When you remortgage, you are switching your current mortgage to another mortgage product, and frequently, an alternative lender.
This usually occurs when your existing fixed or discounted rate period has come to an end, allowing you to source a new deal.
Depending on your existing mortgage, the monthly savings from switching product and/or provider can be significant.
Remortgaging can help:
*By consolidating your debts into a mortgage you may be required to pay more over the entire term than you would with your existing debt.