By remortgaging, you may be able to access some cash against your home. This is known as equity. It’s the difference between your home’s current value and the amount owed on your mortgage.

Over time, you may find that the value of your property has increased as property prices go up, or following some home improvements you may have carried out. At the same time, you may have paid down your mortgage borrowing. Either of these events will result in an increase in the amount of equity available in your home. Combined, they can have quite a significant impact on the amount of it.

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With thousands and thousands of babies born each year in the UK, remortgaging whilst on maternity leave is a common concern. Remortgaging during this period can sometimes cause confusion and worry. If you’re having a baby, your life and your financial situation is likely to have changed a lot since your last application. [Read more…]

Remortgaging allows you to make sure you always have the best mortgage product available for your current personal circumstances. Although you don’t have to remortgage, it’s always worth exploring your options when the opportunity arises to see what deals are out there. You might find a more suitable mortgage product with an alternative lender, or you may be able to simply switch to a better deal with your current lender. [Read more…]

A mortgage should be seen as something that you review on a regular basis, particularly at the end of any fixed or tracker term, to make sure you are getting the best deal for your circumstances – just like you would with your car insurance. This remains the same for those who have used the government Help to Buy equity loan scheme to purchase their home. [Read more…]

You might assume that you can’t remortgage until your current mortgage term is complete, but that isn’t actually true. It is possible to remortgage early, but it’s important to decide whether this is the right move for you financially. [Read more…]

When it comes to mortgages, some people want to pay it off slow and steady over a long period of time, and some people want to get it all paid up as soon as possible. The one thing everyone has in common is wanting the best deal they can.
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People remortgage for many different reasons. It could be to secure a better interest rate, to shorten or lengthen your mortgage term, to move onto a fixed rate mortgage or to pay off a lump sum of your mortgage. You might also choose to remortgage to pay off debt. [Read more…]

Mortgages aren’t as complicated as they seem – and the same can be said for remortgaging. It can feel like something you’re locked into for life, but this isn’t always the case. A mortgage isn’t a one-time purchase and should instead be considered as something you can review every few years, or when circumstances change, in order to help your mortgage work for you.

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