A remortgage is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. Often the purpose of remortgaging is to secure a more favorable interest rate from a different lender, also you can capital raise for a number of options from debt consolidation to home improvements.
Remortgaging need not be a hassle. In fact, it’s something we should all think of regularly to make sure we’re still on the best mortgage deal, so why not let us review your mortgage for you taking the hassle out of it.
Even If your current mortgage deal is about to come to an end, it’s important to start shopping around for a new offer before you get transferred onto your lender’s standard variable rate (SVR) – this could be higher than your current rate, why not contact us today.
*A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
** You may have to pay an early repayment charge to your existing lender if you remortgage.