Re-mortgaging means switching your mortgage to another deal – often with another lender or same lender.
Remortgaging is often seen as an effective tool to potentially save money on your monthly mortgage payments, especially if you are on higher rate than you need to be. Some Factors to be considered for Re-Mortgaging by lender:
Other underwriting factors
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.