What is a Re-Mortgage?
A brief overview of Re-Mortagages
Remortgaging is the process of switching your existing mortgage to a new lender or renegotiating the terms with your current lender. It allows homeowners in the UK to secure a better interest rate, release equity, or adjust the loan term to suit their changing financial needs.
In some cases people do this to borrow more, some examples of borrowing more are:
⦿ Debt consolidation
⦿ Home renovations
⦿ Raise money for business interest
⦿ Raise money for BTL or BTL Deposit
⦿ Buyout a third party
In some cases it might not be necessary to re-mortgage as a 'Product Transfer' and/or further advance might be available.
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We prioritise transparent communication and aim to empower you with the knowledge necessary for well-informed decisions. Connect with our mortgage professionals today and navigate the path to homeownership confidently.
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. Some forms of Buy to Let Mortgages and Commercial Finance are not regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate commercial finance and some forms of buy to let mortgage.