Remortgage
Mortgages & secured lendingSwitching your mortgage to a new deal, either with your current lender or a new one.
Overview
Remortgaging can help you secure a better rate or release equity.
There may be fees for leaving your current deal early.
Why it matters
- It can reduce monthly payments.
- It can change your loan terms and total cost.
- It affects affordability assessments.
FAQs
Does remortgaging affect my credit score?
It can involve a credit check, which may create a hard search.
When should I consider remortgaging?
Often when your fixed rate ends or when better deals are available.
Related terms
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