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.
There are a few different reasons why you might decide to remortgage. It’s a great way to release some capital from your home and put some cash towards let’s say a new car, a wedding, a holiday or perhaps even to consolidate your debts. You can often also find yourself a better mortgage deal at the same time, so it’s a win-win.
Mortgages can seem difficult to navigate, and they can sometimes feel like you’re locked into the same product for years and years – but this isn’t the case. Just as you’d review your car insurance each year to ensure you’ve got the best deal, you should ensure you have the best mortgage product to suit you.
Switching to a more suitable deal on your mortgage is called remortgaging, and can be done at any time. It’s undeniably one of the biggest loans you’re likely to take out, so it’s important to make it work best for you.
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Free mortgage and protection services for essential workers
Over the past few weeks, we’ve been impressed and inspired by the incredible efforts of people in the UK, especially our doctors, nurses and carers, who are looking after those who are vulnerable or already affected during such a challenging time. Our thanks also go to other essential workers like teachers who are doing their utmost to help school children remotely and others doing equally crucial work, keeping food on our tables and keeping the country running.
Most of us have a mental list of tasks that we never quite find the time to tackle, from switching energy provider to getting the car cleaned. Here at Mortgage Light, we believe some are more important than others; the dog could probably go another couple of weeks without a full groom, but some of those jobs you’ve been putting off for a rainy day could save you money.