Remortgaging is where you switch the mortgage on your home to another lender or negotiate a better deal with your existing one. It effectively means replacing your current mortgage contract with a new one.
Most people remortgage their homes for various reasons, it could be your deal is coming to an end, for better rates or would like to borrow a little extra to consolidate debts or pay for home improvements.
Having to remortgage every few years is a complete pain – before you know it, it is time to start again researching and evaluating the different mortgages on offer from all the different lenders.There are many mortgage lenders offering different rates, fees and promotion deals.
With access of whole market, JJP Financial will make it a lot easier for you by sourcing and arranging the most suitable remortgage deal to suit your needs and rechecking them periodically as the years tick by.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.