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Remortgages

Typically, a remortgage is when you want a new mortgage but do not want to move home. You may ask your existing lender to provide you with a different product or you may approach a completely new lender because they appear to be more competitive.

If you buy a property and have for example a two year fixed rate of interest, you will want to remortgage in two years time to avoid reverting to the lender’s standard variable rate which will invariably cost you more.

The new interest rate may tempt you to switch but there are various fees which can eat into any savings you make. Redwoods Financial Services will review the marketplace to assess the option which will be best for you overall.

We will put all the pros and cons in writing to you to help you make a decision.