Do you feel that you are stuck in a disadvantageous mortgage and paying an exorbitant rate of interest? Perhaps, you have not explored the remortgage route yet. Quite simply, remortgage, or refinancing, is a commercial transaction in which you pay off one mortgage with the proceeds for a new mortgage, the subject matter of mortgage remaining the same.

Remortgage

Remortgage essentially implies switching the mortgage deal or the lender in favour of a beneficial mortgage product. Most UK remortgages involve the transfer of a mortgage from one lender to another, or from one product to another with the same lender. It does not mean that you have to move your home or take out a second mortgage on the property. Apply Here