What is a Remortgage?
If you are a homeowner and are struggling with your debts, a remortgage may be the best option as an answer to your problems. This allows you to release equity on your home which you can use to pay off your debts.
There are different ways to remortgage. You can switch your mortgage to a different policy (possibly with a better term or interest rate) or you may switch mortgage providers.
Pros and Cons of Remortgaging
| Advantages of Remortgaging |
Disadvantages of Remortgaging |
| • Helps you to save money |
• Longer repayment period of your mortgage |
| • Clear off all your debt in one lump sum |
• Be wary of redemption penalties if going from one provider to another |
| • Can reduce your monthly mortgage repayments & gett you a better rate of interest |
Do I qualify for a Remortgage?
The best way to see if you qualify for a remortgage, or any of our other solutions, is to speak to one of our friendly financial experts. All advice is free and we will help you achieve your best possible solution. We strive to help you no matter what your situation.
To find out more call 0800 043 5135 or fill out our the call back form at the bottom of this page.
*All our help and advice is totally free and confidential.
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