A remortgage is a process of switching your current mortgage to a new mortgage product or lender while still remaining in the same property. It is also known as refinancing or a mortgage refinance. People remortgage for a variety of reasons such as to reduce their monthly mortgage payments, to secure a better interest rate, to release equity from their property, or to consolidate debts. In a remortgage, the existing mortgage is paid off with the proceeds from the new mortgage, and the borrower starts making repayments on the new mortgage. It is important to carefully consider the costs associated with remortgaging, including any fees or charges from the new lender, as well as any potential costs associated with ending your current mortgage early. It may be beneficial to seek professional advice from a mortgage broker or financial advisor before deciding whether to remortgage. Moneybrain Advice Ltd is Authorised and Regulated by the Financial Conduct Authority in respect of mortgage and insurance advice (FRN 940441).

There are a number of options available to you, and we would strongly suggest that you speak to one of our experts to discuss your requirements. Simply click 'Enquire', complete the simple form, and one of the team will contact you directly to discuss your options and tailor a solution.

Moneybrain Ltd is regulated by the Financial Conduct Authority as a credit broker, and will introduce you to Moneybrain Advice Ltd. When your mortgage completes, Moneybrain Ltd will be remunerated for that introduction by Moneybrain Advice Ltd. There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Your home may be repossessed if you do not keep up repayments on your mortgage.

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