Our latest blog posts

Debt Consolidation
Fri 12 Mar 2010

Clear Your Credit Card Debt
Wed 10 Mar 2010

So, What Do You Owe?
Mon 08 Mar 2010

Mortgage Lending at 8 Year Low
Fri 05 Mar 2010

Credit Card Holders Punished
Wed 03 Mar 2010

Testimonials

“We are extremely satisfied with the level of service and professionalism combined with a friendly attitude of all the staff we spoke to, and would like to thank everyone at Harrington Brooks very much.”

Mr and Mrs B, Liverpool

“We were really pleased with the efficient way that Harrington Brooks handled our enquiry and by the speed in which our mortgage was finalised.”

Mr and Mrs S, Birmingham

“I found the staff at Harrington Brooks were all very polite, helpful and understanding. I couldn’t fault the level of service we received from start to finish.”

Mr J, Warrington

Quick Enquiry

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FAQ - Remortgages

1. What is a remortgage, and how does it work?

Remortgaging means you end your old mortgage scheme and switch to a new one, which may involve switching your lender. You could stay with your current lender, merely changing your terms, perhaps opting for a fixed rate, or change to a more attractive rate.

2. How competitive are your interest rates?

We have fostered excellent long-standing relationships with some of the top UK lenders. This puts us in a better position to find loans at very competitive interest rates. We are confident that we could find you a loan that would suit your needs and circumstances.

3. Is it always true that consolidation will reduce my monthly payments?

No it's not always true. It depends on individual circumstances. However, if it's possible, we will show you how much you could reduce your monthly payments by.

4. Will you do a credit check at the outset?

When we contact you in response to your Quick Enquiry submission, we will ask you some questions about your circumstances and make an initial assessment to establish how we can assist. When we are confident that we can offer you a solution which we consider beneficial we will ask you for your consent to carrying out a Credit Check. You remain in control of whether or not we do this.

5. My credit history is poor. Can I still have a remortgage?

Just because you have had difficulties in the past, it does not mean you will be unable to get a remortgage. We are experienced in arranging mortgages for people in difficult financial circumstances. Call our experienced advisors today to discuss the options available to you.

6. How long do I need to wait before you approve my remortgage?

There is a fair bit of legal work involved, and we need to ascertain whether you can afford the payments on your remortgage, along with the equity available in your property. The length of time that this can take depends on individual circumstances.

7. Can you advise me whether a re-mortgage is worthwhile?

Yes. Assuming we know enough about your circumstances. The final decision has to be yours, of course.

8. Having problems with arranging a remortgage?

Harrington Brooks can help you source the finance you require. If you have previously encountered problems with arrears on your mortgage, CCJ's and Loans we can help you to find a solution which fits your requirements.

9. Why can Harrington Brooks finance my remortgage when other lenders can't help me?

We offer a range of products and services to assist individuals who have previously experienced bad credit. Our trained advisors will work with you to find the best solution available from our panel of Lenders and mortgage plans.

10. Can you explain an interest only mortgage?

With an interest only mortgage the only payments you make each month are the interest on the money you have borrowed. This makes monthly payments more affordable; however, you have to set up a savings / investment facility in order to repay off the outstanding mortgage at the end of its term.

11. Early Repayment Charges – what are these?

These are charges that any mortgage provider may charge if you repay your mortgage early or transfer your existing mortgage to another mortgage provider. We would advise you to always check the Terms and Conditions of your mortgaged to see what Early Repayment Charges apply.

12. Remortgaging – how long can I expect this process to take?

Arranging a remortgage obviously depends on your individual circumstances, however as a guide to timescales it takes on average 4 to 6 weeks to arrange.

13. How do I arrange to remortgage?

Arranging your remortgage couldn't be easier. All you need to do is complete our Quick Enquiry Form and we will provide you with a quote detailing our best deal available to you. Alternatively, if you prefer you can call one of our advisors on 0800 0481 764 who will be happy to assist with your enquiry.

14. What happens to my mortgage if I decide to move house?

You may be able to transfer your mortgage to your new property; this depends on the Terms and Conditions of your mortgage and whether the equity is available in your new property.

15. What should I watch out for on the remortgage market?

Always be aware of the Terms and Conditions of your mortgage. Key things to be aware of are Redemption Penalties which you may be charges if you need to settle your mortgage earlier than the term.

16. What type of interest rate can I expect with a remortgage agreement?

The interest rate you receive will depend on your individual circumstances and the mortgage plans available to you.

17. I don't need cash so I have no real reason to remortgage.

This is a good point you make. However, you may be able to lower your interest rate or find a mortgage that is more suited to your personal circumstances.

Releasing the equity in a property is not the sole reason people remortgage. Interest rates are at a very low level, and this means greater competition amongst mortgage lenders. So why not use this to your advantage?