A Remortgage is when your currently own your own home with a mortgage and wish to switch your mortgage deal.

There are various reasons for doing this:

• Your current Mortgage rate is about to end and go on to a variable rate, where you will be paying higher amounts of interest, therefore you wish to remortgage to another lender to get a better deal.

• The value of your home has increased significantly and therefore you may wish to take advantage of switching to the better rates with a lower loan to value.

• You maybe on an existing interest only mortgage and wish to switch to a repayment mortgage

• You wish to borrow more in order to make home improvements or consolidate existing debts.

• You may want to have a more flexible mortgage lender that will allow certain features such as porting your mortgage to another property or allowing overpayments that your current lender do not provide.

Monarch Mortgage Solutions can help with your remortgage, there are many deals available and even those with free valuation and legal fees, we will look for something that suits you.

Think Carefully before securing a debt against your home, your home may be repossessed if you do not keep up repayments on your mortgage.