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Re-Mortgage

Young Family

Most mortgage lenders offer mortgage deals at a rate for a specific number of years – whether a fixed rate, discounted rate, or tracker rate, and normally 2, 3 or 5years.

At the end of this deal period you are automatically moved onto the lenders’ Standard Variable Rate (SVR) which can be higher than other deals available or just put you at the whim of the lender and possible rate rises. So you can remortgage simply to reduce your payments &/or provide the security of a fixed rate.

Re-mortgaging also gives the opportunity to rejig your finances perhaps to consolidate some

expensive finance onto a lower interest rate as part of the mortgage. This is known as “debt consolidation”.

It might also provide you with the opportunity to release equity, perhaps for an extension, home improvements or the deposit for another property.

It also provides the opportunity to review your financial situation, and make sure you are on track to clear your mortgage as early as possible and/or see if there are any ways of shortening the term.

NOTE: Consolidating unsecured debts into your mortgage may increase the total cost of the debt by extending the term over which it is repaid and by securing the debt against your home it puts your home at risk if you fail to keep up with the repayments.

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01904 263012  
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Mortgage Tree

Blake House

18 Blake St

York

YO1 8QG

01904 263012

Mortgage Tree - Mortgage Advisors York - Services & Standards

Mortgage Tree offers a nationwide mortgage broking service from our base near York, North Yorkshire. We specialise in mortgages and insurance. Whether you are a first time buyer or you are a buy to let investor with multiple properties, Mortgage Tree will ensure that you get the most suitable products available.

We are a Whole Of Market broker which means that we will choose the most suitable mortgage for you from the hundreds available on the UK mortgage market. Our network also gets specially discounted deals from lenders which are available to our network.

 

We also provide insurance cover that will give you & your loved ones a blanket of protection that is so vital. We will endeavour to give you the best service that we can at all times.

Jason Gentles t/a Mortgage Tree  (FCA No. 502275) is an appointed representative of Julian Harris Mortgages Ltd (FCA No. 304155), which is authorised and regulated by the Financial Conduct Authority.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Please note that some mortgages such as commercial BTLs are not regulated by the FCA.

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

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