If you have decided to change your mortgage to take advantage of new deals on offer, re-mortgage to raise further capital, or you’re simply unhappy with the level of service from your current lender, it is important to assess all the costs associated with making this change.

Downton & Ali Associates have access to a wide range of re-mortgage deals, as well as some that provide free legal service, a free survey and no arrangement fees. You can be confident that when you change mortgage providers, we will factor in all the costs involved to ensure you get the most suitable deal for you.

If you have equity in your current home, you may be able to release some capital for home improvements or debt consolidation.

There are various methods of raising capital. You can obtain a second charge or apply for a further advance. Alternatively, you could restructure your current mortgage to raise funds and take advantage of re-mortgage deals on the market.

Downton & Ali Associates will assess your property value and current mortgage balance, along with your personal and financial circumstances to establish the maximum lending ability. We will recommend the best method based on interest rates and associated costs.

Changing your current mortgage is not just about finding a competitive rate. You need to research the costs involved with leaving your current lender as well as the setup charges and legal obligations with a new lender. All these need to be taken into consideration to calculate the benefit of re-mortgaging.

Downton & Ali Associates have access to a comprehensive range of mortgages from across the market. Our consultants will review your current mortgage, the interest rate and any exit costs. We will balance this information with the new products on offer, setup charges and legal costs, to establish the best course of action for you.

When choosing a new mortgage there are many factors that must be taken into consideration. In addition to the interest rate and setup costs, you must also take into account the redemption penalties, exit costs, lender’s criteria and property construction.

To be confident that you have thoroughly researched the market and exhausted all the options available requires the experience and knowledge of a professional mortgage adviser.

Downton & Ali Associates will review your income, expenditure and mortgage affordability. We will combine this information with our widespread knowledge of the mortgage market, to find the most appropriate and competitive lender to meet your financial objectives.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

If you have any questions, or if there’s anything you’d like explained, please speak to one of our team on 020 3021 0075 or email us at