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Remortgaging, also known as refinancing, involves switching your current mortgage to a new one, often with a different lender.
Remortgaging your home can make good financial sense if you’re a homeowner and want to take advantage of a better deal. However, there are a number of advantages and disadvantages that you should be aware of before you start a remortgage application.
Here are the key advantages and disadvantages of remortgaging:
If you’re interested in remortgaging your home and would like to know if you’re eligible, please talk to our team of expert mortgage advisers and we’ll talk you through your options. Call us on 08454 500200 or email firstname.lastname@example.org make an enquiry.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
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