Are you at the end of your current mortgage deal? Or already on your bank’s standard variable rate? If you’re looking for ways to save money and reduce your monthly outgoings, remortgaging could make a bigger difference to your cashflow than anything else.
Around one in three of all mortgage loans are taken out for the purpose of remortgaging. A remortgage is the acquisition of a second mortgage loan, often used to replace an existing mortgage or borrow money against the value of a property. Here are the most common reasons why homeowners remortgage.