Remortgage

Remortgage?

Renovations and Add-Ons

Remortgage is a term that you’ll hear a lot. Why? Because a remortgage allows you the flexibility to do what you want with your home. It’s a way of making it just the way that you want it. You don’t have to move in order to benefit from a new loft conversion, extension or larger patio. You get to experience one or all of those things without having to up-root the family and all of your belongings.

That’s not to say that a remortgage is right for everyone. It’s something to consider but may not be right for you.

Do I Have to Find a New Lender in Order to Remortgage?

No, you don’t. In most cases you will be able to release some money from your current mortgage provider. It’s still advisable to look around at other lenders offerings though. You may find a fantastic rate that your current provider simply cannot match. These days, switching to another lender is easy. Let a broker do it for you or do it yourself. It’s not as scary as it sounds.

Just Get a Better Rate

A remortgage isn’t just used for upgrading homes. You can apply for one simply to take advantage of a better rate if your current deal has run out or is due to run out soon. This is where shopping around is advisable.

Check out a free mortgage rate calculator. Instant access to many rates in 2020.

You don’t have to make any decisions right away. Take some time to do some research. With so many lenders and differing rates out there, it’s important to find the right deal for you and your circumstances.

As we all know, rates are pretty low right now. It’s a great time to take advantage of them and renew your deal or find a better one elsewhere.