Remortgaging is switching your existing home loan to another mortgage lender, in order to potentially lower the amount you’re paying each month.
You can move to another lender at any time to get a lower interest rate – you don’t have to be in the process of buying a new home. You may have to pay an early repayment charge to your existing lender should you do this whilst in a tie in period.
You are not obliged to stay with your original mortgage lender for the full mortgage term you could have just come to the end of your special introductory rate or discounted period and are looking for lower payments or better terms to suit your current circumstances.
More and more UK homeowners are switching their mortgage to new lenders and better rates to save money.
If remortgaging is suitable for you, you could save hundreds or even thousands of pounds a year.
Whatever your circumstances, let us help you find the best mortgage deal from the whole of the market.
Call us for your FREE quote on 0114 247 5000 or contact us and we will call you back!
*You may have to pay an early repayment charge to your existing lender if you remortgage whilst in a tie in period