Re-mortgaging is the process that allows you to make changes to the mortgage you already have. It may be that changing your mortgage to a new lender can result in a better mortgage rate.Get in Touch
As re-mortgaging requires a new application, arrangement and legal fees will ensue. You may need to pay new valuation fees, particularly if the market has changed or if you are moving.
Some lenders may offer to pay the associated legal costs and valuation fees. Your current lender may charge exit fees, which may include an early repayment charge.
Cowens Mortgage Solutions can help you consider whether it’s the right time to consider a re-mortgage based on your individual circumstances and the wider economic situation. As well as assisting with the administration of your mortgage application we can save you time and stress by directing you to those lenders most likely to accommodate your specific needs.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Get in touch with a friendly, expert Cowens adviser to find out more.