Category: Remortgages

A mortgage is a long term commitment, but that doesn’t mean you have to stay with the same lender for the entire duration of the loan. Remortgaging is a common way of securing a better rate once an introductory fixed-term deal has ended. But what does it mean to remortgage a house?

If you are wondering whether or not it is wise to remortgage your house, there are definitely a few things to consider. A remortgage on your home can be an incredibly beneficial approach as it has the potential to save you a considerable amount of money on your monthly repayments.

Remortgaging has become common practice in recent years as homeowners look to lock in lower interest rates as their fixed rate deal expires. This raises the question: how many times can you remortgage to lock in lower rates?

If you need some funds to carry out some renovations in your home, you could access those funds by remortgaging. Of course, you may be able to get the necessary cash by taking out a personal loan or even a further advance on your current mortgage, but remortgaging is a strong option for some people.