Moving & Re-Mortgages

Moving house and remortgaging are two separate processes. When you move house, you sell your current property and purchase a new one. This can be an exciting but also stressful time as you have to coordinate logistics, pack up your belongings, and settle into a new environment.

Remortgaging, on the other hand, involves switching your existing mortgage to a new lender or renegotiating the terms with your current lender. This can be done for various reasons, such as securing a better interest rate, reducing monthly payments, or releasing equity from your property.

If you're considering moving house or remortgaging, it's important to carefully evaluate your financial situation and goals. Moving house can come with additional costs, such as legal fees and stamp duty, so it's essential to factor those into your decision-making process. Additionally, you'll need to assess whether remortgaging aligns with your long-term financial objectives.

As a well-established Mortgage Advice Practice we are here to help! It's always a good idea to consult with a professional to determine the best course of action for your specific circumstances.

Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage.

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