Remortgaging

Remortgaging means switching your existing mortgage to a new deal—either with your current lender or a new one—without moving home. It’s a smart financial move many homeowners make to reduce costs, release equity, or fund new goals.

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What Is Remortgaging?

 

Remortgaging involves taking out a new mortgage on a property you already own. This can be done to:

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• Replace your current mortgage with a better rate or terms

• Borrow additional funds against the value of your home

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Many homeowners choose to remortgage to benefit from more competitive interest rates or to adapt their mortgage to suit changing financial circumstances.

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Why Consider Remortgaging?

 

You might be thinking about remortgaging for one or more of the following reasons:

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• Reduce your monthly mortgage payments by switching to a lower interest rate

• Raise capital to fund home improvements or renovations

• Consolidate existing debts into a single, manageable payment

• Adjust your mortgage term or structure to suit your current financial goals

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At Mortgage Centre, we can help you evaluate your options and identify if now is the right time to remortgage.

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Important Considerations Before You Remortgage

 

Before switching your mortgage, it's important to look beyond just the monthly repayment:
 

• Total repayment period – A lower monthly cost could extend your overall mortgage term, increasing the total you repay over time.

• Early repayment charges – Some existing deals carry penalties for leaving early.

• Fees on the new mortgage – These can include product fees, valuation fees, and legal costs.

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We’ll help you weigh the full cost versus the potential savings to ensure remortgaging is truly the right move.

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Tailored Remortgage Advice

 

Whether your current mortgage deal is ending or you're simply exploring better options, our expert mortgage advisors will:

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• Review your financial situation and goals

• Compare a wide range of deals from both high street and specialist lenders

• Offer unbiased advice to help you find the most cost-effective and suitable remortgage option

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Ready to Review Your Mortgage?

 

Remortgaging can be a powerful way to make your money work harder. Whether you're looking to save, raise funds, or take more control of your mortgage, Mortgage Centre is here to help you make a well-informed decision.

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Get in touch today for a free remortgage review and see how much you could save.