Remortgaging

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People look to remortgage their property for a number of reasons. Sometimes it’s simply to get a better rate than their current lender can offer. (NB you may have to pay an early repayment charge to your existing lender if you remortgage - we can advise about that).

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​​​But remortgaging also becomes advisable - even necessary - in a number of other scenarios:

• Raising funds (for example for improvements to your property). You can raise additional funding against your property in certain situations.

      

• Debt Consolidation. Paying your debts off with a mortgage can potentially be a better option than paying heavy credit card interest rates.

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          (NB think carefully before securing other debts against your home. You may be 

          repossessed if you do not keep up payments on your mortgage).

• Relationship break-up. Sadly, one of the things you might need to consider following the break-up of a relationship, is what happens to any shared property.

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