Reasons to remortgage
Why would I remortgage?
Remortgaging a home is done for a variety of reasons. This could be for a variety of reasons, including getting a better price, paying off their mortgage faster, or releasing equity from their house. Find out how we can assist you by speaking with a member of our team.
It is worth noting that a remortgage is not the best option in all cases. Even if the lender you are considering switching to is offering a lower APRC, you must take into consideration the facts that:
- The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage with your current lender.
- If you switch mortgage remember to look at the overall repayment period. You may be able to pay less monthly, but check the final repayment date of the mortgage as well.
Also you may be able to switch your mortgage deal with your current lender, avoiding any unnecessary costs. Many lenders will allow you to switch your mortgage deal reasonably frequently.