Remortgage is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security.
The process of remortgaging does not usually involve moving house or taking out a second mortgage on the property; it is in effect the transfer of a mortgage from one lender to another. Homeowners may choose to remortgage for various reasons, usually to reduce the overall monthly mortgage payment amounts. However, other reasons may include to reduce the size of repayments, to pay off a mortgage earlier, to raise capital, or to consolidate other more expensive short term debts.
We at Simply Mortgage Place understand the importance of getting a good rate on your remortgage application therefore we provide impartial advice to find you the best remortgage deal. Whether you are remortgaging to secure a new fixed rate, save money, consolidate loans/credit cards, or to raise money from your property then we will be happy to help whatever your circumstances.
We are able to search thousands of re-mortgage deals on your behalf in order to match your individual needs across the whole of market, and we tailor your re-mortgage to fit your personal circumstances.
Simply Mortgage Place will complete all of the paperwork for you, liaising with solicitors, lenders and surveyors throughout the process, to make sure your re-mortgage goes as smoothly as possible. Get in touch today to discover what our service can do for you.