Remortgages in St Helens
If your current mortgage deal is coming to an end, now could be the perfect time to review your options.
Looking to remortgage your home?
At Allisons Financial, we provide clear, impartial remortgage advice tailored to your needs.
Remortgages can help you secure a better interest rate, reduce your monthly payments, release equity from your home or simply find a mortgage that better suits your current circumstances. Whether you’re looking to save money, fund home improvements or review your existing mortgage arrangements, we’ll help you find the right solution from a wide range of lenders across the market.
What Are Remortgages?
A remortgage is when you switch your existing mortgage to a new deal, either with your current lender or a different lender. Many homeowners choose to remortgage when their fixed-rate or introductory mortgage deal is coming to an end.
Rather than automatically moving onto your lender’s Standard Variable Rate (SVR), which is often higher, a remortgage can help you secure a more competitive deal and potentially reduce your monthly payments.
Remortgaging also provides an opportunity to review your financial goals and ensure your mortgage continues to meet your needs.
Why Do People Remortgage?
There are many reasons why homeowners choose to remortgage. For some, the priority is securing a lower interest rate and reducing monthly repayments.
For others, it may be an opportunity to release equity from their property or make changes to the structure of their mortgage.
As your circumstances change, your mortgage should continue to work for you. Whether your income has increased, your family has grown or your financial priorities have shifted, remortgaging allows you to review your options and make informed decisions.
Many homeowners also use remortgages to fund home improvements, consolidate existing debts or move onto a mortgage product that offers greater flexibility.
When Should You Start Looking at Remortgages?
Ideally, you should begin reviewing your remortgage options around three to six months before your current deal ends.
Starting early gives you time to explore the market, compare available products and secure a new deal before your existing rate expires. This can help you avoid moving onto your lender’s Standard Variable Rate, which may result in higher monthly payments.
At Allisons Financial, we can review your options well in advance and help you prepare for a smooth transition to your next mortgage deal.
Remortgages for Home Improvements
Many homeowners choose to remortgage to release equity and invest in their property.
Whether you’re planning a new kitchen, an extension, a loft conversion or energy-efficiency improvements, remortgaging may provide access to funds at a lower interest rate than some other forms of borrowing.
Before proceeding, it’s important to understand how releasing equity will affect your mortgage balance and monthly repayments. Our advisers can help you assess whether this approach is suitable for your circumstances.
Remortgages for Debt Consolidation
Some homeowners use remortgages to consolidate existing debts into their mortgage.
This can simplify monthly finances and potentially reduce monthly repayments by spreading borrowing over a longer period.
However, it’s important to understand that consolidating unsecured debt into a mortgage may increase the total amount repaid over time.
Our advisers will clearly explain both the benefits and risks, helping you decide whether debt consolidation through remortgaging is appropriate for your situation.
Remortgages for the Self Employed
Remortgaging can sometimes feel more complicated if you’re self-employed, a company director or have multiple sources of income.
The good news is that many lenders are happy to consider self-employed applicants, provided income can be evidenced appropriately. Different lenders assess self-employed income in different ways, making expert advice particularly valuable.
At Allisons Financial, we regularly help self-employed clients secure competitive remortgage deals and navigate lender requirements with confidence.
How Much Equity Do You Need for a Remortgage?
Equity is the difference between the value of your property and the outstanding balance on your mortgage. The more equity you have, the more mortgage products may be available to you.
As property values rise and mortgage balances reduce over time, many homeowners find they have built up significant equity. This can improve access to lower interest rates and more competitive mortgage products.
During our review process, we’ll assess your current equity position and explain how it may affect your remortgage options.
Why Choose Allisons Financial for Remortgages?
At Allisons Financial, we understand that every homeowner’s circumstances are different. That’s why we take a personalised approach to remortgage advice, helping you understand your options and find a solution that aligns with your goals.
With access to a wide range of lenders across the market, we compare products on your behalf and explain everything in straightforward, easy-to-understand language.
Our focus is on providing honest advice, exceptional service and ongoing support throughout your mortgage journey.
Whether you’re looking to reduce your payments, release equity or simply review your current deal, we’re here to help.
Our Remortgage Process
We begin with an initial consultation to understand your current mortgage, financial circumstances and future plans.
Next, we’ll review your affordability, assess your available equity and research suitable remortgage options across the market. Once we’ve identified the most appropriate solution, we’ll present our recommendations clearly and answer any questions you may have.
If you decide to proceed, we’ll manage the application process and liaise with the lender on your behalf, keeping you updated every step of the way.
A mortgage is a loan secured 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.
Speak to a Remortgage Adviser
Whether you’re approaching the end of your current deal or simply want to explore your options, professional remortgage advice can help you make informed decisions.
Book your free consultation today and let Allisons Financial help you find the right remortgage for your circumstances.
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Remortgages FAQs
What is a remortgage?
A remortgage is the process of replacing your existing mortgage with a new mortgage product, either with your current lender or a new lender.
When should I remortgage?
Most homeowners begin reviewing their options three to six months before their current mortgage deal ends.
Can I remortgage early?
Yes, although early repayment charges may apply depending on your current mortgage terms.
Can I remortgage if I'm self-employed?
Yes. Many lenders offer remortgage products for self-employed applicants, although requirements vary.
Can I release equity when remortgaging?
Yes. Subject to lender criteria and available equity, you may be able to release funds from your property.
How long does a remortgage take?
Most remortgages take between four and eight weeks, although timescales vary depending on the lender and circumstances.
Can I remortgage with bad credit?
Some lenders specialise in helping applicants with adverse credit histories. Professional advice can help identify suitable options.
Local Remortgage Advice in St Helens
Based in St Helens, Allisons Financial supports clients across:
St Helens, Rainford, Prescot, Ormskirk, and the surrounding areas
We combine local knowledge with whole-of-market expertise, offering both face-to-face and online appointments. However you prefer to work, you’ll receive friendly, professional advice tailored to your situation.
