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Finding a tradesman for remortgaging advice
Remortgaging a property is a significant step and you want to be confident in your decision. As such it can be a good idea to hire a professional that offers remortgaging advice. Plentific can help you find the one for you by generating a list of the best tradesmen in your local area that offer remortgaging advice as a service. The list will also give you quick access to profiles and customer reviews, which can help you make the best hire to suit you.
What do you need to know about remortgaging advice?
There is a lot that you need to consider when seeking remortgaging advice. You may be seeking a remortgage if your current deal is about to end, if you are seeking a better rate, if you are worried about your interest rate rising, your home value has gone up, you want to borrow more or if you just want to switch mortgage types. Be aware of any early repayment charges or exit fees for your current mortgage. Incidentally, be sure to look over additional fees and conditions for your options.
Remortgaging advice is something you need to be able to trust, and as such you want to be sure that your choice of tradesman has solid experience and qualifications. They should at the very least have a university qualification and a few years of experience working in the financial or property sector. Alternatively they may have completed financial apprenticeships, or may have additional college or industrial qualifications. Regardless, be sure that you ask for customer reviews, as this will give you an idea of their level of professionalism as well as the quality of their work. A good indicator of this is if they are part of a tradesman’s organisation, as such groups will usually enforce high standards and codes of conduct for their members.
How much does remortgaging advice cost?
The cost of hiring someone to give remortgaging advice depends on a few factors, most notably their level of experience and seniority. A particularly senior professional may give excellent advice with a good knowledge of the market, but could charge you as much as £200 an hour. This might seem like a lot, but remember that a mortgage will be a significant part of your financial future. You do not want to choose a cheap option that will not give you the advice you need. More experienced advisors may also be able to provide other services, such as pensions analysis and cash flow forecasting, though of course such services will mean a bigger bill.
The fee will usually depend on the circumstances of the job - typically you might be charged around 0.3% of the money borrowed. It can be a good idea to hire someone who is paid a salary rather than relying on commissions, as they may be more impartial about the advice they give you. Your first consultation may well be free, after which you will be offered a quote for the full job. Ensure that you get a solid quote before signing anything, and do not be afraid to step back and compare your options again before making a final decision.