A remortgaging specialist based in the West End of London has launched its zero-obligation services for homeowners looking to raise equity or lower their mortgage payments.
More information is found at https://www.polarmortgages.co.uk
The company, Polar Mortgages, is a broker that can help clients find a more viable mortgage deal through its website. Those who wish to remortgage their properties may enter their contact and mortgage information in the company’s online forms. Afterwards, the company will review the details and find the ideal mortgage deal for the applicant.
After identifying potential candidates, the company will present them at no obligation and no upfront fees to the applicant. If the applicant finds a mortgage that they like, Polar Mortgages can help them with the paperwork.
According to the firm, applying for a remortgage will also entail the same assessment that was done during one’s first mortgage. This means that any negative entry, such as late payments or a default, in the applicant’s file may lead to a rejection or unfavorable deals.
The company can help borrowers with bad credit through its whole-of-market approach. Polar Mortgages can tap into under-the-radar lenders, allowing it to access a wide range of specialist firms in order to find the best deal.
Polar Mortgages has access to a panel of lenders, including Santander, Skipton Building Society, The Mortgage Works, The Royal Bank of Scotland, Virgin Money, Woolwich Mortgages, Yorkshire Building Society, and more.
Remortgaging refers to the process of switching between one’s existing mortgage to a new arrangement under the existing provider or a new one. Remortgages do not require the borrower to move to a new house as the new mortgage is secured against the same property.
Borrowers remortgage for a number of reasons, including lowering the rates of their mortgage and switching to a fixed rate to prevent higher payments caused by rising rates. Remortgaging can also be used to borrow a large sum against the value of the property through an equity release.
“A remortgage provides borrowers with a better deal than their present mortgage, but getting approved while having adverse credit can be a challenge,” a company spokesperson said. “Polar Mortgages assists borrowers by providing extensive comparisons across the whole of the market, including ones not available on comparison websites, to find the most suitable option.”
More information about the benefits of remortgaging, such as releasing equity for home improvement, can be found at https://www.polarmortgages.co.uk/remortgage-for-home-improvements or at the URL above.
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