How does it work?

Remortgaging is where you take out a new mortgage, on a property you already own and have a mortgage on. The new mortgage takes the place of the mortgage you originally had on the property.

You could save money or find a product which better suits your needs by remortgaging your home. Suitability will very much depend on your specific circumstances.

Is remortgaging suitable for me?

• The introductory deal on your current mortgage is due to end soon and you’d like to avoid being transferred onto your lender’s Standard Variable Rate (SVR).
• You want to consolidate multiple other debts.
• You need money to fund home improvements.
• You are looking to raise capital for a large expense coming up or you want to help your children with a deposit.

Remortgaging is not suitable for everyone and we recommend that you speak with an adviser as there are a number of things you should think about before making your decision.