Remortgages
If you change your mortgage to a new lender by remortgaging, you may find you benefit from a better mortgage rate than the one you’re currently paying. Some lenders also offer to pay the legal costs and valuation fees associated with remortgaging.
The process for remortgaging your home can take around eight to twelve weeks, as the new lender will need to make similar checks to those made when you first bought your home. You may have to pay early repayment charges to your existing lender if you remortgage. These are all areas your adviser will be able to explain in more detail and help you with.
You may have to pay an early repayment charge to your existing lender as well as a “deed discharge fee”.