Remortgaging your home
Remortgaging could give you the flexibility to change your mortgage as your lifestyle changes.
When the mortgage market is so complex and vast, it makes sense to get expert advice - mistakes can prove very expensive in the long term.
Our expert team can help you find the right remortgage for you.
What is a remortgage?
Remortgaging is the process of replacing your current mortgage deal with a new deal either from a different lender or a different mortgage product with your current provider.
Reasons to remortgage:
Most people have been set up either on a two or five-year mortgage deal. Once their deal runs out, they will roll onto a variable rate which means your monthly payments will become unpredictable and will most likely mean you have to pay more money each month. By using a financial adviser to help you remortgage, you can be assured that all available lenders will be searched to ensure that you get the best deal possible for you.
- Many borrowers want the security of knowing exactly how much their mortgage payments are each month - remortgaging to a fixed rate mortgage could help.
- A remortgage can be used to raise extra money to fund home improvements or to consolidate other loans or debts.
- Potential savings could be made by remortgaging to a product with a lower interest rate than your current mortgage.
- Your mortgage is likely to be a significant part of your household expenditure - it makes sense to review this regularly with the guidance of an expert.
Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, but you may end up paying more overall. Your home may be repossessed if you do not keep up repayments on your mortgage.