Remortgage.
When you remortgage, you are switching your mortgage to another deal. Sometimes to another lender. We use our expert knowledge to decide what deal is financially best for you.
Remortgages can be used for various reasons. However, most people look for new mortgage deals because it will work out cheaper for them. For example, your fixed interest rate deal may have finished with your current lender; therefore you could potentially get a new fixed rate with another lender.
Also you may be able to switch your mortgage deal with your current lender, avoiding any unnecessary costs.
When helping clients to remortgage to a different lender, where appropriate, we take into consideration early repayment charges (ERCs), solicitors/conveyancing fees and valuation fees. We make sure you are genuinely getting a better deal by changing lender and leaving you well informed.
You may have to pay an early repayment charge to your existing lender if you remortgage.
You may also be considering consolidating debts. Careful advice will be given to make sure you understand all of the implications of debt consolidation..
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Debt consolidation is not always the most suitable option. It will usually mean more interest over a longer repayment term and there may also be early repayment penalties on your current mortgage.
There are other ways to manage debt such as free debt advice charities, you can find out more by contacting the , these services may be more suitable for you.
