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Remortgage Frequently Asked Questions
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Flexibility
If you want a more flexible mortgage, especially if your income was not as secure as it was when you took out your original mortgage. A Flexible Mortgage gives you greater scope to increase payments when you can afford to and may let you reduce or miss payments for a while. Don't just swap to the cheapest deal that you see. Think first about what type of deal would best suit your circumstances. Think also about any special features you might be interested in, such as flexibility. Portability, mortgages whether it be a repayment mortgage or an interest-only mortgage. But you can change your mortgage repayment method when switching. For example, some people who have endowment mortgages with a shortfall take the opportunity to swap their mortgage to a repayment mortgage. It's important that you seek independent advice if you plan to do this. Depending on your current mortgage, your mortgage lender may charge you for swapping. Ask your mortgage lender for a redemption statement. This will tell you how much you still owe on your existing mortgage and what your mortgage swapping charges will be
Remortgage Frequently Asked Questions
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No information on this website is intended to constitute advice. This site contains a summary of the information relating to the products. If you are interested in any of the information on the site, you should seek information from us. We cannot guarantee that information will be accurate, complete and current at all times. All information on our Website is subject to change without notice.





