A remortgage is where you take out a new mortgage on your existing property. There could be many reasons for why you may want to stay in your current home but would like to find a better, more suitable product.  

Reasons to remortgage

In these uncertain times borrowers are increasingly looking for added security and moving to a fixed rate mortgage could help provide you with certainty in monthly payments

Raise extra money to fund home improvements

Setting a lower interest rate could mean potential savings

How does a remortgage work?

In its simplest form, remortgaging means changing the product for the loan on your home. A remortgage can take anywhere from six to nine weeks from initial enquiry through to completion so, ideally, you should start to look before your current deal is coming to an end.