Remortgage Guide

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Remortgaging could give you the flexibility to change your mortgage as your lifestyle changes.

What is a remortgage?

Remortgaging is the process of replacing your current mortgage with another from a different lender.

In a turbulent mortgage market it makes sense to get expert advice - mistakes can prove very expensive in the long term.

Reasons to remortgage

In uncertain times many borrowers want the security of knowing exactly how much their mortgage payments are each month - remortgaging to a fixed rate mortgage could help.

Remortgaging is popular with home owners as a way of funding home improvements or consolidating other loans or debts.

Potential savings could be made by remortgaging to a product with a lower interest rate than your current mortgage.

Your mortgage is likely to be a significant part of your household expenditure - it makes sense to review this regularly.

Getting remortgage advice

Deciding whether it would be beneficial to you to remortgage is all about the timing and your personal circumstances. You will need to consider whether the benefits of switching mortgage deals will outweigh the cost. To demonstate the effect of moving to a different mortgage rate use the Remortgage Calculator

You may already have a good mortgage deal and this isn't the time to change it, but this might not always be the case. YOUR MOVE has a Remortgage Club where we regularly contact you about new deals and will remind you before the anniversary date of your mortgage deal that it might be a good time to review what other mortgages are on offer.

For mortgage advice our initial consultation is free, however we do charge a fee for administering your mortgage application. The precise amount will depend upon your circumstances however we estimate that it will be £399.

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© YOUR MOVE - Your Move is a trading name of your-move.co.uk Limited, registered in England at Newcastle House, Albany Court, Newcastle Business Park, Newcastle upon Tyne NE4 7YB (number 01864469). Your-move.co.uk Limited is an appointed representative of First Complete Limited, which is authorised and regulated by the Financial Services Authority (FRN:435779) for mortgage and non-investment insurance advice. We are members of The Property Ombudsman (TPO), there to protect your interests. We abide by the TPO code of conduct. * Source: Nielsen February 2012. ** Calls may be recorded and/or monitored for training and/or data protection purposes.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

In certain locations you may be referred to a financial advisor from Linear Financial Solutions rather than a YOUR MOVE consultant. Linear Mortgage Network Ltd t/a Linear Financial Solutions is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Limited, which is authorised and regulated by the Financial Services Authority (FRN: 305008) for mortgages and non-investment insurance advice. Registered Office: Ground Floor, Buildmark House, George Cayley Drive, Clifton Moor, York, YO30 4XE. Linear Mortgage Network Limited - Registered No:5198588 . There will be a £75 administration fee payable on application. There may also be a fee for mortgage advice, the charging of such a fee will depend on your circumstances, but we estimate that it will be 1% of the loan amount. (ie: £1000 on a £100,000 mortgage)