Comprehensive . Impartial Advice • 

A remortgage is where you take out a new mortgage on a property that you already own.

This could be for a number of reasons including;

  • Raise capital to make home improvements, purchase another property or consolidate debt
  • Switch onto a better rate to save on your monthly mortgage payments
  • Switch from an interest-only mortgage to a repayment mortgage

How much you can save really depends on your circumstances.  Some people can save £hundreds each month.  This is because Lenders will offer a preferential rate over the initial period and this will then change to their Standard Variable Rate (SVR).  This is usually quite high and makes your mortgage very expensive. 

It is important to consider all the costs associated with re-mortgaging, these include but are not limited to:


  • Application fee
  • Valuation fee
  • Solicitor’s fee
  • Broker fee

At Q Mortgages we can make a number of careful calculations to see which would be the most cost-effective option for you.


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


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