But watch out for any early repayment charges or exit fees you face and compare this to how much youd save with the new lower mortgage. Multiply the result by 100.
A remortgage will allow you to reduce the loan size and potentially get a cheaper rate as a result.
Remortgage. You might be able to get a lower rate by remortgaging because your loan to value could be lower if you paid off a significant part of your mortgage since it started. The term is mainly used commercially in the united kingdom though what it describes is not unique to any one country. Our registered office is the ropewalks.
Our team of experts offer free advice to find the best remortgage for you. Apply online and save on your remortgage. You want to switch from interest only to repayment mortgage.
If you remortgage you could find a more competitive fixed rate deal instead. Some people remortgage to borrow more money for home improvements or a big purchase. Your outstanding mortgage is.
Just enter your details in our remortgage calculator to compare remortgaging deals. Mojo is a trading style of lifes great limited which is registered in england and wales 06246376 and is authorised and regulated by the financial conduct authority and is on the financial services register 478215. You may also need to pay solicitor fees although some lenders may offer this for free as part of the remortgage deal.
If you remortgage you could find a more competitive fixed rate deal instead. If youre on a variable rate mortgage a rise in the bank of england base rate can increase your mortgage payments. Base rate can increase your mortgage payments.
Use the mojo mortgage calculator to compare remortgage deals in less than 1 minute. Divide your outstanding mortgage amount by your propertys current value. How to calculate your loan to value.
A remortgage known as refinancing in the united states is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. You can also choose to answer an additional set of questions so we can remove those mortgages you wont be eligible for. When you compare remortgage deals with us youll be asked six short questions so we can show the deals most relevant to you.
When you remortgage the lower the loan to value you need the more deals that might be available to you and you might be able to get cheaper mortgage deals. Plus be aware that if your existing mortgage hasnt yet come to the end of its term you might be charged exit fees for leaving. When you remortgage your home there is often an arrangement fee on a new mortgage.
Mojo mortgages free online remortgage broker. See if you can save money by remortgaging to a lower rate.