There are thousands of different mortgage products available in the UK, it is hardly surprising therefore that deciding which mortgage is right for you when you are moving house can be a challenging task. This is partly because so many competitive mortgage deals are not available from mainstream lenders in the High Street.
In simplest terms, a remortgage is the process of moving your mortgage loan from one company and product to another. The primary purpose of a remortgage is to save money on your monthly payments and on your original home purchase. Because your home is probably the biggest investment you will ever make, it logically follows that finding a way to save money on this investment will make a significant difference in your monthly budget.
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