Current account remortgages combine a fully flexible mortgage with a current account. There are hundreds of deals available across the UK, through dozens of lenders. Fresh Start Finance can source the best current account deal for you, searching the whole of the market. We make sure that our service is totally clear and easy to understand - we won’t charge any hidden fees or commissions. Even if you have a bad credit history (including arrears, CCJs, bankruptcy or defaults) we can help you arrange a current account remortgage.With a current account remortgage you can track all of your finances through one account. This includes your mortgage, loans, savings and current account. The idea is that at the end of every month, any cash in the account will be used to pay off the mortgage. Interest is calculated daily and charged on the outstanding amount. This gives you greater flexibility to make repayments at the rate you prefer. Usually, current account remortgage lenders will agree a minimum repayment amount each month.
A current account remortgage doesn’t suit everyone. If you can regularly leave more than the agreed amount in your account at the end of the month, then you could save money in the long term. Before you decide, it’s worth considering the following points:
If you are a high rate taxpayer or have a large amount of savings this could be a very useful arrangement
Interest is only charged on the outstanding amount, reducing your interest payments overall (if you regularly overpay)
Very flexible - giving you greater control of repayments
You will probably be required to pay your monthly salary directly into the current account remortgage
Because of the increased risk to the lender, it’s often a higher interest rate than fixed or variable rate deals
This remortgage type requires some discipline to ensure that you make sufficient payments and have enough cash available each month
Apply for a current account remortgage with Fresh Start Finance
To make an enquiry, please fill out our enquiry form today.
Fill in the form and our expert advisors will call back :
Fresh Start Finance announce the launch of a new site to help customers obtain a secured loan, (...)
HOME - REMORTGAGE UK | TRACKER REMORTGAGES | REMORTGAGE | REMORTGAGE PROTECTION | FIXED RATE REMORTGAGES | REMORTGAGE QUOTE | CAPITAL & INTEREST REMORTGAGE | BUY TO LET REMORTGAGES
FRESHSTARTFINANCE.COM does not partake in cold calling and does not make outbound calls. There are other firms with similar names who may make cold calls, for further information please see the FSA Register here. Any cold calls received should be reported to mail@firstmortgage.co.uk
