Providing individual mortgage advice, tailored to you

Remortgaging is the process where you take out a mortgage with a different lender and leave your current one. 

Remortgages can be used for various reasons. However, most people simply switch mortgages because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender and you could potentially obtain a new discount rate, or a lower APR, with another lender. Another example is when you may need to remortgage to consolidate debts.

It is worth noting that a remortgage is not the best option in all cases. Even if the lender you are considering switching to is offering a lower APR, you must take into consideration:

• The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage with your current lender.

• If you switch mortgage remember to look at the overall repayment period. You may be able to pay less monthly, but check the final repayment date of the mortgage as well.

• You may have to pay an early repayment charge to your existing lender if you remortgage. 

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Also you may be able to switch your mortgage deal with your current lender, avoiding any unnecessary costs. Many lenders will allow you to switch your mortgage deal reasonably frequently. 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. 

CONSOLIDATING DEBT MAY REDUCE YOUR OUTGOINGS NOW, HOWEVER YOU MAY PAY MORE INTEREST OVER YOUR MORTGAGE TERM.

Call 020 3375 1999

Email enquiries@highgrove-mortgages.co.uk

Legal

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Highgrove Mortgages is a trading name of Wolf Finance Ltd, an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority. Registered Office: 7 Highgrove Close, Chislehurst, Kent, BR7 5SA. Registered in England & Wales. Company Registration Number: 10711050.

For our mortgage advice services, we will charge a fee of between £0 - £499 depending on the mortgage amount and work involved on your application. This fee will be made clear from the outset. 

The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.