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Mortgage Changes
A re-mortgage is where you take out another or a different kind of mortgage on the property.
The main reason for this is to save you money on your monthly repayments.
The other reasons which people may re-mortgage is:-
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Release some equity in the property.
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Consolidate non-secured debts.
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Re-mortgage to renovate.
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Release funds to purchase another property.
Before re-mortgaging you should ensure that there are no penalties with your current lender as these may outweigh and benefit from a new mortgage.