It's Free to Speak to an Advisor, 7 days, 8am - 10pm

Remortgage Advice in Shrewsbury

It's free to speak with a mortgage advisor
7 days a week, 8am - 10pm

0121 595 0187 Speak to an Advisor - It's Free!
Reviews IO Logo

Read our 73 Reviews

Reviews Logo

Remortgage Advice in Shrewsbury

Looking to remortgage in Shrewsbury? If you are looking to release equity or compare like for like products, book a free remortgage review today and secure your financial future.

Speak to an Advisor - It's Free!

Let us Compare Remortgage Rates and Deals in Wolverhampton

Are you coming to the end of your initial fixed term and considering a remortgage in Shrewsbury? Now is the time to start exploring your options. With the right remortgage deal, you may be able to secure a better rate or release equity from your property.

Our experienced mortgage broker in Shrewsbury is here to provide you with the advice that you need for your individual circumstances.

A remortgage is when you switch your mortgage to a new lender, often to get a better rate or to release equity from your home.

Video BG One Video BG Two
Remortgage Advice in Shrewsbury

Helping You to Remortgage in Shrewsbury

Many people choose to remortgage when their fixed term is coming to an end, as this is when you fall onto your lender’s standard variable rate of interest. Remortgaging could potentially save you money in the long run, especially if you use a mortgage broker in Shrewsbury who can help you find a competitive deal based on your personal and financial situation.

As your mortgage broker in Shrewsbury, our priority is providing you with the support and advice you need to make the right decision about your remortgage.

If you’ve previously taken out a mortgage with us, we’ll send you a reminder before your fixed term comes to a close, giving you plenty of time to explore your options and make the necessary arrangements. This way, you can avoid being placed on the standard variable rate, which can result in higher mortgage payments.

If you opt to remortgage with us, we’ll help you to find the best option for your individual circumstances, including the possibility of releasing equity from your property.

Our experienced mortgage advisors in Shrewsbury will provide you with honest and open mortgage advice in Shrewsbury. We will also let you know if staying with your current lender is the better option.

How does my free remortgage review work in Shrewsbury?

Birminghammoneyman presents an opportunity for a complimentary remortgage review conducted by a dedicated remortgage advisor. This expert will assess your existing mortgage arrangement and explore alternative remortgage options available.

Our proficient team will meticulously search through a vast selection of remortgage deals, striving to identify the ideal one that suits your needs. Throughout the process, we maintain complete transparency.

Video BG OneVideo BG Two
Speak to an Advisor - It's Free!

Remortgaging FAQs in Shrewsbury

What are the benefits to remortgaging in Shrewsbury?

Accorion Arrow

There are various reasons why someone might consider remortgaging their home, one being that a mortgage represents one of the most significant financial commitments you’ll ever make, so it’s essential to find the best interest rates available.

When should I look to remortgage in Shrewsbury?

Accorion Arrow

It is highly advisable to initiate the remortgage process about 3 to 6 months before your current introductory mortgage deal ends. This timeframe allows you to receive guidance from an expert mortgage advisor in Shrewsbury and smoothly establish your new mortgage.

How many times can I remortgage in Shrewsbury?

Accorion Arrow

It’s common for homeowners to remortgage their homes more than once over time. There are no strict rules on the maximum number of remortgages allowed.

Do I need to deposit to remortgage in Shrewsbury?

Accorion Arrow

Remortgaging doesn’t involve providing a deposit, unlike the initial property purchase. Deposits are intended to mitigate the lender’s risk in case of payment issues.

Our Customers Love Us

Reviews Stars4.99 Rating73 Reviews

Our Simple Remortgage Process

Free 30-Minute Remortgage Review

Step 1

Our experienced mortgage advisors will carefully evaluate your financial situation, taking into account your income and expenses, to determine your affordability.

We Can Search 1000s of Remortgage Deals

Step 2

Our dedicated team will meticulously search through a vast selection of remortgage products, leveraging their expertise to identify the most suitable deal tailored specifically for you.

Submit Your Remortgage Application

Step 3

Upon accepting the offer, your designated mortgage advisor in Shrewsbury will promptly proceed with submitting your comprehensive mortgage application to the lender, including all the necessary supporting documents.

Protecting You and Your Mortgage

Step 4

Additionally, we will proactively notify you when your upcoming remortgage in Shrewsbury is approaching its renewal date, ensuring that you always have the most appropriate deal in place.

Reasons to Choose us

Free Remortgage Review

Accorion Arrow

Our committed and knowledgeable team of professionals are dedicated to helping you find the most suitable mortgage deal for your unique circumstances. We offer a free remortgage consultation in Shrewsbury and the surrounding regions, so you can gain specialist insight with no financial commitment.

We have access to thousands of specialised and exclusive mortgage products, so we can identify the most suitable mortgage deal that caters to your individual needs and conditions.

Our mission is to provide the highest levels of customer satisfaction. We are continuously looking for ways to refine our services and surpass our customers’ expectations.

To book a free remortgage review with one of our remortgage advisors in Shrewsbury, all you have to do is get in contact with us today. We would be delighted to answer any of your questions and get your remortgage in Shrewsbury started.

1000s of Remortgatge Deals

Accorion Arrow

Our team of mortgage advisors in Shrewsbury will search through thousands of deals to find the most suitable remortgage for you and your unique circumstances.

If you choose to proceed with the great deal that we find for you, our team will help you to complete the remortgage application process.

If you’re looking for honest and open mortgage advice in Shrewsbury, don’t hesitate to get in touch with us today. Our team of mortgage advisors in Shrewsbury will provide you with the best options for your remortgage and support you throughout the process.

Our Service

Accorion Arrow

When homeowners in Shrewsbury are looking for a better deal on their mortgage repayments, remortgaging is often a popular choice. By shopping around for the best deal, homeowners can often save money on their mortgage in Shrewsbury and improve their financial situation.

We aim to provide an extensive range of remortgage services, such as releasing equity or finding a more beneficial deal. In Shrewsbury, we will take you through the process step-by-step and help you make an educated decision regarding your remortgage.

7 Days a Week

Accorion Arrow

As a responsive mortgage advisors in Shrewsbury, we are available seven days a week, from early in the morning until late at night, and we offer flexible appointment slots to fit in with your personal and professional lifestyle.

We take pride in delivering fast and friendly mortgage advice in Shrewsbury and are committed to helping you achieve your property ambitions. Our content customers speak for themselves – take a look at our company reviews to see what they have said about our services.

Malcolm and Amy Davidson - Mortgage Advice in Birmingham

We Search 1000s of Remortgage Deals in Shrewsbury

Fleet Mortgages
Paragon Mortgages
TSB Mortgages
Halifax
Bluestone Mortgage Advice
BM Solutions Mortgages
Chorley Building Society
Precise Logo
HSBC
Nationwide
Skipton
Pepper Money
Mortgage Works
Coventry Building Society
Santander
Natwest Mortgage Advice
Newcastle Building Society
Kensington Logo
Accord Mortgages
Aldermore Mortgage Lender
Beverley Building Society
Kent Reliance
Virgin Money & Mortgages
Leeds Building Society
Scottish Widows
Foundation Home Loans

Common Remortgage Scenarios

Product Tranfer

Accorion Arrow

It may be worth considering a product transfer in Shrewsbury if you’re happy to stay with your current mortgage lender. This involves switching to a different mortgage product, such as to a tracker mortgage or a new fixed-rate deal, with the same mortgage lender.

Product transfers in Shrewsbury are typically quicker and simpler than remortgaging as they don’t require a full mortgage application and underwriting process. It’s important to compare options since they may not always offer the best rates.

Remortgage to Find a Better Deal

Accorion Arrow

When homeowners in Shrewsbury are looking for a better deal on their mortgage repayments, remortgaging is often a popular choice. By shopping around for the best deal, homeowners can often save money on their mortgage in Shrewsbury and improve their financial situation. As an experienced remortgage broker in Shrewsbury, we often see people remortgaging to fund home improvements and renovations. By taking advantage of the equity in their property to secure a larger loan, they can pay for repairs, upgrades, or extensions. This will create a more comfortable living space and also increase the value of their property.

Remortgaging can also be a way for homeowners to consolidate their debts. Using the equity in their home to pay off high-interest debts, such as credit cards, personal loans, or car finance, homeowners can reduce their monthly repayments and save money on interest.

It is important to think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.

Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.


Remortgaging in Shrewsbury can also be an option for homeowners who need to remove a name from their mortgage, such as a former partner or spouse. By remortgaging and taking out a new loan in the name of the remaining owner, they can loosen their financial ties and move on from the previous relationship.

Finally, some homeowners may choose to remortgage in Shrewsbury to release equity from their property. This can be a way to access a lump sum of cash, which can be used for a variety of purposes, such as paying for a child’s education, funding a business venture, or going on a dream holiday.

Equity Release through Lifetime Mortgages

Accorion Arrow

Homeowners aged 55 and over who want to release equity from their property may want to consider a lifetime mortgage in Shrewsbury. This involves taking out a loan secured against the value of your home, which is repaid when the property is sold & the homeowner passes away or moves into long-term care.

While lifetime mortgages in Shrewsbury can be a good option for accessing cash without having to sell the property, they can come with high interest rates and fees, and may affect eligibility for means-tested benefits. Both types of equity release plans, lifetime mortgages and home reversion plans, are regulated by the Financial Conduct Authority.

To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan. A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will be repayable upon death or moving into long term care. A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.

To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.

A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.

A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.

Further Advance

Accorion Arrow

If you need more money but don’t want to remortgage in Shrewsbury , a further advance from your current mortgage lender may be a viable alternative. This involves taking out an additional loan on top of your current mortgage, which is secured against the property. Although further advances can be used for various purposes such as home improvements or debt consolidation, they may come with higher interest rates than remortgages in Shrewsbury .

Unsecured Loans

Accorion Arrow

For smaller amounts, an unsecured loan may be a more appropriate option than a remortgage in Shrewsbury. These loans are not secured against the value of your home, so there is no risk of losing your property if you cannot keep up with repayments.

Unsecured loans usually come with higher interest rates than secured loans and may not be appropriate for large or long-term borrowing.

Credit Cards and Overdrafts

Accorion Arrow

If you need to borrow a smaller amount of money for a shorter duration, a credit card or overdraft may be more suitable. While the remortgage option can be convenient and easy to access, the product that you would have to take out would likely come with high-interest rates and fees and may not be appropriate for long-term borrowing or larger amounts, where a remortgage in Shrewsbury may be more suitable.

Speak to a mortgage advisor in Shrewsbury today by booking your free remortgage review online today!

Mortgage Guides

Birminghammoneyman.com & Birminghammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

Equity Release Council Logo Solla Later Life Logo
Facebook Image X Image Instagram Image YouTube Image LinkedIn Image SpotifyImage TikTok Image

Speak to an Advisor – It’s Free!
7 Days a Week, 8am – 10pm

Speak to an Advisor - It's Free Enquire Online 0121 595 0187
We use cookies to enhance your customer experience. More detailsGot It