When you remortgage, you are switching your mortgage to another lender.



Remortgages can be used for various reasons. This may be to obtain a more competitive mortgage deal, or alternatively to raise extra funds for home improvements, or to consolidate exiting debts.



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 better deal, 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.

Initial consultation is free. Broker fee for mortgage advice and application processing is up to £450 and will depend on your personal circumstances and the amount of administration required. We will confirm the exact amount at the initial meeting. The fee is non-refundable. We offer discounts for re-mortgage transactions.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.  YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 

Securing short term debts against your home could increase the term over which they are paid and therefore increase the overall amount payable 

You may have to pay an early repayment charge to your existing lender if you re-mortgage.