Remortgaging - Absolute Financial Management | Independent Financial Advisors

Find the right remortgaging option for you.

Remortgaging means switching to a new mortgage to take advantage of better rates, release equity, or consolidate debt. You pay off your current mortgage and take out a new one, which can be with a new or current lender, with different terms. It can save you money, but consider costs like fees before making a decision.

Switch to a new provider to take advantage of improved rates

Consolidate your existing debt

Release equity from your home

Consider all available remortgaging options

Get advice

Your Journey

Speak to an adviser

One of our financial advisers will contact you using your preferred method of communication to discuss your financial objectives and current circumstances.

Find a plan that works for you

Your adviser will support you throughout your journey with us, putting your needs at the forefront of every decision.

Begin your journey

Now you're on the road to financial freedom. Your adviser will support you throughout your journey with us, putting your needs at the forefront of every decision.

Looking to become a client?

If you would like to join our client network and work towards achieving your financial goals then apply today by using our easy online form.

Become a client

Making an informed decision

Benefits

Considerations

If interest rates have fallen since you took out your current mortgage, remortgaging can allow you to secure a lower rate, reducing your monthly payments and overall cost of borrowing.

The mortgage market is highly competitive, and by remortgaging, you may be able to take advantage of more attractive deals, such as lower fees or more flexible terms.

If your property has increased in value since you took out your current mortgage, remortgaging can allow you to release some of the equity, giving you access to cash for home improvements, debt consolidation, or other expenses.

By remortgaging, you may be able to consolidate high-interest debts, such as credit card balances or personal loans, into your mortgage, which typically has a lower interest rate, reducing your monthly payments.

Remortgaging can also allow you to shorten the term of your mortgage, meaning you will pay off your loan faster and save money on interest over time.

Remortgaging often involves costs such as arrangement fees, valuation fees, and legal fees, which can be significant. These costs may outweigh the potential savings from remortgaging, especially if you plan to move home soon.

If you're still within the initial fixed or discounted rate period of your current mortgage, remortgaging may trigger early repayment charges, which can be expensive.

If the value of your property has fallen since you took out your current mortgage, remortgaging could leave you in negative equity, meaning you owe more on your mortgage than your property is worth.

If your financial situation has changed since you took out your current mortgage, you may find it difficult to qualify for a new mortgage with favourable terms, especially if you have a low credit score or significant debt.

By consolidating existing debt into a new mortgage loan you will incur extra costs, as you are repaying this debt over a longer term and you will be using your property as security where the debt was previously unsecured.

If you switch to a variable rate mortgage, your monthly payments could go up if interest rates rise in the future, leaving you with less financial stability.

Important Information

It is important to understand the risk associated with any form of financial product as well as the fees involved.

Risk Warning

Your home may be repossessed if you do not keep up the repayments on your mortgage.

Fees

A fee of £795 when you apply for an equity release product, we will also be paid a commission from the lifetime mortgage lender / home reversion plan provider.

A fee of £145 when you apply for a mortgage product switch or mortgage transfer, we will also be paid a commission from the lender.

A fee of £395 when you apply for a mortgage purchase or re-mortgage, we will also be paid a commission from the lender.

Related Services

Later life mortgages

Explore your options

Learn More

Equity Release

Release cash from your home.

Learn More

Moving Home

Stress free moving.

Learn More

1 2 Next »

Start your mortgage journey with our experts.

From buying your first home to remortgaging your current one - absolute can help you on your mortgage journey.

Become a client Find an office

Our Insights

Treasury Inherits Extra £300 Million

Insights

24/01/01

Central Banks Take Center Stage: Meetings Awaited Amid Global Economic Divergence

Insights

24/01/01

Powell and Lagarde Speeches Offer Clues Amid Data Volatility

Insights

24/01/01

1 2 Next »

Join SmartMoney

Smartmoney is our quarterly magazine that includes present financial news and tips and tricks to grow your income.

Our Services

Helpful Links

Absolute Financial Management is authorised and regulated by the Financial Conduct Authority, FCA Number 401135 / https://register.fca.org.uk/

Registered in England and Wales 05027747. Registered Office The Bull Yard, R/O 75 High Street, Ashford, Kent, United Kingdom, TN24 8SN.

Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR. Website: www.financial-ombudsman.org.uk.