David Williams - Re-Mortgages

Financial Services AuthorityWhen you remortgage, you are switching your mortgage to another deal, and frequently another lender.

Remortgages can be used for various reasons, most people simply switch mortgage because it will work out cheaper for them.

Re-Mortgages

For example, the introductory discounted interest rate may have finished with your current lender; therefore you could get a discount, or a lower APR, with another lender. Other individuals may use a re-mortgage to consolidate their debts, if they take out their remortgage for a larger amount than owed on the existing mortgage.

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Your home may be repossessed if you do not keep up repayments on your mortgages

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