A remortgage is, quite simply, a mortgage (loan secured by a legal charge on property) taken out by a homeowner, with the intention of paying off the mortgage that is outstanding on the same property. The main reason for doing so is to move on to a lower interest rate, (and therefore lower monthly payment). Usually it is possible to borrow more than the original amount in order to pay off other loans*, pay for home improvements or to pay for any other legal use (subject to the individual lenders criteria).

NOTE: *Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

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

Many remortgage products have incentives attached in order to attract new customers. These include free valuations and all legal costs paid.
In order to know which lenders and products are most suitable for your needs, mortgage2move look at  every mortgage that lenders make available to brokers, match up the most appropriate and advise you accordingly. We then complete, (or check and verify if the client wishes to complete) all the paperwork and liase with the lender and others until the mortgage is fully completed.