Is it time to remortgage your home?
A remortgage is basically a replacement loan (mortgage) for one that is already in force. The replacement loan may be with your original lender or with a different lender, and there are a number of reasons why you may wish or need to remortgage:
- If you are reaching the end of your existing deal and want to avoid paying your current lender’s higher standard variable rate.
- To secure a better mortgage rate and save some money on your monthly repayments. You may also want to fix this mortgage rate for a period of time for peace of mind that the payments will not go up; many lenders allow you to fix the term for 2,3,5 or even 10 years.
- If you need to raise additional funds for an extension or other home improvements.
Our team of independent mortgage advisers at George Square Financial Management have access to the whole of the mortgage market (and often broker-only deals which are not available to the public). So, if you are looking to remortgage then leave it to us and we will do all the leg work for you.
To arrange a free consultation with one of our mortgage advisers, call George Square Financial Management on 0115 947 5545 or contact us online here.
Your home may be repossessed if you do not keep up repayments on your mortgage. Equity release may be arranged as a lifetime mortgage or a home reversion plan. To understand the features and risks ask for a personalised illustration.