Remortgages

Remortgage process is changing your existing mortgage on your property from one lender to another. The new mortgage product and lender advised will take over from the previous mortgage deal you had with your existing lender on the property.

A remortgage may be suitable for you if:

• You are looking to switch your mortgage to a more cost effective interest rate because your current introductory rate is about to expire. Therefore, to avoid being transferred onto your lender’s standard variable rate (SVR) you may seek a new product on the market.
• Your property has increased in value and want to benefit from a lower interest rate mortgage deal by acquiring a lower loan to value (LTV) product.
• Your existing lender’s product transfer rate are high, and remortgaging would be more cost effective.
• You are raising additional money for home refurbishment or raising money to fund deposit for new investment buy to let property.
• You are looking to consolidate multiple background debts onto your mortgage.
• You are looking to fund future expenses like a wedding or school fees, or you want to assist your children with a gifted deposit to fund their property purchase.