What is a Remortgage?

A remortgage is the choice for people that already have a home and a mortgage. It's basically a mortgage that replaces a previous mortgage on the same property.

A remortgage is useful to free up some of the equity in your home or to obtain lower monthly repayments.

Remortgages have been very popular recently as the rise in housing prices have allowed people to borrow more against the value of their house.

Whether you have a good or poor credit history, there will always be mortgage provider keen to offer you the opportunity to refinance.