Usually, it replaces an existing mortgage loan secured on a property with a completely new mortgage loan.
Available to existing mortgage holders, a remortgage acts as a replacement mortgage for those whose circumstances, or requirements change during the repayment term. A new loan secured on an un-encumbered property (this is a property that you already own, but you do not currently have a mortgage on ) is also classed as a re-mortgage.
People choose to remortgage for a variety of reasons:
Our qualified remortgage consultants are always ready to advise you of the most suitable re-mortgage products to suit your needs. Why not remove the hard part of re-mortgaging and let us find the right product for you?