Financial Services > Mortgages > Re-mortgages


There is an increasing appreciation of the fact that mortgages are portable, and need not stay with the same lender for the whole of the term intended at the outset.

Competition amongst lenders is such that there are times when more attractive terms are available elsewhere, and the cost of moving your mortgage to the new lender is either insignificant or recouped within a very short time.

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When a mortgage is being moved from one lender to another, it presents an opportunity to either repay a large amount from the debt, or alternatively to increase the debt to release cash to fund home improvements, a new or expanding business venture, divorce settlements or to repay debts that have mounted up on credit cards, store cards or personal overdraft.

If the overall amount of your mortgage is changed during the process of a remortgage you should give thought to any insurance protection associated with the original loan to make sure it is still appropriate to the new level of borrowing.