Remortgage Quote
There are literally thousands of remortgage deals to choose from in the UK market, which means prices are very competitive. It also means that finding the best remortgage deal to suit your individual requirements can be very confusing, especially if you are looking for a fee free deal. Don't worry - we pride ourselves on providing access to some of the best remortgage brokers in the UK who will be able to provide a very competitive remortgage quote.
Remortgage deals are available in all the different interest rate options, fixed, discounted, tracker, capped, variable, libor etc and offer varying degrees of flexibility to manage you money efficiently.
Remortgage Quotes and Remortgaging Advice:Seeking advice on available remortgage rates by completing the short enquiry form below is a good start. You will receive advice from a fully qualified mortgage adviser who will be able to assist you in identifying the best remortgage offer to meet your specific requirements.
To find out more about a remortgage , simply click below to receive details of the best remortgages available.
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Remortgage types
Discount Remortgage Rates
In today's competitive environment, many providers offer an initial
discounted rate. This takes the form of a limited period reduction
in the normal variable interest rate by, say, 2% for a year.
This means that whatever the variable rate is during that initial
year, the borrower will pay 2% less, thus making a saving.
At the end of the discount period, the rate reverts to the
lender's prevailing variable mortgage rate. 
Fixed Remortgage Rates
With fixed rate remortgages, the borrower can lock into a fixed
repayment cost each month over an agreed period of time and know
that, irrespective of changing rates of interest, monthly payments
will not be affected. The longer the fixed rate period, the higher
will be the fixed interest rate. Fixed periods of one to five years
are the most popular and most readily available. At the end of
the fixed rate term, the interest rate usually reverts to the lender's
prevailing variable mortgage rate.
Variable Remortgage Rates
Variable remortgage rates have been available for many years.
As the name suggests, the monthly repayment goes up and down in
line with the lender's mortgage rate. This means that you cannot
predict the monthly cost of the mortgage from one year to the next.
This can cause major budgeting problems in a period of increasing
interest rates. On the other hand, when interest rates fall, there
is less to pay. Many lenders do not alter the rate for existing
borrowers until the year-end. With interest rates used as a regulator
for the economy, mortgage rates change frequently.
Capped & Collard Remortgage
A capped and collared remortgage is a variable rate remortgage
which has a fixed upper rate limit (the cap) and a fixed lower
rate limit (the collar). This means that the borrower knows in
advance the highest and lowest monthly payments that he may have
to make. For example, if cap and collar rates are fixed at 5.75%
and 3% respectively, the loan will be charged at the prevailing
variable rate as long as this is not more than 5.75% or less than
3%.
Flexible Remortgage
A truly flexible remortgage allows you to make overpayments
and underpayments, borrow back overpayments and, if you have built
up enough credit, to take payment holidays. Another important feature
is that interest is calculated monthly/daily, not annually in arrears,
so overpayments have an immediate impact on what interest you pay.
You can, therefore, significantly reduce the term of the loan and
save thousands of pounds in interest payments if you are able to
make additional payments during the term of the mortgage. A flexible
remortgage can be ideal for people with inconsistent income, like
the self-employed. And since some remortgage deals come with cheque
books and debit cards, you could even use your mortgage as a bank
account.
Complete the Remortgage Quote request above to
compare the best remortgage deals and receive impartial remortgaging advice
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