Self Cert Remortgaging

Re-mortgaging is where you wish to stay in the same property, but would like to change your mortgage lender or mortgage deal.

With more choice, the chance of finding a mortgage that suits your requirements and budget is better than ever. The main reason for re-mortgaging is that you might be able to save money with a new deal, or to raise additional capital.

There is no longer any reason to stay with one lender for the duration of the term of your mortgage, and people are increasingly ready to change every few years to obtain the best deal. You may also be interested in finding a deal that gives you more flexibility, or you may be looking for the stability of a fixed rate. Why stay paying a higher rate of interest than offered to new borrowers?

If you want to release the equity that you have in your property and the market value of your property is higher than the mortgage you have outstanding, a lender may allow you to increase the mortgage you have. Any money left over after you have repaid your existing mortgage will then be available to you.

Many lenders will allow you to remortgage for; consolidation of financial commitments, capital raising for holidays, cars, divorce settlements, home improvements, to buy property to rent out, to buy property abroad or simply to switch and save changing to a lower interest rate.

In short a re-mortgage is about saving money. In days gone by re-mortgaging could be a complicated process. Now however, lenders are desperate to steal customers from their competitors and will offer deals deliberately aimed at doing this. Review your current deal. If you feel you're paying excessive rates of interest, compared to rival lenders then a remortgage may save on your monthly payments.

Disclaimer-This is an independent marketing website and not a lender or broker. We do not sell or recommend mortgages. We pass on your enquiry to mortgage providers. We cannot and do not offer financial advice. We are not responsible or liable for any financial service or mortgage product obtained through a third party. A mortgage enquiry from any page in this site does not constitute an application or offer to provide a mortgage or remortgage. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
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