Remortgaging
People remortgage for all sorts of reasons. The most common are to reduce monthly payments by switching to a lower interest rate or consolidating debts such as loans and credit cards.
Remortgaging can also be a way of raising money to fund home improvements or provide a deposit to purchase a property to rent out.
Switching your mortgage is usually easy to do. And in many cases the lender may pay your valuation and legal costs.
On top of that, if you have a good payment history and a reasonable amount of equity you could be offered some of the best deals on the market, potentially unlocking the equity in your property.
Think carefully before securing other debts against your home. Your property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. The Financial Services Authority does not regulate certain aspects of Buy to let mortgages. There may be a fee for mortgage advice, the precise amount will depend on your circumstances but we estimate that it will be £195.
Pacific Financial Services (North West) 150 Briercliffe Rd Burnley Lancs. BB10 2NZ is authorized and regulated by the Financial Services Authority We are entered on the FSA register No 302245 at www.fsa.gov.uk/register. There may be a fee for mortgage advice, the precise amount will depend on your circumstances but we estimate that it will be £195. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Your property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. The Financial Services Authority does not regulate some aspects of buy-to-let mortgages or secured loans.
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