Remortgage

There are many reasons why you might want to remortgage:

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Consolidating debt may reduce your outgoings now, however you may pay more interest over your mortgage term.

You may have to pay an early repayment charge to your existing lender if you remortgage

To save money:

If you’re on a variable or tracker rate mortgage, your interest rate could increase at any time, increasing your monthly repayments. By remortgaging to a fixed-rate mortgage, you can lock in a lower interest rate and save money on your monthly repayments.

To get a better deal:

Your current Mortgage might not be the best deal available to you. By re-mortgaging, you could find a better interest rate, lower fees, or more flexible terms that better suit your needs.

To release equity:

If your property has increased in value since you took out your current Mortgage, you might be able to re=mortgage and remove some of the equity. This could fund home improvements, pay off debts, or other purposes.

To consolidate debts:

If you have other debts with high-interest rates, you could remortgage and use the equity in your property to consolidate your debts into one loan with a lower interest rate.

*Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, however you may pay more interest over your mortgage term.

To switch to a different type of Mortgage:

Your circumstances may have changed since you took out your current Mortgage. You might want to switch to another kind of Mortgage that better suits your needs. For example, you might want to switch from an interest-only mortgage to a repayment mortgage or a fixed-rate mortgage to a tracker mortgage.

Getting a mortgage is one of the most significant financial decisions you’ll make, so it’s essential to get it right. We will search a range of lenders across the market and recommend the great deal for your circumstances.

Contact one of our Derby Mortgage advisors.

Absolutely fantastic service!! Ro is so lovely to deal with. Nothing was too much trouble, always at hand on email or the phone; fitting it around our working schedule. Has worked extremely hard to get our mortgage offer approved, and had the go ahead today!

— Bex Fairweather- 2025

I would highly recommend the services of Sims. We used them in relation to a mortgage.

They were efficient and friendly.On this occasion we dealt with Rowena who made what can be a stressful experience a breeze! They covered all the basis, were straight up with their advice and no hard selling or pushing of other services, while still making us aware of the additional services they offered in line with the mtges should we need them.

Thank you Sims!

— Donna Pacey- 2025

I was really nervous about the whole mortgage process and knew not much at all, but Ro made it so much easier than I ever expected. From day one, she took the time to explain everything in a way that actually made sense and never made me feel like any question was too small. She was always easy to reach whenever I needed her, and being able to contact her via WhatsApp made life so easy—I could just drop her a call or text whenever something came up. Ro was honest about my current situation and the implications of income/debt etc. but was still positive.

When we hit a few bumps along the way, Ro kept me calm and found the best options to move forward. I never once felt like I was just another client—she was genuinely invested in getting me the best deal and just as excited about my new home as I was!

I honestly wouldn’t work with anyone else. If you need a mortgage advisor who’s knowledgeable, patient, and truly in your corner, Ro is the one!

— Catherine Boyle- 2025

Ro is honest, thorough and gives amazing service.

As first time buyers, we had no clue on what to expect or who we should trust. She helped sort more than our mortgage but also surveyor and solicitors. Always open for all the questions and makes it very clear that no question is a stupid one. She made this rocky road much smoother.

— Sarah Horobin- 2025

Ro has been absolutely amazing from start to finish! She has helped me with every aspect of getting a mortgage and beyond! She is friendly, kind and just a genuinely lovely lady who wants the best for you. She’s answered all my silly questions along the way and If I’ve been stuck on anything she’s just at the end of the phone!

— Rebecca Dudley - 2025

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There are many reasons why you might want to remortgage:

To save money:

To get a better deal:

To release equity:

To consolidate debts:

To switch to a different type of Mortgage:

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