🤖 AI Mortgage Conference 2025
📅 Tuesday, 21st October 2025
9:00 AM – 3:00 PM (UK Time)
📍 Central London
🎯 Exclusive for Mortgage Brokers
📊 AI Tools & Strategies for Brokers
🤖 AI Mortgage Conference 2025
📅 Tuesday, 21st October 2025
9:30 AM – 3:00 PM (UK Time)
📍 Central London
🎯 Exclusive for Mortgage Brokers
📊 AI Tools & Strategies for Brokers

Remortgaging What? Why? When? Find out more!

By c-admin

Video Breakdown

0:00 – introduction

0:16 – Overview

0:33 – Why remortgaging

0:43 – What is remortgaging

1:05 – Get a better deal

2:19 – Home improvements

2:40 – How hard is it

3:00 – What you need

Video Transcript

What is remortgaging, why should you do it, and can it save you money?

Introduction

Hi, welcome back to our channel. Here at WIS, we talk about:

  • Money
  • Mortgages
  • Positive money mindset

If that interests you, hit the subscribe button and the thumbs up so you don’t miss out on our videos.

In today’s video, we’ll be discussing:

  • What is remortgaging?
  • Why should you remortgage?
  • Can you save money by remortgaging?

What is Remortgaging?

Put simply, remortgaging is when you switch from one lender to another but remain in the same property.

Reasons to Consider Remortgaging

There are several reasons why you may think about remortgaging:

  • To get a better deal
  • To consolidate debts
  • To raise funds

1. Getting a Better Deal

It can be worth remortgaging to take advantage of better interest rates.

Often, when an initial mortgage period ends, your lender moves you to their standard variable rate (SVR).

This SVR may not be the best deal for you and can mean you end up paying more.

Shopping around could help you secure a better rate → reducing your monthly repayments and the overall cost of your mortgage.

Tip: Start looking a few months before your current deal ends. That way, you’re ready to switch immediately and start saving money sooner.

At WIS, we offer free advice and zero broker fees. If you’re considering remortgaging, drop us an email to discuss current rates.

2. Consolidating Debts

You can sometimes use a mortgage to consolidate other debts, such as:

  • Loans
  • Credit cards

This can help reduce your monthly outgoings.

However, it’s important to seek specialist advice if you’re consolidating debt.

Speaking to a mortgage advisor (like us at WIS) is strongly recommended.

3. Raising Funds for Home Improvements

Remortgaging can help you raise money for major improvements, such as:

  • An extension
  • A new kitchen

Again, we strongly recommend you seek financial advice to make sure this is the most suitable option for you.

How Hard Is It to Remortgage?

Remortgaging is generally simpler than buying a home, because the property deeds are already in your name.

The new lender will:

  • Undertake a valuation of your home to confirm its current worth.
  • Require you to use a solicitor or conveyancer to complete the financial transaction.

At WIS, we offer an end-to-end tracking service to make the process smoother.

Final Notes

For more information on remortgaging, speak to a mortgage broker.

If you don’t already have one, you can contact us here at WIS.

We’re always happy to help, offering free advice and zero broker fees.