Remortgaging

Remortgaging is the process of switching your current mortgage with another. This could potentially be better for your situation whether that be cheaper monthly payments or total amount payable.

However, it isn’t always the best option. There are times where savings made from the cheaper interest rates could be overshadowed by the fees of setting up the new mortgage. The final repayment date could be longer than your current deal which could mean an increases in the total amount payable.

Should you want to consider this process, get in touch with our team and we will try to offer the best advice on the matter.