The remortgage process refers to switching your current mortgage to a new deal, either with your existing lender or a different one. This is typically done to secure a better interest rate, change the type of mortgage, or release equity from your property.

Whilst many people think this is an easy process, it should not be underestimated. There are many things to consider when moving your mortgage from one lender to another.

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Benefits of Remortgaging

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      Lower interest rates: Secure a more affordable deal if your initial fixed rate has expired or you’ve been on your lender’s standard variable rate (SVR).

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      Access to equity: If your property has increased in value, you may be able to release equity for home improvements, debt consolidation, or other financial needs.

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      Better deal terms: Switching can help you access better mortgage terms, such as lower fees or a more flexible repayment structure.