JP-Financial - Mortgage advisors

• Clear debts with a remortgage

• Debt consolidation remortgages

• Apply today for the best remortgage deals

A remortgage can be a great way to pay off outstanding debts if there is enough equity available in your home. There is also the possibility to lower monthly mortgage repayments by switching to another lender. Releasing equity tied up in your home may be an option to consider if you are looking to save money on your outgoings.

Here at J P Financial we have a specialist remortgage department, who can provide you with all the information and quotes you need to make an informed decision on how best to clear your debts with a remortgage.

• Interest Only YES
• Debt Consolidation YES
• Self Employed YES
• Tax Credits Yes

For Some people consolidating debt and switching to an Interest only mortgage can be a good way of keeping your monthly payments low. We have access to a wide range of lenders who will provide remortgages for debt consolidation and help you tidy up your outgoings.

As a whole of market mortgage broker, we search the whole of the UK market to find the most suitable lender for your situation.

For more information on how best to clear your debts call 01202 512340 lines open 9am – 7pm Monday to Saturday and speak to a mortgage advisor today. Or enter your details in the contact us form to request a call back for a more suitable time.

• Interest only remortgage deals

• Switch to interest Only Mortgage

• Compare interest only mortgage rates today

Are you a homeowner looking for a new interest only remortgage deal, or currently have a repayment mortgage and looking to switch to interest only for lower monthly payments.

Here at J P Financial we have a specialist remortgage department, who can provide you with all the information and quotes you need to make an informed decision on which interest only remortgage will be best for you.

Interest only mortgages are a great way of keeping your monthly payments low, you can choose from a wide range of deals from a variety of high street lenders.

There are fixed rates available from 2 -5 years with a couple of lenders offering 7 and 10 year fixed rates. Or if you prefer you can have a variable/tracker rate mortgage. These are for normally 2-3 years.

Interest only mortgages are available for the employed, self employed, contractors and directors of limited company’s. There are some restrictions for the self employed and directors but we will endeavor to find you the most suitable remortgage for your situation.

For more information call 01202 512340 lines open 9am – 7pm Monday to Saturday and speak to a mortgage advisor today. Or enter your details in the contact us form to request a call back at a more suitable time.

When was the last time you looked at your mortgage, many people are unaware of the special remortgage deals that lenders have on offer. You may have outstanding credit card debts or a loan that could be refinanced. A quick search on the internet will show that lenders are still offering great deals.

If you have not remortgaged for a while the first place to check is with your current lender, they may not offer the best remortgage rate to an existing customer, but it is a good place to start. Most people these days will seek the help of a mortgage broker to find a new deal and help complete all of the paper work.

Your situation may have changes sine you last looked at your mortgage, maybe your income has gone down or you have changed jobs. If this is the case you may not be able to access the best mortgage rates with your current lender. There are still some lenders offering five times joint salary for people with good credit. A mortgage broker will be able to tell you who they are and if you qualify.

When you have found the deal that best fits your situation, check the small print for clauses that may cost you money that you had not realised. Some lenders charge arrangement fees and exit fees along with application and booking charges.

It does not take long to find a remortgage deal these days and the time spent researching could save you a lot of money in the future. So if you are currently free to leave your present lender and are thinking of ways to save money, then a remortgage is a good place to start.

• Save money with the best remortgage rates
• Lower your monthly cost with a remortgage
• Free valuation and legal fees paid on some remortgages
• Whole of market mortgage advice

As mortgage brokers we can help with finding the best remortgage rates, our brokers will conduct a fact find with you to assess your demands and needs. You may have an interest only mortgage and are looking to switch to a capital repayment mortgage, or Vice versa.

Will a fixed rate mortgage be right for you; our brokers can give you comparisons for the best tracker rate remortgage deals compared to fixed rate remortgages.

There are a wide range of remortgage rates for the UK market, supplied by various lenders. You may be self employed and are looking for a self cert remortgage as you can not prove all of your income in the traditional ways.

We have specialist lenders available for people with a low credit score, If you have a CCJ, default or missed payment on your credit report we can still hep. You may not be able to access the best UK mortgage Rates, but we will do our best.

You can save a lot of money on your mortgage just by shortening the term, if you don’t want to shorten the term; there are lenders that let you make flexible overpayment each month against the mortgage balance.

For more information on the latest mortgage rates and offers contact us today for a free consultation.

We all know that remortgaging can save you money by finding a mortgage with a better rate of interest than you currently have.  Although sometimes it can be more expensive because of the costs charged by the new lender.

But did you know that some lenders will pay your valuation fee and legal costs for you. Yes that’s right, lenders are always looking to attract new business. We have access to lenders who do not charge for a standard valuation, they will also cover the legal cost of a standard remortgage.

When looking for a remortgage some people just see the head line rate, but don’t take into consideration the administration charges and other associated fees. Sometimes it actual works out cheaper to apply for a remortgage with a higher mortgage rate once all the other costs have been factored in.

With lenders charging several hundred pounds to value your property and a standard remortgage fee charged by conveyancers of £500 and upwards, it is possible to save yourself nearly £1,000 by selecting the fee free remortgage option.

For more information on the latest fee free remortgages contact us today

A fee free remortgage deal is not suitable for everyone; lenders reserve the right to withdraw these incentives at anytime.

There are many reasons as to why you should consider a re-mortgage. You may be overwhelmed with the great number of advertisements in recent times, all prompting you to re-mortgage your home. Ultimately, the decision to re-mortgage depends on your own financial status, and your financial plan. Here are some common reasons why homeowners decide to apply for a re-mortgage.

1) Lower mortgage payments.

You may have a change of jobs recently and your salary is not as much as before. Or your business is suffering due to the current economic downturn. As a result, you find that cash flow has been tight, and you may no longer be able to afford your current mortgage payments. In this case, you can apply for a re-mortgage to lower your mortgage payments. Of course, your payment period may be longer, and you may be required to pay more interest in the long run. But at least you get to keep your home.

2) Shorten the length of the mortgage.

This is the opposite of the first scenario. You now find yourself in a much better financial position, and would like to pay off as much of your mortgage loan as possible. Homeowners sometimes do that so that they can save on paying hefty interest on their current mortgage loans. Shortening the length of the mortgage usually means higher monthly payments.

3) Exchange home equity for cash.

This is a very common reason. You have been paying mortgage payments for years now, and there is equity available. For cash flow reasons, you may wish to exchange part of the equity for a lump sum. The sum of money can be used for business or for a family emergency.

4) Retirement purposes.

You have decided to go into full or semi-retirement. Releasing equity from your mortgage can help fund your retirement. You can start a side business with your funds, work less hours per day, and enjoy more leisure time.

5) Invest in a second home.

Perhaps the time is right for investing in a second home. In order to pay for the down payment, you need a lump sum of money. Releasing equity is one such option. The cash can be used to buy another property for investment purposes, or for retirement purposes.

The whole idea of re-mortgage is to release equity for cash, or to reduce the interest payable. Your decision to go for a re-mortgage depends on how you are going to use the re-mortgage to advance your own interest. Different people have different needs. Some may need the money to pay off credit card debts, while others just want a second property by the seaside for leisure purposes. Whatever your reason, always speak to a professional re-mortgage advisor to find out more about more re-mortgages can help you.