Re-Mortgage

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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“Mortgage Tree showed me how to improve my credit rating as I had a few issues with my credit previously. As a result of their excellent advice I have now secured a mortgage at a great interest rate. They also helped me sort out life & critical illness cover which offers great protection for myself and my family. Mortgage Tree offers a fantastic service and I recommend them wholeheartedly.”

Charlotte - Leeds

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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 best products available.

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

Mortgage Tree is an appointed representative of Julian Harris Mortgages ltd which is authorised and regulated by the Financial Conduct Authority. Our FCA no. 304155

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

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BUY TO LET (PURE) AND COMMERCIAL MORTGAGES ARE NOT REGULATED BY THE FCA.

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Mortgage Tree

Blake House

18 Blake St

York

YO1 8QG

01904 263012