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What's a remortgage?

A remortgage is when you take out a new mortgage on a property you already own.

Reasons why you would want to remortgage

  • Coming to the end of your incentive period interest rate %

  • Reduce monthly payments by obtaining a better rate

  • Reduce / Increase your mortgage term

  • Raise capital 

    • Home improvements​

    • That "special day" - weddings, anniversaries, university fees etc

    • Reorganise your loans, credit cards etc. Ensure you take financial advice if consolidating debt

  • Moving to a new home​

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Remortgage Options

  • Straight residential or buy-to-let

  • Raising capital

  • Debt consolidation

  • Self employed

  • Credit improved / worsened

  • Further advance

  • Product transfer

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With the Bank of England rates currently rising, it's good advice to see when your current mortgage deal is due for renewal. Also with house valuations increasing, if your property is worth more now, your loan-to-value ratio may have changed, this could mean you now have access to a wider range of better deals. It's now more important than ever to have whole of market choice and expert independent mortgage advice

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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.
IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING, YOU SHOULD BE AWARE THAT IF YOU ARE EXTENDING THE TERM OF THE DEBT, YOU MAY BE INCREASING THE TOTAL AMOUNT YOU NEED TO REPAY.

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