Find the Best Remortgage Deals
Remortgaging has a number of benefits, including:
- Cutting monthly repayments
- Releasing equity in your home
- Debt consolidation
There are plenty of reasons why you may be looking to remortgage - to release equity, move home or simply just because your current deal has ended and you want to find a better rate than your bank's variable.
If you are looking to save money on your existing mortgage or would like to find a mortgage that is better suited to your current needs, then you may be thinking about remortgaging your property.
As you take a look at the marketplace, you are likely to come across a number of remortgage deals, each offering different features that may appeal to you. It is therefore strongly recommended that you take the time to go through each of these mortgage deals individually, to ascertain which might be most beneficial to you.
To assist you in your search for remortgage deals, we have compiled the following comparison tables which include details of a number of different remortgage products that you may be interested in.
Whilst searching for remortgage deals, it could be a good idea for you to think about the following:
- Compare several remortgage deals
As the remortgaging market is likely to be highly competitive, it would be worthwhile to compare different products from different lenders to ensure that you are getting the best possible rates available.
- Whether you would prefer tracker or fixed rate interest
Tracker interest rates are variable and can move up or down with the Bank of England base interest rate, whereas fixed rate interest is set at a particular amount for a predetermined period.
- Use a mortgage calculator
Mortgage calculators are useful tools in that they could help you to work out how much your remortgage could cost you in the long term, and whether or not it would be practical financially.
- Take into account remortgaging fees
Remortgaging your property is not usually cost-free; you will normally have to pay a number of fees which could include administration fees, exit charges as well as paying for your property to be valued.