A remortgage is where you take out a new mortgage on a property you already own – either to replace your existing mortgage, or to borrow money against your property. Around a third of all home loans made in the UK are actually remortgages.
For most people, their mortgage is their biggest financial commitment. And it follows that streamlining the largest debt can produce the largest saving – sometimes £1,000s each year.
Talk to us if you are thinking about remortgaging as the deal with your existing lender is coming to an end or you would like to explore your options.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
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