Homeowners may choose to Remortgage for various reasons, usually to reduce the overall monthly mortgage payment amounts. However, other reasons may include to reduce the size of repayments, to pay off a mortgage earlier, to raise capital, or to consolidate other more expensive short term debts
Would you like to:
Cut you monthly repayments?
Pay off debts?
Reduce the term of your mortgage?
ReMortgaging is the process of moving your mortgage from one lender to another. There are four main reasons to do this:
- To reduce your monthly repayments by securing a cheaper mortgage
- To release some of the value built up in your property for home improvements or paying off debts
- To reduce monthly repayments by extending the term of your mortgage, which will mean it takes longer to pay off the loan and could cost more
- To reduce the mortgage term – by finding a better rate and keeping repayments the same you could be mortgage-free sooner.