Remortgages
A remortgage is where your original mortgage is renegotiated –
either with your existing mortgage provider or a new provider. Or, to
put it in simple terms, a remortgage is the replacement of an existing
mortgage with a new one. So, the amount borrowed, the term of the mortgage
and your monthly repayments may change.
Many people remortgage to release extra monies from the equity in their
property, maybe to pay for home improvements or to pay off other debts,
such as a loan or a credit card.
Many homeowners find that by remortgaging with a new provider, they save
thousands of pounds over the term of their mortgage as well as raising
some additional cash. How do they save money? Well, if they switch to
a mortgage that charges lower interest, they will save money on their
mortgage repayments.
So, how do people remortgage? Some homeowners stay with their current
lender and switching to another product, or they move their mortgage to
a competitor.
However, if you are thinking about a remortgage, remember that there
are so many considerations. For example, what happens if you decide to
repay or move your mortgage before the end of any special deal period?
Are you liable for an early redemption charge from your existing loan
provider? Is the new deal financially viable for you long term or just
for now?
If you are considering a remortgage, it is important to weigh up all
the options and speak to an independent specialist to make sure it is
the right thing for you to do.
Mortgage
Directory |
Mortgages |
| Nationwide |
We are currently the second
largest online mortgage provider in the UK. We are one of the only
major mortgage providers with a full end-to-end online service,
providing a fully credit scored decision for successful applicants. |
|
| First Active |
At First Active, we've taken a fresh
approach to mortgages. We've made them easier to understand, easier
to arrange. No extended tie-ins - just the deal you sign-up for.
Our rates start low and stay competitive. And most importantly,
all our deals are open to everyone, not just new customers. So you
don't have to change mortgage companies every few years to get the
best deal. Our fixed rate mortgages offer great rates and fixed
payments – so you get the best of both worlds. And our discount
mortgages offer you our lowest possible variable rates for a set
period. Simple. Easy to open. Good value. That’s the way mortgages
are meant to be. |
|
| West Brom Building Society |
A wide range of mortgage products to
suit different individual needs all of which can be applied for
online. |
|
Adverse Credit Mortgages |
| Enable Finance |
Enable Finance specialise in providing
adverse credit re-mortgages to people looking to unlock cash tied
up in their home but have current or previous credit issues including
a poor credit history such as CCJ's & mortgage arrears. We have
a wide range of re-mortgages and can lend to applicants even without
proof of income. |
|
Commercial Mortgages |
| B2B Mortgages |
B2B mortgages are specialists in sourcing
Commercial Mortgages for sole traders, partnerships, limited companies
and investors. We search all lenders available for the lowest possible
rates. |
|
| Simply Business |
Whatever your financial situation and
need, Decision Finance endeavours to help you secure funding. We
work with the leading providers for each financial product and provide
you relevant, free quotes, most of them instantly. |
|
