31/07/2026
Sometimes in the mortgage world, we get used to acronyms, terms, and other industry-specific words and phrases because we use them day to day.
It could be that you’ve heard the phrase and don’t know what it means, or, just want a little insight into how mortgages work.
📌There are many reasons you might want to re-mortgage your home. Some people might want to reduce their monthly payments or want to raise some extra money for home improvements. However, knowing when to re-mortgage is very important.
📌When interest rates are rising
If you are currently on a standard variable rate, it’s very likely your monthly payments are going to increase. Re-mortgaging and switching to a better deal and fixing the rate for a period gives you the confidence your payments aren't going to increase.
📌When you are coming to the end of your current mortgage deal.
When your current mortgage fixed rate period comes to an end you will automatically be moved to your lender's basic deal. This usually means you end up paying more than you are used to.
📌When you need to unlock equity
Some people also decide to re-mortgage when they have built up a certain amount of equity in their property, or if they need to unlock the equity and release it from the property. If your home has increased in value since you took your mortgage out, this means you will end up in a lower loan-to-value bracket (LTV). Usually, the more equity you have in your home, your chances of being offered lower interest rates are greater.
If you're unsure of what to do or think you could benefit from some advice please give me a call or send me an email with the details below.
📱07881274224
📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*
