Just because you're self-employed, a contractor or freelancer, it doesn't mean obtaining a mortgage is harder than someone with a set salary. With the right amount of preparation and planning, the process can be easier than you think.
Remortgaging is when you pay off your existing mortgage and switch to another lender. It can be a standard switch, or, you may have the possibility of borrowing a little extra.
You may want to move your mortgage to Newbury Building Society to:
- Reduce your monthly repayments,
- Reduce the term of your morgage, or
- Release some of the equity in your home to put towards home improvements or to raise capital for another purpose.
Whatever the reason, a standard remortgage can be completed simply, meaning you could start benefitting from your new mortgage sooner than you thought.
I have been a happy customer of Newbury Building Society for over 15 years. I previously held my mortgage with a large multinational supplier but haven't looked back since switching to Newbury Building Society. They offer great customer service and have a good product range.
Our helpful guide to remortgaging explains the process and options available.