Remortgage Advice from a local Mortgage Broker
Sticking with your current lender after your initial deal comes to an end may seem attractive if their Standard Variable Rate is reasonable and may also seem less hassle, however, if you’re happy to shop around for a better rate, remortgaging could save you a significant amount.
There are many reasons to think about remortgaging. Not only could remortgaging reduce your monthly outgoings, it could alternatively help you pay off your mortgage more quickly in one of two ways. You could either reduce your monthly payment by remortgaging to a lower rate, freeing up cash to make overpayments, or alternatively increase your monthly payment and take your mortgage over a shorter term.