Remortgaging is basically the moving of your existing mortgage to a new deal. That move can be with either the same lender or a new one and there are a number of reasons for making this move, such as:

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• Raising money for any number of reasons (including debt consolidation)

• Fixing your rate and reducing monthly costs

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Remortgaging can be a common choice for those looking to consolidate their existing debts or raising finance for other reasons. However, this isn't always the best choice and we would always recommend seeking advice from a trained professional before applying.

 

When looking to remortgage it makes sense to check your options before your current rate expires. As most mortgage offers are valid for a number of months, we're able to secure a good rate long before your current rate is due to come to an end.

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As an existing customer of UrbanSpencer, we'll always contact you prior to your current rate expiring so you can be sure that your financial affairs are being looked after.