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Remortgaging enables you to take out a mortgage to pay off your existing lender without moving house. It is often possible to take out a larger mortgage to release some or all of the equity in your home.

Typical Remortgage

House Value                            £120,000
Existing Mortgage                      £60,000
Equity (Money Available)       £42,000
Example at 85% LTV

The overall cost for comparison is 5.1% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

Equity is YOUR money lying dormant in YOUR house. A remortgage allows you to use this money when you need it most. You may have expensive loans and credit cards to pay off, your home may be in need of improvements, you may wish to upgrade your car, buy a boat, pay off credit cards, enjoy a holiday or even start a business. However, think carefully before securing other debts against your home.

Whatever you may have in mind, Mortgage Choices can help you achieve it.

Warning - Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Using a mortgage to consolidate debts will increase the amount of credit secured against the home and that paying back previously short term debts over a longer period will mean that a greater total amount of interest will be repaid over the term.

Authorised and Regulated by the Financial Conduct Authority
Mortgage Choices are Licensed by The Office of Fair Trading
Consumer Credit Licence No. 587301