Thinking of remortgaging?

When you remortgage, you take out a new mortgage on your existing home, not on a new property. This enables you to change the financing on your current property while changing the terms of your borrowing agreement.

There could be a number of reasons why you may want to take out a new mortgage; you may want to release equity to free up capital to purchase another property to let, for example. It could also be the case that there is a better rate or deal available, you want to pay off extra money without incurring a fee, or maybe you want to switch mortgages altogether and change the terms. Whatever the reason, My Mortgage Force can help you with all of your needs. We take the time to get to know you and determine your financial goals in order to pair you with the best deal available.

Remortgaging for home improvement

Home improvement can add great value to your home, and it is common practice for homeowners to release equity from their mortgage to cover the cost of theses alterations.

Whether you are planning a few DIY tasks or want to completely overhaul your home, finding the money to carry out these renovations is key to getting the job done right. If you want to remortgage with a view to funding home improvements, our experts can provide advice and assistance with the switch. Remortgaging your home is one of many ways you can obtain the money necessary to carry out home improvements, and our advisers can present you with all of your options to help you make the right decision.

Remortgaging for debt consolidation

If you are struggling with debt, it can be possible to leverage your mortgage to manage the repayments.  The money released as a result of your remortgaging could be used to pay down credit cards or clear other personal loans, which can make your day-to-day life much easier financially. While changing your mortgage isn’t the only way to consolidate debt, it certainly is an option, and our experts can explain the process to you in full. We can also compare debt consolidation remortgages that could be a potential fit for your financial needs.

We can help

Did you know that around a third of all home loans in the UK are remortgages?

At My Mortgage Force, we are able to provide assistance with remortgaging, whatever the reasons. We can assess your needs and help you compare deals with your existing lender to loans with others. We’ll spell out your options in plain English, and provide you with reliable, impartial advice that will help you find a new deal to meet your needs. We are here to answer questions too, and provide you with all the assistance you need to remortgage your home.