Remortgage

Five Good Reasons To Use A Remortgage To Secure Unsecured Debt

29/04/2011
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mortgage

Over the last few years, unsecured debt in the UK has risen significantly.  By February 2011, Credit Action reports that total UK personal debt was £1,454 billion. Individuals currently owe more than the entire country produced during the whole of 2010. And, much of this borrowing is at high interest rates.  Brits pay £182 million in personal interest every single day. So, if you have credit cards or personal loans, it could be time that you considered consolidating your debt with a remortgage.  A remortgage allows you to switch your home loan without moving house and you can often borrow additional funds as part of the process to pay off other debts.  Here are five reasons that you should consider remortgaging to consolidate your debts. Lower interest rate: One of the main reasons that many people remortgage is to benefit from a lower interest rate.  Not only can you...

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Some Fees Are Worth Paying For The Best Remortgage Deal – But Only At The Right Moment

21/04/2011
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One of the main reasons why homeowners look to remortgage is to save money.  Whilst there are other reasons to consider a remortgage – to benefit from a fixed rate or to borrow additional funds – saving money is the principal aim of most. So, finding a ‘fees free’ remortgage deal might sound like the obvious best choice.  These deals involve a lender meeting the legal and valuation fees incurred in your remortgage, meaning that you don’t have to shell out for any costs.  However, there are certain circumstances where actually paying one or more fees involved in the remortgage process may actually be worthwhile.  Our guide explains why. Pay a fee for a better deal: A true ‘fees free’ remortgage will offer a fixed or discounted/tracker mortgage product with no arrangement fee or booking fee.  However, depending on the size of your mortgage, you could actually be better...

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