Remortgaging When Self Employed

Remortgaging when self-employed is a topic that's heavily discussed and for good reason too. Although remortgaging when self-employed can be complicated with potential obstacles in the way, you may be able to remortgage your property if you choose to do so. As a general rule of thumb, if you're looking to consider a remortgage for your property, we recommend looking into it at least three months before the end of your current mortgage deal. Mortgage brokers just like Bell Financial Solutions are perfectly positioned to help with self-employed remortgages and we have successfully helped hundreds of self-employed homeowners
remortgage.

Why consider remortgaging?

If you're self-employed and coming into the final three months of your current mortgage deal, we recommend considering remortgaging. There are many benefits to choose from and reasons to ponder remortgaging. For example, if you only had 12 months under your belt being self-employed when you first got your mortgage but you now have multiple years and a successful business with increased income, you're likely to have many more lenders to now select from.

For the majority of cases, remortgaging a new deal is almost always cheaper than a standard variable rate and you may even get a better deal than your current rate. Further benefits of remortgaging may include;-

Reduce Monthly Payments - Remortgaging to a lower fixed-rate or standard variable can consequently help you to reduce monthly payments. Alternatively, it can also help to reduce your mortgage term and pay your mortgage off quicker if this is something you're currently considering.

Better Control Finances - As you are self-employed, remortgaging may also help you to gain better control over your finances. For example, you may be able to remortgage to a 2-5 year fixed-term mortgage with consistent monthly payments.

Consolidate Debt - Struggling with debt in some way, shape, or form? Remortgaging could be a great option to consolidate debt. This is possible as it will allow you to release some funds to pay off your debt.

How Can Bell Financial Solutions Help?

Bell Financial Solutions are your local and trusted mortgage brokers that have an abundance of experience with helping self-employed homeowners to remortgage. It all starts with an initial detailed conversation. This ensures we understand your situation and allows our regulated mortgage advisers to hunt down the most competitive rates. Call us today directly on or use our online contact form and we'll get back to you promptly.

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