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Re-Mortgaging

Re-mortgaging Made Simple – Unlock Better Rates, Reduce Payments, and Take Control of Your Finances.

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Why You Should Consider Re-Mortgaging

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If you’re looking to lower your monthly payments or get a better deal, re-mortgaging could be the answer. Here are some reasons why you might want to re-mortgage your house:

  • Better Interest Rates: If your current mortgage deal is no longer competitive, re-mortgaging to a new provider can help you secure a better interest rate.
  • Release Equity: If the value of your home has increased, you can release equity to fund major expenses like a new car, home improvements, or even a dream holiday.
  • Lower Monthly Payments: You could extend the term of your mortgage to reduce your monthly payments, easing financial pressure.
  • Buy-to-Let Investment: Re-mortgaging might allow you to release equity to invest in a Buy-to-Let property, building your investment portfolio.
  • Flexible Mortgage Options: If you want the option to make extra payments or pay off your mortgage faster, a more flexible mortgage product might be a great fit.
  • Deal Expiring: If your current deal is about to end, re-mortgaging can help you move onto a new, more beneficial product.
  • Lock in a Fixed Rate: If you’re concerned about interest rates rising, you can re-mortgage to a fixed-rate deal to gain more stability.
  • Switching Mortgage Types: If you’re on an interest-only mortgage and want to switch to a repayment mortgage, re-mortgaging could be the way to go.

Re-mortgaging is a powerful tool to help you manage your finances and achieve your goals. Want to know if it’s right for you? Fill out the form below and send us a message. We’ll get back to you ASAP. We are regulated by the Financial Conduct  Authority.

Frequently Asked Questions

Can I re-mortgage before my current deal ends?

Yes, you can, but timing is key. Most lenders allow you to secure a new deal up to six months in advance without paying early repayment charges immediately. If you’re not sure when to start, some of the best mortgage brokers can help you time the switch perfectly to avoid penalties while securing a great rate.

Absolutely. Many people re-mortgage to release equity for things like home improvements, debt consolidation, or even buying a second property. However, this depends on your home’s value and your income. Our mortgage brokers will review your affordability and walk you through the pros and cons of re-mortgaging and increasing your loan.

That’s a great question! It depends on the size of your outstanding balance and your goals. For smaller mortgages, fees can outweigh the benefits of switching. However, if you’re consolidating debt or need to release cash, it might still make sense. A quick chat with one of our mortgage brokers about re-mortgaging can help you weigh up the costs and benefits.

Yes absolutely! You’re not tied to your current lender forever. Many borrowers switch providers to get better rates or more flexible features. Switching does involve affordability checks and legal paperwork, but the best mortgage brokers can handle the heavy lifting for you.

Yes, you can adjust the length of your mortgage when you remortgage. Extending the term could lower your monthly payments (though increase total interest), while shortening it could help you become mortgage-free sooner. The best mortgage brokers in our team will help you find a term that fits your financial goals.

You will need a solicitor if you’re switching lenders. Some re-mortgage products even come with free legal services to make the transition easier. Still, it helps to have someone explain the legal side. Working with one of the best mortgage brokers means you get clear advice on whether legal support is needed—and what’s included.