What are the benefits of remortgage?
💷Saving – if your house value has increased and your mortgage balance is less than initially, you might be able to get a better interest rate and save on your monthly payments
💰Extra Capital - You might be able to borrow more for other purposes, e.g. new property investment, home improvements, etc.
⏳Time - You might be able to look to reduce your mortgage term and repay your mortgage sooner than initially expected
Whether you are on a variable product or in a fixed deal expiring within the next few months, best thing you can do is to discuss your remortgage with a broker.📞
Let us know if you have any questions.