When you Remortgage its highly likely that your existing deal is coming to an end and you are looking to switch your mortgage to another deal, and sometimes to another mortgage provider

Get A Better Deal From Another Lender

Remortgages can be used for various reasons. However, most people simply switch mortgages because it will work out cheaper for them. For example, the introductory rate may have finished with your current lender and therefore you could potentially get a new rate or a lower APR with another lender.

Another example is when you may need to remortgage to carry out home improvements or possibly to consolidate some existing debts.

It is worth noting that a remortgage is not the best option in all cases. Even if the lender you are considering switching to is offering a lower APR, you must take into consideration the facts that:

• The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage with your current lender.
• If you switch mortgage remember to look at the overall repayment period. You may be able to pay less monthly, but check the final repayment date of the mortgage as well.

Securing short term debts against your home could increase the term over which they are paid and therefore increase the overall amount payable.

Also you may be able to switch your mortgage deal with your current lender, avoiding any unnecessary costs. Many lenders will allow you to switch your mortgage deal reasonably frequently. We can help to find out what new deals your existing lender is offering.