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What is a Mortgage?
A type of loan used to purchase a property. In order for a borrower to give a mortgage to a lender they must obtain a legal charge on the property, giving security for a loan. Click here for more information
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What is a Remortgage?
Replacing an existing mortgage with another one. For example, you may wish to increase the amount borrowed to pay off other existing debts, or to free up some extra cash for a holiday or home improvements. Alternately, you may just wish to switch lenders to obtain a better rate and therefore reduce your monthly outgoings. Click here for more information
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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