DIMORA MORTGAGES

Remortgaging

Remortgaging is switching to a better deal with your existing or a new lender. There are a variety of reasons why you may be considering a remortgage:

  • Sourcing a better rate of interest
  • A change in personal circumstances, such as a new job
  • To borrow additional money

At Dimora Mortgages, whatever the reason for your choice of a remortgage, our remortgaging advice is always honest, professional and trustworthy. We are also able to advise landlords looking for a remortgage. Our buy-to-let mortgage advisor has access to many mortgage deals specifically for buy-to-let landlords.

The remortgaging process is simple but can take months rather than weeks. Our dedicated remortgage advisors in Norwich will be able to advise you on the timescale.

By the way, just because we’re based in Norfolk doesn’t mean we’re restricted to advising people who are remortgaging their homes in this area. We can help you with a new, better remortgage deal no matter where you live in the UK.

Remortgaging Process

Contact Dimora Mortgages – our highly experienced, knowledgeable mortgage broker in Norwich will search thousands of different mortgage deals; compare them with your existing mortgage to find the best possible mortgage solution that matches your current circumstances.
Get your mortgage agreed in principle – get your mortgage agreed in principle, which includes confirmation you have passed the first phase of your credit rating with the lender.
Apply for the mortgage – once you have decided on the right mortgage deal for you, your Dimora mortgage broker will process your mortgage agreement in principle into a mortgage application.

Wait for the mortgage valuation – your lender will send a valuer to assess your future home to ensure it is worth what you’re paying. This protects you and the lender should something unforeseen happen, and you can’t maintain mortgage repayments.

Receive your mortgage offer – good news! Your lender has approved your mortgage application.
The legal stuff – your new mortgage lender will cover the legal work required to switch lenders. You will need to complete the legal pack you received with your mortgage offer and return it. Need a hand? No problem. We will help you complete and return the paperwork.
Get insured – your mortgage lender will require you to insure the buildings of your future home. Chat with your Dimora mortgage advisor, who will offer first-time buyer advice on buildings and contents insurance and other insurances you should consider.

Remortgage completed – congratulations! You have now switched mortgage lenders.

 

Everyone’s personal situation can change, which may mean your existing mortgage is no longer the right deal for you and your new circumstances.

Our highly experienced, knowledgeable remortgage advisors in Norwich can help to source the best remortgage deal that suits you at this new stage in your life.

Your home may be repossessed if you do not keep up repayments on your mortgage

Time to start your mortgage journey?

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