Remortgages

In recent years remortgaging has become a much simpler and more common process. More and more lenders are offering specialist remortgaging services - often with free legal and arrangement fees.

You can also use remortgaging to release the equity that's built-up in your property over time. If you have owned your property for several years, it could be worth more than your outstanding debt therefore taking out a larger mortgage could release some extra cash. This could be spent on home improvements, a new car or a luxury holiday if you like.

When you re-mortgage, you are essentially replacing your existing mortgage with a new one, shifting your debt from one lender to another. There are thousands of mortgages available across the market and My Personal Finance will take into account what different lenders are offering at present and find the best deal for your new circumstances.

Think carefully before securing other debts against your home.  You home may be repossessed if you do not keep up repayments on your mortgage.

We reserve the right to charge up to 1%, typically this will be £250. If you arrange protection with your mortgage then we will waive the fee.