What Is a Remortgage ?
Remortgaging is simply the process of changing your existing mortgage lender to another with a better rate.
Why Remortgage ?
Most people will remortgage several times during the lifetime of their mortgage. The reason for remortgaging is to take advantage of better rates to save money.
If you are on your lenders standard variable rate (SVR) you will be paying more than if you switched mortgages.
The main reasons for remortgaging are:
- To get a better rate
- Lower monthly repayments
- Release equity
How Long Does it Take ?
You are applying for a mortgage with another lender. This means the whole process will take around the same time as it would applying for any mortgage.
How Much Can I save ?
This depends how much you are paying now compared to how much you will be paying with your new mortgage.
Some people can save £1000’s a year. It is related to your current mortgage rate and the value of your mortgage.
We recommend calling us on 0117 3254499 to discuss your options. There is no obligations and we can quickly show you how much can be saved by switching.
Get a Free Remortgage Consultation
Benefits of remortgaging
A remortgage offers a range of benefits, depending what your own purpose for remortgaging is:
- Lower interest rate
- Reduce your repayments
- Convert equity into cash
Our process is quick and simple, we take as much of the boring paperwork out of the equation as possible.
Real time market search to find the most up to date offers on the market.
Your needs change so why shouldn’t you change mortgages to reflect this.
A quick phone call and we’ll discuss what you want from your new mortgage and get to work. It’s a great time to remortgage with so many great offers on the market.