A re-mortgage is simply switching lender or finding a better deal with your existing lender which could significantly cut your monthly mortgage payment. Taking out a new mortgage against your property could enable you to use the money to pay off the previous existing mortgage (fundamentally transferring it) to your new lender. At the same time, you could possibly raise some money from the equity in your property to funds some home improvements or to consolidate some unsecured debt that you may have.

As with all mortgages, there are a large number of re-mortgage products on the market, each with its own pros and cons. The job of a reputable mortgage broker such as M&G Mortgages is to cut through all these for you, quickly and precisely to find you the exact product which is best for your individual situation.

We will look at your current mortgage provider to see what options they are prepared to offer (typically called a Product Transfer) as well as what is on the market so that you can see the comparison.

At M&G Mortgages, we do not charge a fee for this service so why not get in touch today, to see if we can save you some money?