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Remortgaging For a Better Deal...

Buying a House...

On our remortgaging page, we mentioned there are lots of reasons to do it. When you are moving home you might not have much choice about whether you get a new mortgage or not. However, remortgaging is more of a choice.


Many people investigate the option to remortgage in order to get a better deal. It isn’t all about the monthly repayments, although that is often a large factor in the decision-making process, situations change and for some, a better deal is one that will help you pay off your mortgage in a shorter time frame.

There is more choice these days and so depending on when you first took out your mortgage it might not be suitable now. If you took the mortgage out when you were a first time buyer then it could be worth looking at what deals are now available to you. Timing can be important and if you had or have a two- or three-year fix on the initial deal then waiting until this has finished could save you money. If you are within this initial period, then you could be subject to an early repayment charge.

A better deal for you could be to reduce your mortgage repayments. It could be down to the interest rates changing on your standard variable rate SVR mortgage which is no longer working for you given the amounts changing. A fixed rate mortgage might now be the better choice for you. It could be that you want to move to a repayment mortgage or find a new deal that will save you money.


There is a host of reasons. identityfs are here to help. We are a mortgage broker and insurance advisor and our team are here to listen to your needs and create tailored options suited to you.

If you have owned your home for a while or got an exceptional deal on it, then the chances are that it has increased in value. When house prices change and increase over time it can mean that there are now better deals available to you.

Whenever you are looking at remortgaging then you need to consider the total cost to do so. It will involve new arrangement fees and legal fees. Even if you have used a mortgage calculator to get an idea of what you could borrow, everyone is different, and your circumstances are unique and can have an impact on the amount you could borrow.

There are of course more reasons that you might want to remortgage. These include home improvements and debt consolidation, which we look at on other parts of our website. If you are looking considering these then have a look at the pages dedicated to them for more information. Alternatively, speak to us today and ask any questions, we will be happy to help.

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