Frequently Asked Questions
FAQ Topics

Why do people remortgage?

There’s a few reasons why people remortgage. The most popular reasons is so they can transfer the mortgage to a better interest rate.

The process of remortgaging means you will have a new mortgage from a new lender.

So this is the opportunity to make some changes such as:

  • Change the mortgage term – extend or reduce
  • Change the repayment method
  • Borrow more money
  • Maybe reduce your mortgage
  • A transfer of equity remortgage changes who is on the mortgage
  • Change to a more flexible arrangement

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