. Due to a change in circumstances, this was no longer affordable. Our expert adviser recommended a reduction in the mortgage balance to £150,000 and secured a new deal at 2.44% (APR 3.7%) with a monthly payment of £773.  This restructure saved the client £194 per month.

    On a mobile? Click to call us on: 01423 589111

    Find Today’s Best Mortgage Rates

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
Cookies Policy
(a)Cookies used by Mortgage Advisory Network

Cookies are small text files, which often include a unique identifier that is sent by a web server to your computer, mobile phone or any other internet enabled device (“device”) when you visit a website. Cookies are widely used in order to make websites work efficiently and help provide us with business and marketing information to enable us to make informed decisions on the development of our websites.

We use three main types of cookies

'Performance' cookies
These help us see how you use our website e.g. which pages you visit. These cookies don't collect any information that could identify you – all the information collected is anonymous and is only used to help us improve the performance of our website, understand what interests our users and measure how effective our advertising is.
We use performance cookies to:
· analyse the performance of our website
· help us improve the website by measuring any errors that occur
· see how effective our adverts are (this isn’t shared with 3rd parties).
Sometimes cookies are managed for us by third parties, but we don't allow the third party to use the cookies for any purpose other than those listed above.
By using our site you accept the use of 'Performance' cookies.
‘Identification' cookies
These are used to help us customise website content based upon your selections.
We use identification cookies to:
· remember choices you have made such as identifying yourself as an IFA or Adviser
· show you when you're logged in to the website.
· target you with adverts on other websites
You can control whether or not these cookies are used, but preventing them may mean you are unable to access certain features or services. Preventing these cookies may stop us remembering that you didn't want a specific feature or service.
By using our site you accept the use of 'Identification' cookies.
‘Targeting’ cookies
These are used to send you relevant information and see which content you use.
We use targeting cookies to:
· send you customised news content via email
· track which content you use.
· target you with adverts on other websites
By using our site you accept the use of 'Targeting' cookies.

(b) Third party cookies
There are a number of third parties which provide Mortgage Advisory Network with content and functionality on our website, some of these providers will use cookies to ensure the particular areas on the site work.
The site also has Social Interaction links (such as Facebook or Twitter). Mortgage Advisory Network do not control any cookies that may be sent when using these external websites. For more information on these, it is advised to check their cookie policies.

(c) How to withdraw consent to, control and/or delete cookies
It is possible to remove cookies or block them from recording this information. This is generally found within the Options menu then Privacy section of your particular browser. Each browser is slightly different and constantly updating. For more information consult the Help menu of your browser.
This information has been provided to show our commitment to legislation regarding cookie awareness so that you can understand what cookies we use and why we use them. This ensures transparency in the data collected on you.

Further information
Cookie Directive
http://www.ico.gov.uk
Information about cookies
http://www.allaboutcookies.org
Internet Advertising Bureau
A guide to behavioural advertising and online privacy
http://www.youronlinechoices.eu
International Chamber of Commerce United Kingdom
Information on the ICC (UK) cookie guide
http://www.international-chamber.co.uk/our-expertise/digitaleconomy

 

Close