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> Remortgages
> Remortgage
When you remortgage, you are switching your mortgage to another
deal, and frequently; another lender.
Remortgages can be used for various reasons, most people simply
switch mortgage because it will work out cheaper for them. For
example, the introductory discounted interest rate may have finished
with your current lender; therefore you could get a discount,
or a lower APR, with another lender. Other individuals may use
a re-mortgage to consolidate their debts, if they take out their
remortgage for a larger amount than owed on the existing mortgage.
| If you are looking to
replace your existing mortgage for one with lower repayments
please fill out our quick
enquiry form. |
It is possible to remortgage up to 95% of your property. If you
have already paid off a large proportion of your mortgage, it
may be better for you to consider an Equity release plan rather
than a re-mortgage.
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