Remortgages Explained

Remortgaging is the process of switching mortgage lender, or in some cases staying with the same lender whilst switching mortgage products. It is a cost effective, and perfectly legal way, of saving money and raising capital.

When you remortgage you are ending your current mortgage and starting a new mortgage - often with a lower interest rate. In most cases this will mean switching mortgage lenders in order to enjoy the introductory incentives offered by other mortgage lenders.

More money can be saved by obtaining a remortgage than by changing utility services, credit cards, insurance providers, bank accounts and so on. Previously homeowners used to keep their mortgages with the same mortgage provider for the duration of their term – but increasingly people are realizing the benefit of remortgaging, allowing them to consolidate any outstanding loans, reduce their monthly repayments and raise cash for home improvements or other purposes.

Adverse Credit History Remortgage

So you want to enjoy the benefits of a remortgage but you have a less than perfect credit history?

If you have experienced any of the following we may be able to help:

1. Mortgage or rent arrears
2. County court judgments (CCJ) or decrees
3. Previously declined
4. Bankruptcy

By shopping around for the best remortgage rates, thousands of UK homeowners are reducing their monthly repayments and releasing the positive equity stored in their houses.

As Introducers to whole mortgage and remortgage brokers who are not tied to any one mortgage lender, bank or building society - you get access to all UK lenders to find the best remortgage products regardless of your credit history.

To discover how much you could save with a remortgage, use our free online mortgage calculator or for information and advice on mortgage interest, fill in our remortgage enquiry form today!