The significant feature of a portable mortgage is that it is transferable if you move house. A portable mortgage is also referred to as mortgage portability and enables the borrower to transfer their mortgage to another property without accruing early redemption penalties.

Without a portable mortgage, penalties may be incurred if your mortgage has a tie in period & you choose to move properties during this period (usually 1-5 years). Mortgage portability is an arrangement agreed between the mortgage lender and the borrower; you must state that you require a portable mortgage before finalising a mortgage agreement.

Pros & Cons

• A portable mortgage enables you to keep your current mortgage deal when moving home, which can be a good option if rates are on the increase.
• If you move house it is treated as a new mortgage application, so you must still meet the lenders criteria in order to port the mortgage.
• Mortgage portability comes at a price and you will likely pay slightly more to have this option.
• If you know you are likely to move properties before your mortgage tie in period ends then a portable mortgage would be beneficial.

Our Offer to You

If you are unsure of whether a portable mortgage is the most suitable option for you then Remortgageexplorer can help. With access to specialist mortgage lenders, advice is readily available from advisors once you have completed our online application form. Each application is treated with the strictest confidence. Our aim is to find a mortgage deal most suited to your needs and requirements.

Simply complete our quick and easy mortgage application form to see if you are eligible for a portable mortgage. Apply now and see the benefits.

Finding a low interest remortgage from thousands of mortgage products can be difficult but it is important to shop around, with an increase in online mortgage brokers you will find that mortgages with low interest rates are more readily available so the decision is even harder. Here at Remortgageexplorer we have specialist mortgage brokers who will access your individual circumstances and tailor a remortgage plan to your specific needs and requirements with the lowest interest rates to reflect your financial status, saving you time and effort.

There is no reason why you should not benefit from low interest rates or make your money work for you. With appealing offers such as payment holidays and flexible plans we can find you a mortgage that is both affordable and manageable.

If you are looking for a low interest remortgage and take advantage of competitive mortgage rates please complete our quick online mortgage application form, our aim is to find you a mortgage with low interest rates that you are happy with.

At Remortgageexplorer we are committed in finding you a fantastic mortgage deal on mortgages from £10,000 to £750,000, figures subject to status. With no early repayment fees, payment holidays of up to 5 months and fixed rate options we ensure that we secure you a new mortgage that is affordable and manageable. Here at Remortgageexplorer we provide you with a professional and personal service, so if you have any enquiries about new mortgages our mortgage brokers have advisors to give guidance and advice to secure a mortgage that is right for you.

It is important that your new mortgage does not become a financial problem so some of our mortgage brokers have flexible mortgage repayment plans and can provide a mortgage over a 25 year period. Whether you have a high or low credit score at Remortgageexplorer we have specialist mortgage brokers who have new mortgage plans designed for those with financial issues that may create boundaries with some lenders. At Remortgageexplorer your financial history is not an issue.

If you would like to apply for a new mortgage deal whatever your circumstances simply complete our online mortgage application form with no obligation to accept the mortgage offered. Apply now for free and let us do the hard work.

A fixed rate mortgage is a mortgage where the interest rate remains the same for a specified period, even when the Bank of England base rate changes. This is ideal when the rate of inflation increases, causing interest rates to fluctuate on loans, as you will know exactly what your monthly repayments are. Typically the fixed rate period is for the first 2 to 5 years of the mortgage, but you can get fixed rates for the entirety of the mortgage. Fixed rates can be applied to other loan types such as interest only mortgages and adjustable rate mortgages upon discussion with the individual lenders.

Pros & Cons

• Great for people who work to a specific budget and need to know exactly what their repayments will be over a period of time.
• Your fixed rate may seem a fantastic choice at the time, especially when interest rates increase, but when the rates fall you will remain at your fixed rate price.
• When the fixed rate period ends, your repayments could easily increase by £100 or more. It is vital you budget for this, as many people are caught out and get into arrears.

Our Offer to You

As the market is becoming more competitive, the choice of fixed rate remortgages has improved and more lenders are offering competitive deals for a fixed rate remortgage plan. We have brokers who search the market to find the lowest rates possible, reflecting your individual needs and requirements. Whatever your employment or financial status we have specialist lenders who work around your individual circumstances to ensure that you receive the best remortgage deal available at affordable prices.

Whether you are a first time buyer or looking to remortgage your home, simply complete our quick and easy remortgage application form, where we do all the hard work for you.

Tracker mortgages (also known as base rate trackers) are variable rate mortgages, and are when the interest rate of your mortgage tracks the interest rate of the Bank of England. This means that your monthly mortgage payments will fluctuate when the base rate at the Bank of England goes up or down.

Pros & Cons

• When the base rate at the Bank of England goes down so will your mortgage payments.
• You must bear in mind that these rates can also increase, meaning you will pay this increase.

Our Offer to You

At Remortgageexplorer we search from some of the top lenders within the UK, offering competitive rates on tracker remortgages and using specialist lenders we accept applications which may be rejected by other lenders. We aim to find you a tracker remortgage from a mortgage lender at low rates whatever your financial circumstances or employment status. Here at Remortgageexplorer we specialise in problems such as defaults, CCJ’s, mortgage arrears and irregular income as these issues may create barriers when trying to secure a mortgage and as mortgages are an important long term financial commitment we aim to finalise your application as quickly as possible, dependent upon individual circumstances with some applications being finalised within 4 weeks.

If you are a first time buyer or you are looking into remortgaging your home and feel that a tracker mortgage would be right for you please apply using our online application, we have access to mortgage lenders with advisors who can talk you through the best options and mortgage plans available to you, reflecting your circumstances.

An offset mortgage is a mortgage which enables you to use your savings to make your mortgage payments lower. This is done by linking your savings and mortgage accounts, for example if in your savings account you have £20,000 and your mortgage is £100,000, through an offset mortgage you will only pay interest on the difference, which in this case would be £80,000. The interest rates are usually linked to the base rate at the Bank of England. There are two types of offset mortgage deals, the offset mortgage packages link all your savings together but they remain in separate accounts, where a current account mortgage keeps all your saving together in one account. Which deal you decide on is based on individual circumstances.

Pros & Cons

• An offset remortgage is a great option for homeowners with a sizeable amount of savings, especially those paying a higher rate of tax.
• An offset remortgage basically allows you to use your savings to offset against your mortgage, enabling you to pay off your mortgage early and pay off your debts ahead of time.
• The flexibility of these remortgages allows you to repay changeable amounts, so you can underpay or even pay off lump sums when you can afford to do so.
• You can’t really touch your savings – if you go and buy that car you’ve always wanted your repayments will shoot up.

For some specific examples of how much you could save, read this offset mortgage article from MSN Money UK.

Our Offer to You

At Remortgageexplorer we search from some of the top mortgage lenders within the UK. We understand that each application is unique; therefore we strive to find a remortgage from a lender that is tailored to your specific financial needs and requirements. With competitive and low rates we are dedicated to securing a remortgage deal that works for you. We have a number of specialist lenders who deal with offset remortgages who will ensure that your mortgage and savings give you a fantastic deal that is affordable. Whatever your financial or employment status we will find you an offset remortgage package that reflects your circumstances, as we have lenders who specialise in specific issues that may create barriers when securing a remortgage such as irregular income and existing debts. A mortgage is a substantial financial commitment; therefore it is important you secure the right mortgage package.

If an offset remortgage sounds like a viable option for you then simply complete our quick and easy remortgage application form and we will do all the hard work.

Discounted mortgages enable you to pay a discounted interest rate on a mortgage during a set period agreed by the lender. A discounted mortgage gives you the benefit of lower monthly repayments as you will pay a set discounted rate below the lenders standard variable mortgage rate. After the discounted period the mortgage rate will return to the lenders standard variable rate. As with other mortgage packages there are many different offers that apply to the discounted mortgage depending upon individual circumstances.

Pros & Cons

• Discounted mortgages are ideal for first time buyers and existing homeowners looking to free up money each month.
• With the lower monthly repayments from a discounted remortgage you will have the additional finance to spend on whatever you like such as home improvements.
• A first time buyer could use the extra money to aid with the set up of their new home.
• Make sure you know the duration of the discounted period and the actual rate of the discount, so you are not surprised when your repayments increase.

Our Offer to You

We will find you a great deal on discounted remortgages dependent upon your individual circumstances. We search hundreds of the UKs top mortgage lenders for competitive low rates. Remortgageexplorer accept applications whatever your financial circumstances as we have a number of specialist lenders who assess your situation to ensure your discounted remortgage is beneficial to you and most importantly, affordable. If you are freelance or self employed, we also support the barriers created such as no proof of income or irregular income. Our aim is to find you a discounted remortgage at terms that suit you, dependent upon your individual circumstances.

If you would like to apply for a discounted remortgage to benefit from lower monthly repayments then please do not hesitate to complete our online application form. Here at Remortgageexplorer we aim to process your application as quickly as possible, with no obligation.

A capped rate mortgage is a type of variable rate mortgage that is guaranteed not to rise above a specific rate, this being the ‘cap’ agreed by the lender, within a period set by the lender. If the lenders standard variable rate increases you only ever pay up to your agreed capped rate, if the rate falls you will benefit from cheaper mortgage payments. A capped rate mortgage is an ideal package to benefit from when interest rates vary. If you are looking for a mortgage that offers the best of both a variable and a fixed rate mortgage, then a capped rate mortgage may be a great option for you.

Pros & Cons

• Offers more security than a standard variable rate mortgage as your repayments will never go beyond a certain amount.
• If interest rates fall your repayments are likely to fall too.
• You pay a little for having this security – you are unlikely to get as good a rate as a fixed rate, discounted or offset mortgage.

Our Offer to You

Finding the right mortgage is an important responsibility and probably the largest financial commitment you will obtain. There are thousands of mortgage deals and lenders to choose from so securing a mortgage that’s right for you can prove to be difficult. Here at Remortgageexplorer we will search the financial market to discover a mortgage that is tailored to your individual requirements from a top UK lender.

We have specialist mortgage lenders for people with bad credit ratings from CCJ’s, IVA’s, defaults or existing debts, who do not penalise you for your financial or employment status, even if you are self employed and have no proof of income, we have mortgage deals to suit all circumstances. To see whether a capped rate mortgage would be suitable for you please complete our online application form absolutely free and we will do all the hard work for you.

A cash back remortgage simply means that some lenders will offer you a percentage of your mortgage back in a cash lump sum. Some lenders can offer as much as 6% of your mortgage in a lump sum, which you can use for any purpose. You get the cash back either at the start of the mortgage term, or when you have paid it off. Typically a cash back remortgage is offered in conjunction with a lenders SVR (Standard Variable Rate) mortgage.

Pros & Cons

• Quick, cheap access to a large sum of money – a mortgage is nearly always the cheapest way to borrow.
• Considerably higher monthly repayments than other types of mortgage. You have to pay back the extra cash you borrowed after all!
• Likely to be an early repayment charge if the mortgage is repaid before the end of the term.

Our Offer to You

Are you looking for a cash back remortgage? We have a number of lenders who specialise in cash back remortgages. Our brokers will carry out a comprehensive search to find a competitive cash back remortgage with flexible rates to suit you. If this sounds appealing to you and you would like to find out more about the cash back remortgages available please complete the simple online cash back remortgage application form.

We can offer you a cash back remortgage no matter what your credit history or financial situation is, as we have good and bad credit remortgage specialists. A large number of our remortgages also complete within 4 weeks of applying. We will search for a suitable lender to find you a fantastic rate on a cash back remortgage.

You can borrow from £10,000 up to £750,000 on some remortage plans (remortage figures subject to status), we also provide a 40 year loan repayment plan on some remortage plans to ensure that the repayments do not become a financial problem for you. If you are wanting to remortage your home but have a bad credit history then do not worry, at Remortgageexplorer we can find a lender who can provide remortages at great rates no matter what your financial circumstances are, your credit history would not become an issue when securing your remortage.

Here at Remortgageexplorer we understand that a remortage is a large financial commitment so we want to make sure that you find a low remortage rate, our lenders provide you with an individual service to ensure everything runs smoothly with some providing a mortgage advisor who is on hand to help you with any queries you may have about a remortage.

If you would like to apply for a remortage with Remortgageexplorer please fill out our quick, free and easy form at no obligation to you and we will do all the hard work for you.