Regularly reviewing your mortgage provision is a good habit to adopt as its one of the most effective ways to save money in the long term. Remortgaging allows you to release some of the equity in your home which will provide you with funds to pay off any outstanding credit card debts or loans.

You can remortgage by switching your existing mortgage to a different policy, possibly with a better term or interest rate or you may choose to remortgage with an alternative mortgage provider. It’s always good to shop around for the best deal available.

Through our remortgage brokerage, Ask Finance (trading as Harrington Brooks) can help you to remortgage your property. Our criteria is simple – as long as you are a UK resident, that you are 18 years or over and that you have sufficient equity in your property to repay your other debts (secured and unsecured), we can find a suitable mortgage solution for you via our relationships with a range of mortgage providers. Of course, the most important criteria is that you can afford your new monthly remortgage payments.

You can remortgage by switching your existing mortgage to a different policy, possibly with a better term or interest rate or you may choose to remortgage with an alternative mortgage provider. It’s always good to shop around for the best deal available.

Through our remortgage brokerage, Ask Finance (trading as Harrington Brooks) can help you to remortgage your property. Our criteria is simple – as long as you are a UK resident, that you are 18 years or over and that you have sufficient equity in your property to repay your other debts (secured and unsecured), we can find a suitable mortgage solution for you via our relationships with a range of mortgage providers. Of course, the most important criteria is that you can afford your new monthly remortgage payments.

What are the advantages to a Remortgage?

  • You can take advantage of potentially lower interest rates or review the term of your mortgage.
  • Large expenses such as renovation or expanding your home can be paid for easily by releasing equity.
  • Equity can be released to pay off other higher rate debts like credit cards or car loans

What are the disadvantages of Remortgages?

  • You may incur early payment charges, or an Early Redemption Charge when settling the original mortgage, especially if you have a fixed, capped or discounted rate mortgage. Please refer to your current mortgage terms and conditions where these charges will be detailed.
  • You can take advantage of potentially lower interest rates or review the term of your mortgage.
  • Large expenses such as renovation or expanding your home can be paid for easily by releasing equity.
  • Equity can be released to pay off other higher rate debts like credit cards or car loans

What are the disadvantages of Remortgages?

  • You may incur early payment charges, or an Early Redemption Charge when settling the original mortgage, especially if you have a fixed, capped or discounted rate mortgage. Please refer to your current mortgage terms and conditions where these charges will be detailed.