How To Remortgage Video

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How to Remortgage

Our expert Max Erskine explains how to remortgage.

When your current mortgage deal reaches its end you will almost certainly be contacted by your provider who will tell you what is available for the next stage of the loan. However if you know all the pros and cons on how to remortgage you will find a better deal

However, there might be better deals available from a different lender and the choices are many and varied.

And that is how we at remortgagenow.co can help -- by guiding you through the mortgage minefield.

The number of remortgage deals can change on a daily basis and they come in all shapes and sizes.

There are fixed-rate deals, flexible deals, base rate tracker deals, capped rate deals, discount deals, loyalty deals and various other ones.

It is important to examine all aspects of any remortgage deal as there can be fees and other charges that apply. Any good adviser will point out all the relevant details.

Of paramount importance is the interest rate on any new deal -- and if it is fixed, how long it will apply for.

It is also important to know what the standard variable rate is -- the SVR is the rate the mortgage will revert to after any fixed deal has ended.

Examining the SVR between lenders will bring any other charges into a clearer context.

One reason to remortgage is to save on monthly outgoings and a good adviser will be able to tell you what you will be saving.