Looking for a better deal or to release some equity on your already mortgaged property? This guide lists everything you should know about the remortgaging process.
- First, find out what type of deal you have in your current mortgage. The following table will give you some advice on what to do depending on the type of mortgage you have.
Table to be inserted here from word doc....need Stephen to guide on tables firstly
Then find out the details of the deal you have at the moment. You may be currently paying your lender's standard variable rate (SVR), which is never likely to be the best deal on offer.
Try to figure out what your new payments would be, and compare the SVR on your previous deal with any potential new one.
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