Many of us are looking for a better mortgage deal, or would like to release some of the equity in our home but the process is often not as easy as it first appears.
So what do I need to know before I seriously consider remortgaging?
Where to start
The first step is to contact us and we can advise you on the right remortgaging options. We will work with you to check the terms and conditions of your existing mortgage. These will tell if you are tied-in to your mortgage deal or if there are any early repayment charges.
We will work with you to decided on what you want from your next mortgage, and what the new mortgage would look like on a monthly basis. You can then decide if it is worth switching to a different rate or stay put on the current lenders Standard Variable Rate.
Your property may be repossessed if you do not keep up repayments on your mortgage.’