We outline the differences between the two popular affordable housing schemes.
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.
- Remortgage your Help to Buy from your existing lender to Newbury Building Society
Whatever the reason, a standard remortgage can be completed simply, meaning you could start benefitting from your new mortgage sooner than you thought.
Great service, great rates - the small but perfectly formed Newbury Building Society. I have been a happy customer 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.
Appointments are available by video call, by phone or in branch. We have Saturday appointments available and can also offer same day appointments. See our making a mortgage appointment page for further details or click contact now.