When is the Best Time to Remortgage?
Remortgaging can be a powerful tool to save money on your mortgage or release equity from your home to fund an extension or other home improvements. You may be able to stay with your current lender, but as with other bills, it’s important you shop around for the right deal. Your mortgage is probably your […]
Should I Remortgage in 2023?
Exactly what will happen with the mortgage market in 2023 remains to be seen, but hundreds of thousands of UK homeowners will likely be looking to remortgage at some point in the year. This guide will help you decide if you should remortgage in 2023, but it’s a good idea to let us know your […]
Can Remortgaging Damage My Credit Score?
Most homeowners remortgage at the end of their fixed-rate period to prevent being moved onto their lender’s higher Standard Variable Rate (SVR)*. But despite the common benefits of remortgaging, some homeowners fail to act, often resulting in them paying thousands more in interest than they need to. One of the reasons homeowners don’t remortgage is […]
Should I Remortgage in 2022?
The UK saw a ‘flurry of remortgaging’ in the tail end of 2021, as homeowners rushed to lock in a low rate. In fact, according to the Bank of England, borrowers were enjoying the lowest ever rates in November 2021*. So will this trend continue into 2022? Is there still an opportunity to save money […]
Can I Remortgage if I’m Self-employed or Freelance?
Remortgaging can save you thousands of pounds interest each year*, as it prevents you from being moved onto your lender’s higher Standard Variable Rate. You can also remortgage to release equity from your property to be used for home improvements, holidays, to buy a second property, for debt consolidation or for other acceptable purposes. Being […]
Can I Remortgage if I’m Over 60 or Retired?
Common reasons for remortgaging when you’re over 60 or retired are to release equity from your home or to reduce your monthly mortgage payments by securing a better rate. As an older homeowner, you may have built up a considerable amount of equity in your property – either through an increase in property value or […]
Do I Have to Pay to Remortgage?
Remortgaging could be one of the most financially savvy things you do as a homeowner. The question of whether you have to pay to remortgage is an interesting one because although there will likely be some upfront costs, when done correctly you can actually save a considerable amount of money by remortgaging – often thousands […]
Should I Remortgage Before Interest Rates Increase Further?
With inflation on the rise, the Bank of England is expected to continue increasing the base rate incrementally over the coming years. If you’re on a variable or tracker mortgage, you’re likely already experiencing higher monthly repayments, which will likely keep increasing in the months ahead. If you’re on a fixed-rate deal, you may be […]
How Much Can I Remortgage My House For?
How much you can remortgage your house for depends on various factors, such as your reason for remortgaging. You may be remortgaging to switch to a better deal, especially if you are reaching the end of a fixed-rate mortgage to prevent being moved onto your lender’s higher Standard Variable Rate. Or you may be remortgaging […]
Remortgage to Release Equity Buy To Let
It’s usually a good idea to remortgage your property before the end of a fixed rate deal to prevent being switched onto your lender’s higher Standard Variable Rate. However, you can also remortgage to release equity from your property as tax-free cash and this is a popular way to borrow. In this guide, we’re going […]
