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Remortgaging

Remortgaging means switching your mortgage to another deal sometimes with another lender without moving property.

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Remortgaging is where you take out a new mortgage on a property you already own, either to replace your existing mortgage, or to borrow money against your property. Many borrowers choose to remortgage in order to take advantage of the latest interest rates on offer.

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As a current homeowner, you may make the decision to remortgage for a number of reasons.

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  • To potentially reduce your monthly expenditure by switching to a better deal, this will be dependent on your needs, circumstances and preferences.

  • In order to consolidate debt or raise funds

  • To carry out home improvements
     

If you are looking at switching mortgage, look at the overall repayment period too. Your monthly cost may be less, but don't forget to check the final repayment date of your mortgage as it may be longer than your current deal.

Why not contact us with the date your current mortgage ends?
We can contact you nearer the time to discuss your requirements and advise on a suitable mortgage.

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We promise to recommend the right mortgage for you.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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Consolidating debt may reduce your outgoings now, however you may pay more interest over your mortgage term.

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You may have to pay an early repayment charge to your existing lender if you remortgage.

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Think carefully before securing other debts against your home.

Explore our website for information on bad credit mortgages

Mortgage Centre is a trading style of  Kulbinder Kumar which is authorised and regulated by the Financial Conduct Authority

We are entered on the Financial Services Register No 785806 at https://register.fca.org.uk

 

Our broker fees are based on 2 considerations, the loan amount, and the complexity of your individual circumstances. The exact amount will be discussed and agreed with you prior to the commencement of any chargeable work.

 

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK

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Should you have cause to complain, and you are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service
Exchange Tower, London, E14 9SR

 Tel: 0800 023 4567 or 0300 123 9 123

http://www.financial-ombudsman.org.uk

 

Address: 431 Bearwood Road Bearwood Birmingham B66 4DF

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