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Thinking of Remortgaging and looking for advice? Mortgages are the single biggest financial commitment that most of us face, yet it's often an aspect of our finances we rarely review. Put simply, remortgaging is the process of moving from one mortgage lender to another with the aim of securing a more competitive interest rate. "I was feeling overwhelmed by all the Jargon! A great starting point for anybody thinking about remortgaging." Natalie Johnson, Manchester - Should I Remortgage? - What if I'm Self-Employed? - Can I switch mortgages with a Bad Credit Rating? Mortgages are the single biggest financial commitment that most of us face, yet it's often an aspect of our finances we rarely review. Put simply, remortgaging is the process of moving from one mortgage lender to another with the aim of securing a more competitive interest rate. *"Am I Eligible to Remortgage?" -* Fill out one small form to compare remortgage deals » (There is no obligation - this is not an application.) Generally speaking the aim is to arrange a new mortgage, pay off your existing lender and hopefully gain some additional capital in the process. It is a perfectly legal way, of saving yourself some money and raising some fresh capital. Usually a remortgage involves switching lenders as most mortgage lenders will not offer a remortgage scheme to existing customers. More » Why Remortgage? There are many reasons why you might consider switching your mortgage. They include: You're simply looking for a better rate! With so much competition and new mortgage deals appearing monthly why not try and find a lower rate of interest and save yourself some money? Search for the best remortgage rates It allows you to consolidate any outstanding debt that you may have. You might want to release capital for home improvements. Are there any disadvantages to remortgaging? Releasing equity from your home can be an extremely tempting option, especially for those looking to consolidate existing loans. However you must keep in mind that you are turning a short-term unsecured debt into a long-term secured debt and if you run into problems in the future with repayments, your home could be at risk. In addition most UK lenders may require a 5% or 10% deposit, so you should work out what the chance of any equity release is at all. Read about more remortgage problems and issues. Remortgage offers and deals - Points to remember Shop around to find the best rates - it will not necessarily be the bigger lenders that offer the market-leading deals as products change all the time. See our Remortgage Lender Comparison The internet and UK national newspapers often carry best buy tables of mortgages which can be a useful information resource. Alternatively, seek the help of a fully independent broker who can advise you on the right type of mortgage for you and search the whole market for the best deal. Contact a Remortgage Broker. Today's Recommended Remortgage Broker is: Get a free Remortgage Quote from Enable Finance >> Enable Finance are UK Mortgage & Loan specialists providing comprehensive advice regardless of your personal circumstances. Remortgages with enable finance have been designed to be easy and straight forward. Ensuring your remortgage goes through as quickly as possible. If you are looking for a remortgage, have had bad debt and wish to consolidate your debt or wish to release equity for any purpose a remortgage or bad credit remortgage in the UK could be for you. Enable Finance will consider enquries from people with houses that are deemed to be of 'non traditional' construction. e.g. Prefabricated (PRC) homes, Concrete, ORLIT, BISF, Woolaway, Reema, etc. Compare Remortgage Rates with Enable Finance now Most Popular Articles: Facing repossession? How can remortgaging help. I have an IVA - Can I still Remortgage? Bad Credit Advice - The Myths and Facts Remortgaging with Adverse Credit Facing Bankruptcy? Read our general advice Jargon Buster Searching for a new mortgage deal will inevitably result in you trying to fathom exactly what certain financial terms mean. To help you we've compiled a simple glossary of remortgage related terms that you are likely to encounter. Here as this week's top 6 most confusing terms explained: CCJ Equity Release Non Status Self Certification Redemption penalties

FAQ

Thinking of Remortgaging and looking for advice?

Mortgages are the single biggest financial commitment that most of us face, yet it's often an aspect of our finances we rarely review. Put simply, remortgaging is the process of moving from one mortgage lender to another with the aim of securing a more competitive interest rate.

"I was feeling overwhelmed by all the Jargon! A great starting point for anybody thinking about remortgaging."
Natalie Johnson, Manchester

- Should I Remortgage?
- What if I'm Self-Employed?
- Can I switch mortgages with a Bad Credit Rating?

"Am I Eligible to Remortgage?" - Fill out one small form to compare remortgage deals »
(There is no obligation - this is not an application.)

Generally speaking the aim is to arrange a new mortgage, pay off your existing lender and hopefully gain some additional capital in the process. It is a perfectly legal way, of saving yourself some money and raising some fresh capital. Usually a remortgage involves switching lenders as most mortgage lenders will not offer a remortgage scheme to existing customers. More »

Why Remortgage?

There are many reasons why you might consider switching your mortgage.

They include:

You're simply looking for a better rate! With so much competition and new mortgage deals appearing monthly why not try and find a lower rate of interest and save yourself some money? Search for the best remortgage rates
It allows you to consolidate any outstanding debt that you may have.
You might want to release capital for home improvements.

Are there any disadvantages to remortgaging?

Releasing equity from your home can be an extremely tempting option, especially for those looking to consolidate existing loans.

However you must keep in mind that you are turning a short-term unsecured debt into a long-term secured debt and if you run into problems in the future with repayments, your home could be at risk.

In addition most UK lenders may require a 5% or 10% deposit, so you should work out what the chance of any equity release is at all.

Read about more remortgage problems and issues.

Remortgage offers and deals - Points to remember

Shop around to find the best rates - it will not necessarily be the bigger lenders that offer the market-leading deals as products change all the time.

See our Remortgage Lender Comparison
The internet and UK national newspapers often carry best buy tables of mortgages which can be a useful information resource.
Alternatively, seek the help of a fully independent broker who can advise you on the right type of mortgage for you and search the whole market for the best deal. Contact a Remortgage Broker.

Today's Recommended Remortgage Broker is:

Get a free Remortgage Quote from Enable Finance >>
Enable Finance are UK Mortgage & Loan specialists providing comprehensive advice regardless of your personal circumstances. Remortgages with enable finance have been designed to be easy and straight forward. Ensuring your remortgage goes through as quickly as possible. If you are looking for a remortgage, have had bad debt and wish to consolidate your debt or wish to release equity for any purpose a remortgage or bad credit remortgage in the UK could be for you. Enable Finance will consider enquries from people with houses that are deemed to be of 'non traditional' construction. e.g. Prefabricated (PRC) homes, Concrete, ORLIT, BISF, Woolaway, Reema, etc. Compare Remortgage Rates with Enable Finance now

Jargon Buster

Searching for a new mortgage deal will inevitably result in you trying to fathom exactly what certain financial terms mean. To help you we've compiled a simple glossary of remortgage related terms that you are likely to encounter. Here as this week's top 6 most confusing terms explained: