A remortgage involves borrowing money from a lender to pay of an existing lender. This process can often save you money, particularly when your introductory period with your existing lender which allows you the freedom to potentially find a better rate with a different lender. Remortgages can also be used to consolidate debts.
There are a few things to consider when remortgaging. For example, lenders charge differently for valuation and solicitor fees, there may also lower monthly payments but a different final repayment date. Our experienced advisers will explain all of the options available to you. Contact us to get started with your remortgage.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.