Remortgaging your Property
Remortgaging is the process of changing your existing mortgage to another mortgage lender. If your current mortgage deal is coming to an end, or if you've been with your existing lender for a while, this could be a very good time to think about switching to get a better, more cost-effective mortgage deal, and at the same time increase the amount you're borrowing. In some cases, homeowners can save hundreds of pounds a year by moving their mortgage to a more attractive rate with a different lender. Remortgaging can also work if your property has increased in value and you want to free up some cash from the equity tied up in your home, or if you want to make higher repayments to shorten your mortgage term. It is important to note that early repayment charges may be applied by the existing lender.
We will be happy to help and provide any additional information on how to switch and save.