Remortgaging FAQ

Q. I want to remortgage to free up some more money to put in a new kitchen. Can I do this?

A. Yes, in most cases Lenders will view this favourably as you will be increasing the value of your property. Request a redemption statement from your current Lender. This will detail any charges that you may incur by changing your mortgage as well as let you know how much you have left on your current mortgage. A new Lender will look at your Loan to Value ratio, and if this is around 60% they will be keen to lend you the extra cash to do the home improvements.

Q. We currently pay into an investment mortgage, but would like to switch to a repayment mortgage. Is this possible?

A. Yes this is possible. You should be aware that your repayments will probably be more each month, but you do have the guarantee that the loan will be paid off at the end of the term if you keep up with your repayments. You may also have to take out additional life insurance if your investment vehicle was providing this originally. See your Mortgage advisor for advice.

Download the Remortgage PDF Guide here - see our other free PDF guides here

Guide Contents

What is a remortgage?
What will the remortgage costs be?
Knowing what to look for in a remortgage search
The remortgage application
Remortgaging FAQ’s
Where can I get more remortgage help?
Remortgages Useful Terms

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