Remortgaging As A Contractor - What You Need To KnowWhether it's your mortgage for your home, your mortgage for your buy to let* property, or whether you've just recently become a contractor and you're not sure what to do with your mortgage - we can review your mortgage up to 3 months prior to expiry of your initial mortgage rate.Many lenders simply allow you to roll off your initial rate and land on their standard variable rate. With Bank of England Base Rate currently at an all-time low, you may be paying more than you need to on your mortgage every month.Depending on what best suits your personal needs, a mortgage review could result in you staying with your current lender (a product transfer) or with a new lender (a remortgage).When reviewing your mortgage, there are a number of different options are available including fixed and variable - it all depends on what suits you. You could take advantage of a new lower fixed rate. It means that if you thought that interest rates were likely to rise, you would be secure in a new fixed rate that would ensure the interest rate charged on your mortgage won't change during the term of the product.You have nothing to lose by contacting us (Blog: Why we don't charge a broker fee).How much could you save?For more information on remortgaging as a contractor, free-phone 0800 211 8700 or fill in our online enquiry form.YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.There may be costs included in remortgaging such as an arrangement fee, there may be an early repayment charge on your existing deal if prior to expiry of deal. We will take these into consideration before advising you on whether remortgaging is suitable for you or not.Contract Mortgages Ltd is an Appointed Representative of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority. *In general, Buy to Let mortgages are not regulated by the Financial Conduct Authority. Registered in Scotland No. SC465654. Registered office is 1st Floor, 207 Bath Street, Glasgow, G2 4HZ.
