There are many reasons why you may wish to remortgage your property:

To take advantage of lower repayments.

To release equity that has built up in your home.

Retirement help using liftime, reversion or equity release plans.

To purchase a second home, holiday accommodation or buy-to-let property.

To consolidate all your debts into one loan, which may offer better interest rates and thus reduce outgoings.

To rearrange your finances if separating.

If you have overspent on your credit cards then using some of the equity in your property may help lower your overall monthly repayments.

Or a combination of any of the above.

If you have been refused finance, have defaults, CCJs, arrears, IVAs, bankruptcy, repossessions and missed payments, this is often not a problem.

Remember to include deatails of any credit issues (no matter how small) on the form as it helps speed the enquiry process considerably. This information is treated as confidential.

We put you in touch with your own friendly specialist remortgage consultant who holds your hand right through the whole remortgage process! They will endeavour to help you save money, time and energy.

They will search for deals from many of the UK's top remortgage lenders including well-known High Street lenders such as Abbey, Barclays, Halifax, Northern Rock, Nationwide, Alliance and Leicester, HSBC, RBS and many more!

Remortgage-Your-Home.co.uk is reported by Ranking.com as one of the most visited remortgage sites on the Internet! Every month this site helps over 10,000 people just like you search for a remortgage. We deal with several millions of pounds worth of remortgage enquiries each and every day...

1. COMPARE

We're sure that you compare prices when buying cars, holidays, TVs or whatever you are shopping for. We know that you look for the best deal by comparing many products and prices from different companies. Did you know that many people don't bother to compare mortgage products and rates. This is a huge mistake!

Of course you're looking to save yourself money and get a mortgage that suits you personally - the only sensible way to do this is by shopping around and comparing information.

The keyfacts documents that your broker will provide will help you compare products and services.

The Annual Percentage Rate (APR) takes into account the interest on the loan and other charges. Lenders have to tell you what their APR is and you can use it to compare loan offers.

There are two ways to repay the money you have borrowed.

Repayment Mortgage

Monthly payments will gradually pay off the amount you owe (the capital) as well as paying the interest charged to you for the loan. Provided you make all these agreed payments, your loan will be paid fully by the end of the mortgage term.

Interest-Only Mortgage

Monthly payments cover the interest on the loan only, but do not pay off any of the capital. Separate arrangements need to be made to pay into a savings or investment scheme. This needs to build up a lump sum to pay off the mortgage at the end of the term. You have to to make sure you have enough money to repay the mortgage at the end of the term, otherwise you could lose your home.

2. CONSIDER

Maybe you're looking to change your mortgage for a better deal. Perhaps you are considering a bigger or smaller mortgage, depending on your circumstances.

There are things to consider before you change your mortgage:

Do you have an early repayment charge? Your mortgage may have one, especially in the early years and if you are still in the period of a special deal mortgage, such as a discounted, fixed or cashback mortgage. Are there other charges, are the rates competitive? Your FSA regulated broker (make 100% sure that he is!) will need to take everything into consideration if he is to advise you to change to a new mortgage.

INTEREST RATE ARRANGEMENT?

Whether you choose a repayment or an interest-only mortgage, you need to consider the different types of interest rate options available to you.

Remember, what looks like a cheaper mortgage today may not prove to be so in the longer term. Ask what happens after any special deal ends.

STANDARD VARIABLE RATE MORTGAGES?

Monthly payments go up or down when the lender's mortgage rate changes.

Tracker Mortgage (variable interest rate mortgage)

A tracker mortgage interest rate is a set amount above or below the Bank of England or some other base rate. It 'tracks' changes in that particular rate.

Discounted Interest Rate Mortgage (variable interest rate mortgage)

With a discounted interest rate mortgage your payments are variable, but are fixed at less than the lender's standard variable rate for a set time. At the end of this period, you are usually charged the lender's standard variable rate.

A Mortgage With Cashback

A cashback mortgage is where you receive a sum (usually between 3 and 5 percent of the amount borrowed, but sometimes a flat figure) shortly after you take up the loan. Normally some or all of the cashback is repayable to the lender if you repay the mortgage in the early years.

Variable Rate Mortgage - Good or Bad?

Good: You could benefit from any reduction in the current interest rates. This may mean your monthly payments go down. You usually have flexibility to overpay without any penalty. This assumes that there are no restrictions on making overpayments and early repayment charges do not apply.

Bad: When interest rates rise, your monthly payments could go up. With discounted mortgages, you need to think about what your monthly payments will be at the end of the discounted period, including any potential increase in interest rates.

What does loan-to-value (LTV) mean?

Loan To Value refers to the loan as against the value of a property expressed as a percentage. For example, a mortgage amount of £90,000 against a property value of £120,000, the LTV would be 75%.

3. BE CAREFUL

The UK consumer watchdog Financial Services Authority (FSA) recommend that you use the Internet to collect information on mortgages but warn that you should always check that information is up to date before you rely on it. Take 'award-winning' claims from websites with a pinch of salt and be aware that websites that carry advertising may not be impartial. Importantly, remember to separate writers' personal opinions from facts.

YOUR RIGHTS

Only FSA-authorised firms and their agents are allowed to give advice on a mortgage and they must follow FSA rules when dealing with you. This website has been approved by an FSA regulated compliance officer. You have a right to expect your adviser to only recommend a mortgage that is suitable for you, based on the information you have given them. If you don't get advice you may have less cause for complaint if the product turns out to be unsuitable.

All the fees you'll have to pay will be set out clearly (by law) in the FSA regulated keyfacts 'About This Mortgage' document that your broker will give you. It will include information about your monthly payments and the mortgage interest rates. You may be required to pay a broking fee. The fee will depend on your circumstances, an indication is 1%. Early repayment charges will apply. They will vary depending on the mortgage you choose. The overall cost for comparison is 8.2% APR. The actual rate available will depend upon your circumstances. Ask for an illustration. APR variable and based on a usual case. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Adding existing debts to your mortgage will both extend the repayment term and increase the overall cost of the debt.

HOW MUCH CAN YOU BORROW?

Lenders will usually offer to lend you an amount based on your income and, if applicable, your partner's income. They take into consideration things like large outgoings (such as loan repayments) and the loan-to-value percentage. Mortgages up to the value of 125% of the property value may be available depending on circumstances.