Re-Mortgages

 

 

Re-Mortgages

Re-Mortgaging

  • Remortgaging is where you take out a new mortgage with a new lender on a property you already own and have a mortgage on

  • The new mortgage takes the place of the mortgage you originally had on the property

Who May Want To Re-Mortgage?

You may want to re-mortgage if:

  • The introductory deal on your current mortgage is due to end soon and you’d like to avoid being transferred onto your lender’s SVR (standard variable rate)
  • You want to consolidate multiple other debts
  • You need money to fund home improvements
  • You have a large expense coming up – like a wedding or school fees, you want to help your children with a deposit etc

Your Home May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage

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