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Re-Mortgaging with 70% Equity, What Makes 70% LTV Mortgages So Much Cheaper

Remortgaging 70-75% of the loan value can save you a significant amount of money each month and across the lending period as a whole.

 
PRLog - Sep. 20, 2012 - Getting onto the property ladder is a big achievement but it can also be a costly one. The monthly responsibility of meeting your mortgage repayments is a hefty one, however it also means that you are continually building up equity in your property investment. Whilst you may feel content meeting the monthly repayments once the mortgage deal expires you may find that your lender switches you back to their Standard Variable Rate (SVR), which is often more costly to you. You may also be savvy and regularly check your mortgage rate against your lender’s competitors and realise that, by switching your mortgage lender, you could save significant sums of money on your monthly repayments.  Often you can switch mortgage deals within the existing lender, ensuring that you continue to get the best deal with the company that you are familiar with. People with 30% equity of more in their property (or a 30% deposit) enabling a 70% Loan to Value Mortgage (70/30) will find the mortgage market really opens up to a lot more great value deals. 70% really does seem to be the magic number at the moment when it comes to securing a cheap remortgage deal.
http://www.ascotmortgages.co.uk/70-75-mortgages

Whatever the situation Ascot Mortgages can help you to find the best deal, efficiently and hassle free, meaning that you can start saving money on the best deal for you immediately. Remortgaging 70-75% of the loan value can save you a significant amount of money each month and across the lending period as a whole.

If you have found yourself paying the SVR on the property, after your existing mortgage deal has finished, you may realise that you are paying some of the highest interest rates in the market. By moving from paying the SVR to a new deal you could save yourself thousands and, as renowned brokers, Ascot Mortgages are able to match your needs to the opportunities available in the market ensuring that you benefit from the chance to change provider, and helping you secure a great value low cost 70% Loan to Value Remortgage deal. Although loyalty to a company is often praised, when picking a company to remortgage your property with, companies can often offer tempting offers and rates to attract new customers, an opportunity that Ascot Mortgages can maximise for you because of our knowledge of lenders. This saving could not only save you money on your monthly mortgage repayments, which is invaluable in your investment, but also release some capital for you to spend on whatever you choose. Whether it is a new car, holiday or some of life’s other luxuries, remortgaging your property with the guidance of Ascot Mortgages could save you money on a monthly basis. It could also allow you to treat yourself or perhaps allow you to pay off any debts or invest in a profitable venture. Whatever the reason, the money saved or released by remortgaging would certainly be welcome in your pocket than that of your lender’s!

As market leaders Ascot Mortgages can help you navigate the options to build you a bespoke package once you have realised that remortgaging is right for you. The flexibility that is offered would mean that you may be able to alter the length of your mortgage, meaning that you could either lower your monthly payment amounts or that, by finding a new mortgage offer with a lower interest rate, you could pay off your capital quicker. Along with moving from a SVR mortgage to a new deal, other options with remortgaging include moving to a fixed deal, which would enable you to budget safe in the knowledge that you have stability with your monthly repayments, as the interest remains fixed for the period of the arrangement. You could also switch to a flexible rate, which can allow you to take payment breaks, pay lump sums without penalties or make under payments or borrow money back, depending on your circumstances.
http://www.ascotmortgages.co.uk

Whatever your choice, given the current economic crisis, it is prudent to consider your mortgage options. If you are interested in remortgaging to get a better deal, release some spare cash or consolidate and clear some debts, Ascot Mortgages can talk through your options and match you to the best deal for your situation.

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Source:Ascot Mortgages
Location:Cheshire - United Kingdom
Industry:Mortgage, Property
Tags:remortgaging, mortgages, Property, loan to value
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