People remortgage for many different reasons, such as to release equity which can help repay expensive cards or loans, carry out home improvements or start a new business.
You can remortgage by switching your current mortgage to another policy with your existing provider, or someone completely different.
As long as you are a UK resident, receive a regular source of income, over 18 years and your total debts currently secured against your property does not exceed 90% of its value, then you should be eligible to remortgage.
For more information from our specialist advisors, please contact us free on0808 131 9107.
LOANS MAY BE SECURED ON YOUR HOME. THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
For mortgages and re-mortgages the overall cost for comparison is 5.5% APR variable and for secured loans 6.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.