See what other customers have done with the equity in their homes, and what options maybe available to you.
Learn about us, our culture & values, and how we look after our customers.
See what other customers have to say about us.
Check commonly asked questions regarding Equity Release.
Renew Advice is a trading style of Renew Financial Management who help over 20,000 a year plan for their futures and protect the lives of themselves and loved ones.
We guarantee that by choosing Renew Advice you will receive…
- A step by step guide through the home buying process
- A complete advice and recommendation service from our Financial Advisers who have over 50 years combined experience
- Access to a wide range of mortgage products from a panel of high street lenders as well as having access to more specialised lenders depending upon your individual circumstance
- Protection advice to keep you, your family and your home safe
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Types of Mortgages
Residential mortgages are the largest form of borrowing in the UK. It’s a mortgage taken out by one or more individuals to purchase a home to reside in. Get the best Residential Mortgage for your needs with Renew Advice.
Fixed Rate Mortgage
This type of mortgage gives a fixed repayment each month for a number of years, typically between 2 and 5 years (the amount of time it is fixed for), this can protect homeowners from rising interest rates, however you will not benefit from falling interest rates.
This type of mortgage is linked to the Bank of England’s base rate, with a pre-agreed mark up. For example, if the base rate is 0.5%, and the markup is 2%, you will pay 2.5%
Variable Rate Mortgage
This type of mortgage can be subject to interest rate changes at the discretion of the lender, this means at times your mortgage repayments will increase. However, industry standards and the fear of bad publicity stops lenders increasing rates too suddenly or dramatically.
Buy to Let Mortgage
If you are looking to purchase a property specifically with the intention of renting the property to someone else, this is the mortgage you need. Renew Advice has significant experience with Buy to Let mortgages.
Interest Only Mortgage
An interest only mortgage is a mortgage where you are not making repayments towards the principal loan amount, so you will never own the property. It is simply paying the interest on the mortgage. It is a way of affording a property, and reducing the monthly repayments to an affordable level.
Mortgage Advice from our local advisers
- A friendly, local service from a Newcastle upon Tyne based family run company
- A dedicated point of contact to handle your case
- Face to face Zoom calls or visits in your own home or at our office if you prefer
- Telephone and email advice at any time
- A friendly service, that is big enough to get results but small enough to genuinely care
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Very helpful and I would recommend it to some one else in the future very nice people I’m happy
Excellent service and knowledgeable staff
Mr Liam R
I am happy with the experience, the consultants were very professional and informative, thank you
The information was very accurate, and the people I talked to very clear and understanding.
Mr Rene P
Anna and Charlie
In the last year we have tried twice to obtain mortgages for two different houses, we have a deposit ready and no adverse credit on our files. Both have fallen through, and we couldn’t help but feel this was partly due to the lack of urgency our previous mortgage broker had. We found we had to chase them several times, and they asked repeatedly for documents we had already sent, it was very frustrating!
Get to know Renew Advice
We can guarantee a caring, friendly, superb service from professional individuals who will work with you to achieve your dreams of being able to remortgage to equity release, you can also rest assured that with our parent companies position in the financial industry, we are able to access exclusive deals with leading plan providers.