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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.