Re-mortgages
A re-mortgage is basically one mortgage being taken out to replace another. The main reasons for doing this is are:
- Current scheme ending and wanting to avoid your rate increasing.
- Borrowing additional money in order to pay for home improvements or to consolidate other debts.
- Releasing equity from your current property in order to purchase another property.
Re-mortgaging can sometime be a very costly exercise as lenders still charge fees for changing from one lender to another. From our extensive whole of market proposition we can design a re-mortgage solution that will avoid the sudden rise from a low rate onto the lender’s variable rate whilst considering any special offers that may be available at any given time. Certain offers can include free legal fees, or no valuation fees to pay, which can sometimes save in the region of up to £1,000.