By James Evans, Director, TouchPoint Mortgages.
Hello West Sussex Homeowners, If your mortgage is due for renewal in 2025, it’s important to be prepared to secure the best deal possible. Here are 10 tips for your remortgage in 2025. With rising interest rates and changes in the mortgage market, having the right plan in place is essential. Whether you’re in Littlehampton, Rustington, Angmering, Arundel, or Worthing, our expert advice will help you navigate the remortgaging process smoothly. As trusted mortgage advisors in Rustington and Angmering, we’re here to make the process easier for you.
Remortgaging means switching your current mortgage to a new deal, either with your existing lender or a new one. It’s an opportunity to secure a better rate, release equity, or adjust your mortgage terms. With expert guidance from a mortgage advisor in Littlehampton, you can ensure you’re getting the most out of your remortgage.
Begin reviewing your mortgage options 6 months before your deal ends. This gives you enough time to research rates and secure the best deal.
Know when your fixed or introductory rate ends and what your lender’s standard variable rate (SVR) is. Often, the SVR is higher, so it’s crucial to act before being switched to it.
Evaluate your income, expenses, and credit score. Lenders consider these factors when offering remortgage rates. A strong financial profile can lead to better deals.
Don’t settle for your existing lender’s first offer. Work with a mortgage advisor in Rustington to compare rates and find exclusive deals tailored to your needs.
Think about whether a fixed or variable rate suits your circumstances. Fixed rates provide stability, while variable rates can offer lower initial payments but come with fluctuating costs.
Pay attention to arrangement fees, valuation fees, and early repayment charges. An expert mortgage advisor in Angmering can help you calculate the true cost of each deal.
If your property’s value has increased, you may qualify for a better loan-to-value (LTV) rate. This could mean significant savings on your new mortgage.
If you’ve made overpayments, check how this affects your outstanding balance. This can influence the deals you’re eligible for and your overall mortgage term.
Think about your long-term plans. If you’re planning to move in the next few years, a shorter fixed term might be better. For stability, consider a longer term.
Work with a trusted mortgage advisor in Littlehampton, Rustington, and Worthing to explore your options. At TouchPoint Mortgages, we’ll guide you through the process and find the best remortgage solution for you.
We understand the unique needs of homeowners in Littlehampton, Rustington, Angmering, Arundel, and Worthing. As highly rated mortgage advisors in Rustington and Angmering, we’re proud to offer:
Free initial advice: No upfront fees, ensuring you get the best guidance without financial pressure.
Tailored solutions: We’ll find deals that suit your circumstances and goals.
Exclusive rates: Our partnership with PRIMIS gives us access to exclusive remortgage deals.
Don’t wait until the last minute to renew your mortgage. Contact TouchPoint Mortgages, your local experts in remortgages in Littlehampton, Rustington, Angmering, Arundel, and Worthing. Our friendly team is ready to guide you through the process and secure the best deal for your needs.
Call us today or fill out our online form to book a free consultation. Let us help you make the most of your remortgage in 2025.
Send your message and we will be in touch, alternatively you can book an appointment to chat to one of our team.
