Looking to Remortgage in Derby?
At First Choice, our aim is to find and recommend the best option for you based on your financial and personal circumstances.
Our mortgage advisors in Derby are transparent and will advise you to stick with your current products if it's the most suitable option.
Booking a free Remortgage consultation with us could provide significant benefits.
Attending your complimentary mortgage review might lead to a better mortgage rate, potentially saving you money in the long run.
Get in touch with our fast and friendly Mortgage Brokers in Derby today.
We're available from 8 am to 10 pm and would love to assist you!
Our Mortgage Process
Speak with our seasoned mortgage advisor in Derby to gain valuable insights into your financial standing.
During your free appointment, our dedicated advisor will meticulously evaluate your income and expenses. This assessment empowers us to ascertain the maximum loan amount accessible to you as a first-time buyer in Derby.
Take the first step towards homeownership today!
Contact us to schedule your complimentary mortgage appointment. Our team is eager to guide you towards fulfilling your mortgage goals."
FREE 30-minute mortgage consultation.
Explore hundreds of mortgage deals tailored for first-time buyers in Derby
Our team at First Choice use our extensive network of lenders to find you the right products tailored specifically for your circumstances.
After your consultation, we swiftly secure your mortgage agreement in principle, often within 24 hours.
An agreement in principle shows sellers and agents that you are genuinely committed to moving forward and that in principle the loan is affordable.
Submitting your application
Upon approval of your property offer, your assigned mortgage advisor in Derby takes charge of submitting your mortgage application.
They also coordinate any supplementary documentation needed by the lender.
Rest assured, our dedicated case manager keeps you informed every step of the way. With our unwavering support, you'll soon be holding the keys to your new home.
Protecting you & your family
Beyond securing the perfect mortgage deal for first-time buyers in Derby, our team goes the extra mile by helping you obtain vital insurance protection.
Insurance coverage during the mortgage process serves as a crucial safety net in the face of unforeseen events like death, disability, or job loss.
By opting for insurance products that cover mortgage payments, you ensure that your family won't bear the burden of repaying the mortgage in challenging times.
Why might I want to remortgage my home?
There are a number of reasons you might want to remortgage your home, including:
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Your current deal is about to expire
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You’re on a high interest rate
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Release some equity
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Pay off a lump sum
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How can I work out how much a remortgage will cost?
How much a remortgage costs depends on the amount you need to borrow, the type of mortgage – repayment or interest-only, for example – the interest rate you agree to pay, how many years the loan is spread over (known as the term of the loan) and the fees you are charged when setting it up
How can I get the best remortgage deal?
The best remortgage deal will depend on a number of factors including your individual financial circumstances. These are some of the things to consider:
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Improve your credit rating – Having a good credit score will allow you to get the best advertised rates from mortgage lenders
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Reduce your loan-to-value (LTV) – If you can borrow a lower percentage of the property’s value, you can often find cheaper remortgage deals
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Look for low fees – Administration, legal and valuation fees on a remortgage can offset a low interest rate – so a deal is not as good as it first appears
Can I remortgage with bad credit?
You may be able to remortgage if you have a poor credit rating, but it’s unlikely you’ll be able to get the best rates available from a lender.
Get hold of a free copy of your credit file and see if there are any ways you could improve your credit rating.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Contact
5 Glenwood Road
Chellaston
Derby
DE73 6UB
01332 498 992 or 07807 468 875
Lucia@yourfirstchoice.co.uk