Refinancing
Making sure your mortgage still works for you
There comes a time when every mortgage needs to be reviewed. As your life evolves, your mortgage should evolve with it. We recommend a review of your lending at least every two to three years, to ensure it remains competitive in the market and appropriate for your situation.
The Visionary Finance team stays up to date on changing interest rates, lender policies, and loan options across the market. This allows us to assess when refinancing may be beneficial and what alternatives are genuinely worth considering.
With interest rates, lender policies, and personal circumstances constantly changing, having timely, informed advice is essential to ensure your mortgage continues to support your goals.
We look beyond your current loan to understand your broader goals, whether that’s renovating, upgrading to a new home, downsizing, or simply creating more financial flexibility. Our focus is on ensuring your mortgage structure supports what you want to do next, not just what it costs today.
Our first port of call, before refinancing, is to attempt to negotiate with your existing lender. We will not recommend a refinance unless it is likely to actually be worthwhile.
We support refinancing by reviewing your current loan, understanding how your circumstances and goals have changed, and identifying opportunities to improve your position.
This may include reducing repayments, restructuring your loan, accessing equity for future plans, or adjusting your loan to better suit your current lifestyle. We then manage the process end-to-end, coordinating with both new and existing lenders and handling the paperwork to make the transition as straightforward as possible.
Refinancing doesn’t need to be reactive or stressful. For many people, it’s simply about checking in, ensuring things still make sense, and adjusting as needed.
We take the time to explain your options clearly, answer your questions, and help you move forward with confidence, knowing your mortgage is working for you, not against you.
Four-Step Framework
Refinancing your current loan
Review
01
We start by reviewing your current mortgage and understanding how your circumstances, priorities, and goals may have changed since it was first set up.
Assess
02
We assess your options across the market, considering interest rates, loan features, and how different structures could better support what you want to do next.
Restructure
03
Once a clear direction is agreed, we manage the refinancing process end to end, restructuring your loan and handling lender communication and paperwork.
Support
04
As your life and goals evolve, we remain available to review and adjust your mortgage to ensure it continues to work for you over time.
Refinancing FAQs
Firstly, you should consider "reviewing" your mortgage every 2-3 years, even every year. Refinancing may be worth considering when your circumstances change, interest rates shift, or your current loan no longer suits your goals. This could include changes such as renovation, upgrade, downsizing, or simply seeking greater financial flexibility.
When should I consider refinancing my mortgage?
No. While a lower rate can help, refinancing is also about loan structure, features, and whether your mortgage still works for how you live now. In some cases, flexibility or access to equity can be just as important as the rate.
Is refinancing only about getting a lower interest rate?
There can be costs involved, such as discharge fees or government charges, and set-up fees with the new lender. We help you understand these upfront and assess whether refinancing makes sense overall for your life circumstances, not just on paper.
Will refinancing cost me money?
Yes. Many people refinance after changes such as income shifts, family changes, or lifestyle adjustments. We look at your current situation and help identify realistic options.
Can I refinance if my circumstances have changed?
No. Many clients come to us simply to check whether their current loan still makes sense. An initial conversation can help clarify your options without any obligation.
Do I need to be certain before speaking to a broker about refinancing?
Let’s talk!
Ready to take the next steps in achieving your goals? Scheduling a consulting session with us is easy - fill out the form below and let’s start your journey to success today!