UK Mortgage Glossary
Remortgage
Switching your mortgage to a different lender at end of fix.
Full definition
Moving your mortgage from your existing lender to a new lender, usually at the end of your current fixed period. Provides access to whole-of-market rates. Requires full application, valuation, and legal work. See the Remortgage guide.
How this affects you
Whether remortgage is relevant to your mortgage depends on your circumstances — lender, product, deposit, employment, credit profile, and stage of application. An FCA-authorised mortgage broker will tell you exactly where it applies to your case.
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