FAQs Archive - Page 2 of 2

Q: What is porting? And does it cost me more?

Porting a mortgage means to move your current deal to a new property . Most lenders offer this as an option, but there may be some reasons you can't. If you can port, and do not need additional borrowing, it is unlikely to cost you to move. Ask for fee-free, independent advice to find out your options and whether costs apply.

Q: Does your no-fee mortgage advice limit my options?

Not at all. All mortgage advisers are paid a commission from the lender when we arrange a mortgage. I accept this to cover my costs and choose not to add a 'mark-up' cost to you. Paying for mortgage advice in no way opens the door to more lenders or products, and certainly cannot reduce your interest rates or monthly payments.

Q: When is the right time to look at remortgaging before my current mortgage ends?

I like to start remortgage discussions six to seven months before the end of your current mortgage deal, or even a year. The reason is so I can really understand your needs and circumstances, and have ample time to arrange any legal work. The actual paperwork can be completed in a matter of weeks, but many lenders offer a deal that lasts for 6 months.

Q: Do I need a mortgage adviser when I remortage?

When your current mortgage comes to an end, you won't automatically keep the same rate or deal, so even if you have been content with your mortgage provider, it is still advisable to ask an independent, whole of market mortgage adviser for help ensuring you will find the right deal for your remortgage .