“Remortgaging means moving your mortgage from one lender to another to get yourself a better deal” Mark Jones, MDJ Mortgages.
You can remortgage without moving home and whilst there are many reasons to remortgage the main one is very simple – saving money, big money!
For many of you, your mortgage will be your biggest financial commitment and if you can streamline your biggest debt then you can make the largest saving. If you shop around for the best deal on a new TV, broadband, utility bill etc then why not shop around for the best mortgage deal as well?
It is important to look at remortgaging, as once your introductory offer has ended you will be automatically placed on the lenders Standard Variable Rate (SVR), and this is unlikely to be the cheapest option. You may need to pay an early exit fee if you do leave your current lender but the saving you can make by switching far outweighs any fees.
We can help you consider all your options and make an informed decision finding the right mortgage for you.
Contact us today to discuss your options.
*Your home may be repossessed if you do not keep up repayments on your mortgage
*You may have to pay an early repayment charge to your existing lender if you remortgage