The UK mortgage market is one of the most competitive in the world with UK consumers preferring to take short term deals with the aim of shopping around for a new deal later on.
With the most competitive mortgage and remortgage deals available being less than 5 years in length it is no wonder that borrowers chose to shop around for the best deal.
With remortgaging it is vital that all of the associated costs of the remortgage are taken into account when comparing mortgage and remortgage products. It is very easy to focus solely on the headline rate, or initial rate of interest and not the overall cost of a mortgage over the life time that you intend to keep it. Price comparison websites are particularly poor at taking into account all of the costs and charges when comparing products.
When considering a remortgage it is important to decide what your goals are, and to asses all of the costs associated with a remortgage.
To accurately source, compare, and asses a mortgage or remortgage Obligo provide many useful free mortgage tools.
You may want to consider using PriceMyPlace, for a free online property valuation, and the Obligo mortgage calculators to check the costs and affordability of different mortgage and remortgage types.
Once you have made your own basic assessment you can explore, compare and asses real mortgage products using Obligo MortgageExpert. You can even discuss the best option for you with a mortgage expert.
If you chose to arrange your remortgage or mortgage with Obligo, you will have you own MortgageExpert to guide you through the mortgage maze with expert mortgage advice gained from years of hands on mortgage experience.
You will also have your very own personal MyObligo dashboard. Here you can track the progress of the key stages of your mortgage application, download documents and see any tasks you may have.
After your mortgage has completed out service does not stop there. MyObligo will track the value of your property and the performance of your mortgage. And when the time is ready MyObligo will let you know that your mortgage is due for a makeover. It’s simple and effective and will save you money.
