Find out how to remortgage your home, with information about everything from mortgage products to the costs involved to rates. Remortgaging is a vital part of owning a home if you’re on an initial rate, be it fixed-term, tracker or variable.
If you’re remortgaging to a new lender directly, you’ll find the experience slightly different depending on whether you remortgage with a traditional lender or an online lender like Molo. The key difference is that traditional lenders will usually ask you to fill out paperwork and to book an appointment to speak with them before they …
Should you remortgage to a new lender? Remortgaging with a new lender can help reduce your monthly mortgage payments or raise cash by releasing equity in your property. It’s typically done at the end of your current mortgage deal’s term but it can also happen during the term, although you’ll usually be charged a penalty …
8 reasons to remortgage your home Remortgaging has long been a requirement for homeowners after their initial fixed-rate period ends. And while new longer-term fixed-rate mortgages are coming to the market, it’s likely that you’ll still need to remortgage on your current deal at some point. After all, around a third of mortgages in the …
Part and parcel of getting a mortgage Remortgaging is part and parcel of getting a mortgage and something most people do when their fixed-rate ends. While the tides are changing somewhat thanks to the introduction of long-term fixed-rate mortgages, most homeowners can still expect to remortgage at some stage. But how often can you remortgage, …
Many people get a remortgage in the UK. More than 450,000 remortgages were approved in 2020 alone, be it to buy a second home, access capital after the house value increased or simply switch to a better deal. In the buy-to-let world, remortgaging is also popular, especially if landlords want to borrow extra funds against …
