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

[block id=”faq-page-bottom-section”]