Ramsay Financial Ltd

Trusted Mortgage Advice


What is a remortgage?

Remortgaging happens when you change the mortgage you currently have on your property either by switching it to a new lender or by moving to a different deal with your existing lender. It can be a good way to find lower interest rates and better mortgage terms.

How we can help

We can help you to find the most relevant deal for you with access to over 90 different lenders we cover the whole of the market. Whatever your circumstances we can help you find the best mortgage deal for you.

Why you might want to remortgage

Your current mortgage deal is about to end

When you take out a mortgage you will usually be given a deal such as a set rate over a number of years. When your current mortgage deal ends you'll be put on the provider's SVR (Standard Variable Rate) which is usually higher. Remortgaging can help you stay on a better interest rate.

You're on a high-interest rate

If you're currently on a variable rate mortgage a rise in the Bank of England base rate can increase your monthly payments. If you remortgage you could find a more competitive fixed rate deal instead.

Equity Release

Remortgaging may allow you to release equity in your home you could take out a cash lump sum to pay for home improvements or pay other debts.

Increased property value

If your property value has increased your lower LTV (loan-to-value) might help you qualify for better interest rates.