WHAT IS A RE-MORTGAGE?

A re-mortgage usually involves moving a mortgage secured on a property from the existing lender to another mortgage provider which should provide the applicant with either a more competitive rate &/or more appropriate features.

POSSIBLE REASONS TO RE-MORTGAGE:

• Desperate need to reduce outgoings.
  
• Spending although affordable is at high cost.
  
• Present lenders & products for mortgage or loans are inappropriate.
  
• Circumstances may have changed making present finances inappropriate.
  
• Change in family situation, marriage, kids, divorce or retirement.
  
• Change in Employment or Self Employment makes present finances inappropriate.
  
• Past credit history may not now apply & more competitive products may be available.
  
• Capital raising is required either now or in future.
  
• Credit card debt is growing out of control.
  
• A 2nd charge is present on the property increasing the chance of repossession.

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