In recent months, as the world has started working on its economic recovery plan to sustain through the pandemic, the UK’s home mortgage market has faced its own set of difficulties. High loan-to-value mortgages are becoming scarce, several borrowers are considering extended moratorium periods, and interest rates have changed the market dynamics.
Even in this environment, a remortgage can help you:
1. Mitigate the risk of long-term increased floating interest rates by shifting to a fixed interest rate.
2. Attain liquidity based on the increased value of your residential property.
3. Attain another tenure of the fixed interest rate. If your initial mortgage period had a limited fixed interest rate tenure, you can use remortgage to get extended fixed interest rate tenure.
4. Get a more favorable interest rate if your earlier mortgage deal did not have relatively borrower-friendly terms.
While these benefits are worth considering, remortgaging can be a hectic process for homeowners, especially after one analyses the existing mortgage market. You might have to consider several variables like mortgage fees, legal fees, early repayment fees, affordability of the mortgage deal, your current credit profile, financial documentation, and the type of property you own. Right from aggregating remortgage offers to select the right ones, it can take several weeks to close the deal. And even then, there is no assurance that you will choose the right one.
Zinga Mortgages, considered to be one of the best mortgage advisor in London, has optimized the entire process for homeowners seeking a remortgage. As a homeowner, you can provide them the necessary details about your profile and your property to initiate the process. The team at Zinga will go through the best remortgage deals suitable for your profile and aggregate the ones that fit into your needs. Once you have the options in front of you, the team will work with you to help you choose the best possible remortgage deal and expedite the process from there. And yes, with mails and phone calls, you can have a contactless experience.
“We are on a mission to empower homeowners in this tumultuous economic environment to get the best possible remortgage deals with zero advisory fees in the process. You did your job by getting the mortgage and securing your family’s future. We will take care of the rest for you.”, said Manooch Suree, Managing Director at Zinga Mortgages.
For more information, please get in touch with Zinga Mortgages at email@example.com or visit www.zingamortgages.co.uk
Press release distributed by Pressat on behalf of Zinga Mortgages, on Friday 9 October, 2020. For more information subscribe and follow https://pressat.co.uk/