0207 090 7290

info@censeo-financial.com

Mortgage Review

Your circumstances can change over time. Regularly reviewing your mortgage helps ensure it continues to meet your needs and remains suitable for your financial situation.

If you have arranged your mortgage through Censeo, we will contact you periodically to offer a mortgage review.

During a review, your advisor may discuss:

  • Changes to your income or employment
  • Changes to your household circumstances
  • Your current mortgage product and interest rate
  • Whether your current mortgage deal is approaching its end date
  • Plans to move home or purchase additional shares in your property (where applicable)
  • Your protection arrangements

This review allows us to understand whether your existing mortgage and any related financial arrangements remain appropriate based on your current circumstances.

If a change to your mortgage is recommended, your advisor will provide you with advice based on your needs and personal situation at that time.

You are under no obligation to make any changes following a review.

 

Why Mortgage Reviews Are Important

Your mortgage is a long-term financial commitment. Over time:

  • Interest rates may change
  • Your income may increase or decrease
  • Your household expenses may change
  • Your future plans may evolve

Regular reviews give you the opportunity to consider whether your current mortgage arrangements continue to reflect your circumstances and preferences.

 

When Might a Review Be Helpful?

You may benefit from a mortgage review if:

  • Your fixed rate is coming to an end
  • You are considering buying additional shares in your home (staircasing)
  • Your income or employment status has changed
  • Your household circumstances have changed
  • You are planning to move home
  • You would like to review your protection arrangements

Remortgage

Remortgaging

Remortgaging is the process of switching your existing mortgage to a new mortgage product, using the same property as security.

You may choose to remortgage with your current lender or with a different lender. You are not moving home and your mortgage will remain secured against your existing property.

You may wish to consider a remortgage if:

  • your current mortgage deal is approaching its end date
  • your existing interest rate is due to change
  • you are planning to purchase additional shares in your home (staircasing)
  • you are considering borrowing additional funds, subject to lender criteria and (where applicable) your housing provider’s consent

Borrowing additional funds may increase the amount you repay over the term of your mortgage.

Remortgaging may involve fees and it is important to consider the overall cost of borrowing rather than the interest rate alone.

Following an assessment of your individual needs and circumstances, a mortgage adviser can provide advice on whether a remortgage may be suitable for you.

Product Transfer

What is a Product Transfer mortgage?

A Product Transfer is when you move from your existing mortgage deal to a new mortgage product with your current lender.

You are not changing lender or moving home, and your mortgage remains secured against your existing property.

You may wish to consider a Product Transfer if your current mortgage deal is approaching its end date.

 

What is the Product Transfer Process?

The Product Transfer process will vary depending on your lender and individual circumstances.

Some lenders may not require a full property valuation or legal work where the loan amount remains the same and no additional borrowing is requested.

In certain cases, lenders may carry out affordability or credit checks before offering a new mortgage product.

Following an assessment of your individual needs and circumstances, a mortgage adviser can provide advice on whether a Product Transfer may be suitable for you.

 

What is the Difference Between a Product Transfer and a Remortgage?

A Product Transfer involves moving to a new mortgage product with your existing lender.

A remortgage involves moving your mortgage to a new lender.

If you wish to borrow additional funds and remain with your current lender, this may be arranged as a Further Advance, subject to lender criteria.

Additional borrowing may require a full affordability assessment and property valuation.

 

Product Transfers and remortgages may involve fees and it is important to consider the overall cost of borrowing rather than the interest rate alone.

Contact Us

Our office hours are 9am-5:30pm Monday to Friday excluding public holidays

Address:
Oriel House
26 The Quadrant
Richmond, Surrey
TW9 1DL

Tel 0207 090 7290
Email info@censeo-financial.com

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Censeo Financial is a trading name of Censeo Ltd who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd. First Complete Ltd is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. Censeo Limited is registered in England and Wales, company registration number 06453977, the Registered Address 11b Newton Court, Pendeford Business Park, Wolverhampton, WV9 5HB.

We will charge a broker fee of up to £495, payable on application. The amount we will charge is dependent on the amount of research and administration that is required.

Your home may be repossessed if you do not keep up repayments on your mortgage.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Most Buy to Let Mortgages are not regulated by the Financial Conduct Authority.