Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Buy to let mortgages and Commercial mortgages are not regulated by the Financial Conduct Authority. The guidance and/or information in this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Why Remortgage

Remortgaging can help your financial health in many ways. In simple terms, remortgaging involves moving your current mortgage to a new arrangement, arranged either with your existing lender or with a new lender. There are many questions you will need to ask yourself when considering remortgaging.

  • How much will it cost?

  • How much will setting it up cost?

  • Can I afford it?

  • How much deposit will I need?

  • What type of mortgage do I want?

  • Will I get a mortgage?

Core reasons to consider remortgaging

TO AVOID MOVING HOME

It can be more convenient and cost effective to enhance your existing property, rather than move home. This can be financed by remortgaging or a further advance.

TO NOT LOSE MONEY UNNECESSARILY

When you took out your current loan, there will have been features that made it competitive and attractive to you. It may be that your incentive period is coming to an end, or simply that the market has changed. This could allow you to save money on your monthly repayments, or to repay your mortgage sooner. If you’re current lender doesn’t offer better rates or greater flexibility on its other products, you may want to consider switching your mortgage to another lender. You may be better off doing so, even if this triggers early repayment charges payable to your existing lender, as this could still mean a net saving to you.

TO CONSOLIDATE DEBTS

Remortgaging can allow you to release some of the value you hold in your home and consolidate other debts that can attract higher rates of interest than that of your mortgage (e.g. credit cards).

Think carefully before securing other debts against your home, as the overall term may change and impact the total amount you end up repaying.

TO GET A LUMP SUM FOR A SPECIAL CAUSE

You may have a wedding or education fees to fund. If your property value has risen, you could release some of the equity to help towards this.

Our Role

Ensure you do not waste money unnecessarily by paying a higher monthly amount than you need to for your borrowings

Save you time and effort by recommending the most appropriate solution

Stop you missing out on the most cost effective way of arranging your loan

Speak with one of our Mortgage and Protection Advisers …
Call us on +44 7932 266 717

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You can find definitions to a lot of the commonly used financial terms on our A-Z mortgage glossary. Alternatively you can download our A-Z mortgage glossary PDF.

Your home may be repossessed if you do not keep up repayments on your mortgage.
Some buy to let mortgages are not regulated by the FCA.  Commercial mortgages are not regulated by the FCA.

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