Thorneycroft News for June 2024

Remortgaging allows the owner of a property to switch their existing mortgage to a new deal with either their current lender or an alternative provider. Most property owners will only remortgage when their current contract ends, however there are many other reasons to consider remortgaging your property including:

● Reducing your mortgage interest rate
● Fixing your monthly payments to protect against possible future rate rises
● Raising funds to carry out home improvements

No matter your reason for remortgaging your property, lenders will consider your remortgage application in the same way they consider a mortgage application, meaning they will assess your credit score.

Read more