Residential Remortgage

Residential Remortgage

Residential Remortgage

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.

Have a question

Give our experienced team a call and we’ll be happy to talk you through our process

0117 371 0062 Lines open: Monday – Friday: 09:00 – 20:00 . Weekends: 10:00 – 16:00

Key things to know about Remortgaging

What is a remortgage?

If your mortgage deal is about to finish it makes sense to shop around for a new rate, these tools and guides will help you get started.

  • How much is my house worth?
  • I have an early repayment charge, should I switch?
  • How do I remortgage my home?

When can I remortgage?

Timing is everything, getting a new deal in place can avoid you paying an expensive standard variable rate.

  • I have an early repayment charge, should I switch?
  • When can I remortgage?
  • Questions to ask when remortgaging

What else do I need to know?

Other useful information about remortgaging your home.

  • Do I need life insurance?
  • What are the different types of mortgage?
  • How much does it cost to remortgage?

Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it.