Why Might You Wish To Remortgage & How Does It Work?
If you are coming to the end of your fixed or tracker rate it is a good idea to check that you are sure the bank you are with is offering you the best deal. If for this, or any other reason, you need to take out a different or additional Mortgage on a property you have already purchased, then you will need to go through the Remortgage process. You may need to do this if you find out that you can get a better deal on your current Mortgage, or if you wish to borrow money against your existing property.
You will need to work through costs and fees, as well as potential early repayment fees before making a decision, but this is where, here at Hawke FS, our Remortgage Brokers can advise and do the legwork for you. The Remortgage process usually takes between one and two months but can take longer if you need to switch your lender.