Remortgage is when the deal with your current lender is due to finish (I.e your fixed rate is ending). You can start the process as soon as 6 months in advance of your current deal ending. You can secure the deal to make sure you are getting the best rate and product matching your needs and circumstances.
When you remortgage, it also gives you the opportunity to borrow additional monies for things such as home improvements, or even paying off existing unsecured debts.
With our free to use mortgage calculator, find out what your next monthly payment could look like.
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Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.