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Remortgage Guide
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What is remortgaging

Remortgaging is switching your exisiting mortgage to another mortgage lender, in order to lower the amount you're paying on your mortgage.

You are not obliged to stick with your original mortgage lender for your full mortgage term.

You can move to another lender at any time to get a lower interest rate – you don’t have to be buying a new home.

Remortgaging can be well worth it, saving you hundreds or even thousands of pounds a year.

You may even be able to get a better rate from your existing lender – avoiding the time and expense of remortgaging – simply by threatening to leave.

But don’t accept any offer without finding out if you can get a cheaper deal elsewhere.

And don’t do anything without checking if there is an early redemption penalty on your existing loan, as this could more than cancel out any savings you would make by moving.

(For more on this, see Early redemption penalties explained.)

Also, when you’re comparing deals, it’s essential to take the set-up fee (also called an arrangement or reservation fee) into account, along with the valuation and solicitor’s costs.



If you want to get your best remortgage quote quickly and easily we offer a great new service. We can put you in contact with a professional mortgage adviser. It's free and completely confidential. Simply fill out the form below

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Remortgaging every few years is increasingly common in the UK. Remortgaging allows you to change your mortgage without changing your home. You may wish to remortgage to withdraw some of the equity from your home – this is often called a second mortgage or loan.

Getting remortgaging and second mortgage quotes can be time consuming but the whole process is faster if you ask an independent mortgage broker to provide you with a quote to re finance your home. They will provide quotes for UK mortgages that will suit your circumstances – whether you want a remortgage or a second mortgage or secured loan on your home.

On this site you will find all the information you need to understand remortgaging in the UK mortgage market – all you need to do now is fill in the form and do it! It is easy to put off arranging a remortgage, but the money you can save by doing it really makes it worth the effort. Remember, a quote to re-finance your home carries no obligation, and will help you understand how you might benefit from taking a second mortgage loan or remortgaging your home.


Click here to go to the Home page and find out more information about UK Mortgages, UK Mortgage Quotes, UK Morgage Finance, Interest only mortgages (even with bad credit) or Home Insurance Policies Quote.





 

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