Remortgage

If you’re on a variable or tracker rate mortgage, your interest rate could increase at any time, increasing your monthly repayments. By remortgaging to a fixed-rate mortgage, you can lock in a lower interest rate and save money on your monthly repayments.

Your current Mortgage might not be the best deal available to you. By re-mortgaging, you could find a better interest rate, lower fees, or more flexible terms that better suit your needs.

If your property has increased in value since you took out your current Mortgage, you might be able to re=mortgage and remove some of the equity. This could fund home improvements, pay off debts, or other purposes.

If you have other debts with high-interest rates, you could remortgage and use the equity in your property to consolidate your debts into one loan with a lower interest rate.

*Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, however you may pay more interest over your mortgage term.

Your circumstances may have changed since you took out your current Mortgage. You might want to switch to another kind of Mortgage that better suits your needs. For example, you might want to switch from an interest-only mortgage to a repayment mortgage or a fixed-rate mortgage to a tracker mortgage.