Frequently Asked Questions
What does remortgage mean?
When you remortgage it means that you are changing your mortgage lender but without moving house. The new mortgage is still secured against the same property.
Typically borrowers will look to remortgage when their interest rate product comes to an end. It is then an opportunity to search around for a better deal and maybe save some money each month.
The more equity you have in the property, the more competitive rates you can qualify for.
Remortgaging will mean applying for a new mortgage with a new lender so it’s a good idea to talk over your options with your mortgage broker.
You may find these pages helpful:
[block id=”faq-page-bottom-section”]