Remortgages
When you take out a new mortgage, you normally receive an introductory deal – for example, a lower fixed or discounted rate or a lower tracker rate for the first few years of the mortgage. Introductory deals typically last between two and five years.

Remortgages
Once the introductory mortgage offer ends, you’ll usually be moved onto your lender’s standard variable rate (SVR), which will likely be higher than the rate you have been paying.
Typically, you may want to consider a remortgage if you’re coming to the end of your existing mortgage deal and may be looking for a new deal. Your lender will almost certainly have some deals with a lower rate of interest than its SVR, which should be considered. You may also want to look at what other lenders are offering to attract you as a new client.
At Peter Richards Financial Ltd, we can help you take a look at the market to see if switching to a new mortgage deal could save you money.
We can also help if you are looking to increase your mortgage to release capital tied up in your property, whether that’s to make improvements to your home, buy an alternative property, generate a deposit for your children or maybe to fund that once-in-a-lifetime holiday. Let us know what you are planning, and we’ll help to make it happen.
We can also help if you are looking to increase your mortgage to release capital tied up in your property, whether that’s to make improvements to your home, buy an alternative property, generate a deposit for your children or maybe to fund that once-in-a-lifetime holiday. Let us know what you are planning, and we’ll help to make it happen.

Speak to us today
At Peter Richards Financial Ltd, we ask the questions, look into your future, give straightforward advice and find the right solution for you.
Contact us today to begin your journey – we look forward to hearing from you.