Remortgage
A remortgage is when you change lenders on your current property this can be for a variety of reasons it may well be that a better rate is obtainable to that of your existing lender enabling you to reduce your monthly outgoings.
You may wish to raise additional funds from the equity that you have in the property and this could be for virtually any reason such as debt consolidation, holiday, wedding, home improvements, purchase of second property and buy to let deposit.
There will be a fee for mortgage advice, however we do not charge up front fees. The precise amount will depend upon your circumstances but the maximum will be 1% of the loan amount, this fee will be payable on completion.
Think carefully before securing other debts against your home. Your home may be repossessed if
you do not keep up repayments on your mortgage.
Adding debts to your mortgage may increase the amount you pay and extend the term.