Remortgaging during maternity leave can cause worry and confusion for many. If you’re having a baby, your financial situation is likely to have changed compared to your last mortgage application.
Remortgaging during maternity leave doesn’t have to be something to worry about though, as we are here to guide you through how and why being on maternity leave can have an effect on remortgaging and the things you can do to make the process smoother.
When we think about how our homes are valued, we think of the size, location and condition of our homes and how these can affect the current value. However, there are many more, often unexpected factors that you may not have considered when thinking about the selling price of your home or the price of the home you’re looking to buy.
We may not like to hear it but the cost of living is well and truly on the rise. From fuel prices to gas and electricity bills, a rise in national insurance, and even supermarket visits becoming more costly – households all over the UK are facing a dramatic increase in expenditure that many of us can not afford. It is time to sit and think about what we can do to lower the strain on our wallets.
Switching mortgage deals can seem like a good idea if you can get a lower interest rate – but there could be a catch. Many lenders will charge you extra fees if you want to break your mortgage deal early i.e before the term ends. This is what is known as an early repayment charge (ERC). We are here to explain what ERCs are, how they work, and how you can avoid them.
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TaylorMade Finance Ltd is authorised and regulated by the Financial Conduct Authority.
Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk
Your mortgage will be secured against your property.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to 1.95% of the mortgage amount, subject to a minimum fee of £1,295 and an overall maximum fee of £2,995 payable on completion.