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  Why Remortgage ?

  Is a Remortgage suitable

  for you ?

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  Mortgage Connectors ?

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There are some products available where some or all of the costs are paid for by the lender as part of a remortgage package. There are others available where only one or two areas are subsidised by the lender such as the valuation fee and or solicitor's charges. In addition, there are products available with cash backs which in many cases cover all or part of the costs.  We will take all these factors into account when recommending what we believe will be the best option for you personally.

Many borrowers, therefore, have an excellent opportunity to save money through remortgaging. But there are some instances, in which a remortgage is not a cost-effective option.

• Where you have Early Repayment Charges
  If you have recently taken out a fixed rate mortgage or a discount mortgage you may find that early repayment charges make it very expensive for you to take your loan elsewhere in its first few years. These early repayment charges can stay in force long after the original fixed-rate or discount has run out.  When calculating your projected savings, we will take these charges into account.
  
   
• If you have a very small loan
  Many lenders accept remortgage applications only if the loan required is above a minimum level of about £25,000. Fees may also be a problem with very small remortgage loans, as these may outweigh the small saving on offer.
  
   
• If your employment status has changed recently
  Lenders need to feel sure you will be able to repay the loan you take on, so they need to know your likely future income. If you have recently changed your work status from employee to self-employed, but have not yet had time to build up a reasonable track record for your business, you may find it difficult to get a good remortgage deal.  However, some lenders specialize in these situations and we will investigate these options for you

Mortgage Connectors is a trading name of Wyre Financial Services Limited, which is an appointed representative of Genesis Home Loans plc which is authorised and regulated by the Financial Services Authority for the conduct of non-investment insurance and mortgage business.  Second charges, commercial loans and buy-to-let mortgages (where the resident is not related to the borrower) are not subject to Financial Services Authority regulations.

Registered in England & Wales, Registration 5817575

Registered Office:  Ashlea, Jepps Lane, Barton, Preston, PR3 5AQ

Genesis Home Loans plc can be found on the FSA register (www.fsa.gov.uk/register) under FSA reference 305920

The information on this website is subject to the UK regulatory regime and is therefore  targeted at consumers based in the UK