15/11/2022
There are a lot of similarities between a remortgage and a rate/product switch but depending on your situation one will be the better option for you. It's the job of your mortgage broker to figure out which is best for you.
If you are time sensitive, a product transfer may be more suitable as there is less paperwork and, since you aren’t changing lenders, the overall process is usually quicker and there's little or no fees involved.
Remortgaging can offer a range of benefits from finding lower rates, a more flexible mortgage, borrowing more money, extending or reducing the term. It may also come with a lot of the fees that a standard new mortgage comes with (property valuation, solicitor fees, conveyancer fees etc.).
These factors will all be considered by your mortgage broker to ensure you're getting the best and most suited deal to you.
If your mortgage is coming to an end within the next 6 months, get in touch for advice
08000 727285
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