ReMortgage Deals[1].jpg) Get a better mortgage deal, and save money There are many reasons why you may want to re-mortgage
your house and changing lender can be a simple route to achieving many
objectives. Here are some examples for you to look at.
Reducing your monthly payments
If your goal is to reduce your monthly mortgage payments because the
current rate of interest you are paying is too high, a re-mortgage will
be the answer.
Example - Saving on Monthly
Payments
You are paying base rate with your
current lender (Halifax is approx 5.5% today), by re-mortgaging you
could cut the rate down to 3.6%, fixed for 2 years. On an
interest only mortgage of £ 60,000 this would cut your monthly costs
down from £275 to £180 per month - a massive saving of £2280 over the
two years.
Home Improvements
If you have been living in your house for a few years and
you are happy with the location, the neighbors, being close to schools
etc.. but the house is in need of improvement or you want to raise some
capital, a re-mortgage may be a better bet than moving house.
- add another bedroom or two, conservatory, new kitchen or bathroom
for further information regarding any of these products,
click here
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