| Product type |
Remortgages
|
| Pay Rate |
5.69% |
| APR |
6.9% |
| Expiry Period |
3 Years |
| Max LTV |
85% |
| ERC |
5% |
| Arrangement Fee |
£585 |
Not the right mortgage for you? VIEW MORE
Remortgaging is the process of moving your mortgage loan from one lender to another without moving home . Remortgaging an existing deal is becoming increasingly popular for a number of reasons.
· You may be coming to end of a fixed or discounted rate period and your repayments may be about to increase. Your existing lender is not offering an attractive new deal so you want to see what else is available.
· Your original mortgage may have been right for you at the time, but now your circumstances have changed and you wish to switch to a different type of mortgage. E.g. you might want to switch to a variable product that allows you to pay more into the mortgage to reduce the term.
· You may wish to borrow more money using the equity in your property to help finance a home extension, consolidate other debts, use to help purchase a 2nd property for investment or holiday purposes.
Most product ranges such as fixed, discount, tracker, flexible etc. are available in remortgage form.
Many lenders will fast track applications to enable the change of lender to happen quickly and some offer products with free legal services and valuations so there is no charge to the customer to switch. However, an early repayment charge may be payable and it is important to consider this and any other charges that may apply.
To find out more about this type of mortgage call us on 0845 071 4414