Is your fixed rate ending, or are you already on your lender's standard variable rate? We're Transparent Mortgage Services, an independent, whole-of-market mortgage broker based at 17 Havelock Road in Hastings town centre.
We'll compare staying with your current lender against moving to a new one, and recommend what suits you best. We're rated 5.0 stars from 109 Google reviews.
Call 01424 444597 or book a free 15-minute remortgage review.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Our office is a short walk from Hastings railway station, so it's easy to pop in. If that doesn't suit, our team can talk by phone or video, or home visits are available locally.
To get started, just send us your latest mortgage statement. It shows your balance, your current rate and when your deal ends. We'll do the rest.
When a fixed or tracker deal ends, most mortgages move onto the lender's standard variable rate (SVR). This is often higher, so your monthly payment can go up.
Many lenders let you secure a new deal around six months before your current one ends. Starting early means:
If you're within six months of your deal ending, now is a good time to talk.
There are two ways to move to a new deal.
A product transfer (rate switch) means staying with your current lender on a new rate. It's often quicker, and there's usually no valuation or legal work. But your lender will only offer its own products. We don't charge a broker fee for a product transfer.
A remortgage means moving your mortgage to a new lender. It can open up more choice, and it's the usual route if you want to borrow more, change the term or add or remove someone from the mortgage. It normally involves a valuation and legal work. Many lenders offer free valuations or legal packages, but not all do.
We'll look at both, side by side, so you can see which works out better over the deal, including fees. We won't push you to move lender if staying put is the better option.
We help homeowners across TN34, TN35, TN37 and TN38, including:
Hastings has a lot of character, and some homes need a little more care when you remortgage:
We know which types of lender are comfortable with each of these, without you having to apply blind.
You may be able to borrow more when you remortgage. Common reasons include:
Think carefully before securing other debts against your home. Repaying debts over a longer period may increase the total amount you pay. Your home may be repossessed if you do not keep up repayments on your mortgage.
We're used to cases that don't fit a bank's standard checklist:
This is an example to show how advice works. It isn't a real case.
A couple in St Leonards have a fixed rate ending in five months. They'd also like to borrow a little extra to fix the windows on their Victorian flat.
We'd check what their current lender offers on a product transfer, then compare it with remortgaging to a new lender that is comfortable with the flat's lease. We'd set out the total cost of each, then they decide.
Speak to a friendly, expert Mortgage Adviser about your unique mortgage needs.
We'll search 1000s of products for the best mortgage and present our advice to you.
Your Adviser will complete your application, liaise with the lender and you, keep you informed until completion.
How long a remortgage takes varies from lender to lender. Starting early gives you the most room.
We're upfront about what we charge.
Your first 15-minute review is free.
We will tell you upfront how we are paid.
Ideally around six months before your current deal ends. Many lenders let you secure a deal that far ahead, which helps you avoid moving onto the standard variable rate.
You can, but it's often better to wait until the charge ends. We'll work out whether moving early is worth it once the charge is included.
No. We don't charge a broker fee for a product transfer with your existing lender. Some lender products carry a product fee, often for a slightly lower rate, and no-fee products are often available. We'll show you both.
Usually, yes. Lenders will look at the lease length, the size of the flat and the building. If your lease is short, we'll talk about whether to extend it first.
Yes. Lenders usually want to see your accounts or tax calculations. Some will look at a shorter trading history or, for company directors, your share of the company's profit. We'll find lenders that suit how you're paid.
Often, yes, as long as the borrowing is affordable and the lender is comfortable with the property. Listed or unusual homes may need a specialist valuer.
It varies, depending on the lender, the valuation and the legal work. A product transfer is often quicker than moving lender. That's why we suggest starting early.
Yes, many lenders will lend into retirement if you can show the mortgage stays affordable. A retirement interest-only (RIO) mortgage or a lifetime mortgage might also be worth comparing. We'll talk you through the risks of each.
If you live in Hastings, St Leonards or nearby and your deal is ending, we'd be glad to help.
Call 01424 444597, email info@tms-fs.co.uk or book a free 15-minute remortgage review. You can also visit us at 17 Havelock Road, Hastings TN34 1BP.
More help: remortgaging explained, mortgage broker in Hastings, mortgage advisor in Hastings and when should you remortgage?
Your home may be repossessed if you do not keep up repayments on your mortgage. Transparent Mortgage Services is a broker and a trading style of Transparent Financial Associates Ltd, authorised and regulated by the Financial Conduct Authority (FCA number 925926).
