Remortgaging

Remortgaging

People remortgage for all sorts of reasons. The most common are to reduce monthly payments by switching to a lower interest rate or consolidating debts such as loans and credit cards.

Remortgaging can also be a way of raising money to fund home improvements or provide a deposit to purchase a property to rent out.

Switching your mortgage is usually easy to do. And in many cases the lender may pay your valuation and legal costs.

On top of that, if you have a good payment history and a reasonable amount of equity you could be offered some of the best deals on the market, potentially unlocking the equity in your property.