© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - 3 Tips When Remortgaging Your Home
Posted 2nd December 2021

3 Tips When Remortgaging Your Home

To remortgage means that you essentially replace your existing home loan with a new one, with potentially better terms. The most popular reasons for refinancing are reducing monthly repayments, securing a lower interest rate, consolidating loans, or changing the type of loan you currently have. Before deciding whether it is a good idea to remortgage your home, first consider the following tips.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

3 Tips When Remortgaging Your Home
Remortgage

To remortgage means that you essentially replace your existing home loan with a new one, with potentially better terms. The most popular reasons for refinancing are reducing monthly repayments, securing a lower interest rate, consolidating loans, or changing the type of loan you currently have. Before deciding whether it is a good idea to remortgage your home, first consider the following tips. 

 

Understand Your Credit Score

Why is your credit score important? Most lenders will first check your credit score when deciding if you are eligible for refinancing, so be sure to check your score online before you do anything else. Be thorough and ensure there are no errors on your credit report. If necessary, take some time to improve your score so that you can get the best deal on your mortgage refinancing. Once you have successfully remortgaged, your credit score will likely fall, but you can quickly regain a higher score. To do so, don’t miss any repayments and don’t apply for any more credit for a while after refinancing. 

 

Find the Best Rate

Of course, it could be convenient to stay with your current lender, but it could save you money to consider other options and compare interest rates. You could switch from a variable-rate to a fixed-rate mortgage and get more steady monthly repayments. For example, a mortgage advisor like Trussle gives advice with an online mortgaging calculator, a remortgage guide and tutorial videos. These are fast and straightforward ways to check what your rates and deals could look like. All you need to complete the process is your property’s up-to-date value, the balance on your mortgage, your monthly repayments, and the remaining years left on your current loan. This will give you a general idea of what remortgaging will look like, but it is essential to get expert advice and discuss your personal circumstances. 

 

Look at the Big Picture

Don’t solely focus on interest rates when considering a remortgage. You should also take into consideration what your long-term objectives are and how long you want to live in your house. The goal of refinancing your home is most likely to save money and anything that saves you money usually means shopping around. Don’t just go with the first rate you are offered, consider what the fees for refinancing will be and add this into your final calculations. What may initially appear to be a good deal could end up costing you more if the fees for remortgaging are high. If you remortgage to reduce monthly repayments, you will most likely also extend the length of your loan. So, consider the potential long-term downsides of extending. 

Nowadays, it is common for homeowners to remortgage at some point during the term of their loan. If you are on a fixed deal, it’s advisable to start shopping around six months before the end of your loan term. However, it could also be beneficial to remortgage sooner. 

Categories: Finance, News


You Might Also Like
Read Full PostRead - Eye Icon
The Most Common Questions On Personal Injury Claims Answered
Legal
24/03/2022The Most Common Questions On Personal Injury Claims Answered

For most of us, legal procedures and processes aren’t everyday occurrences: we see more of a courtroom through our TVs, as per Collider.com, than we ever do in person. Some of the most common circumstances in which people find themselves actually represented

Read Full PostRead - Eye Icon
Easing the Strains of Relocation
Finance
31/08/2016Easing the Strains of Relocation

Permit Pro provides specialised immigration services for expatriates and their family who plan to work and live in Malaysia.

Read Full PostRead - Eye Icon
Quarter Pages
Strategy
14/01/2016Quarter Pages

Quarter Pages

Read Full PostRead - Eye Icon
How Hiring the Right Lawyer Can Make a Difference
News
23/10/2023How Hiring the Right Lawyer Can Make a Difference

Hiring a lawyer can be daunting, especially in complex legal matters. The decision holds profound implications for the outcome of a case, making the selection of the right lawyer paramount. This article delves into a lawyer’s far-reaching impact on a leg

Read Full PostRead - Eye Icon
Skadden Advises NFP Acquisition of BWD
Finance
13/08/2015Skadden Advises NFP Acquisition of BWD

Skadden Advises NFP Acquisition of BWD

Read Full PostRead - Eye Icon
Cimarron Energy Acquires Diverse Energy Systems Assets
M&A
01/02/2016Cimarron Energy Acquires Diverse Energy Systems Assets

Cimarron Energy announced that it has closed on the acquisition of substantially all of the assets of Diverse Energy Systems today.

Read Full PostRead - Eye Icon
Absolutely acquire Go-Betweens Couriers Ltd
M&A
23/06/2020Absolutely acquire Go-Betweens Couriers Ltd

Absolutely, the longest serving London Courier since 1865, is pleased to announce the acquisition of Go-Betweens Couriers Ltd for an undisclosed sum. Go-Betweens is a London-centric Courier company operating from Holborn, WC1 offering Sameday, Next Day and Int

Read Full PostRead - Eye Icon
5 Ways To Lessen Your Business’s Carbon Footprint
Innovation
13/04/20235 Ways To Lessen Your Business’s Carbon Footprint

The world is becoming more aware of environmental sustainability. Industries are shifting how they operate, from sourcing and production to waste disposal, to meet their obligations in environment conservation.

Read Full PostRead - Eye Icon
Preparing your brand for the incoming wave of M&As
M&A
15/03/2021Preparing your brand for the incoming wave of M&As

Our world is in flux. And although collectively, we are facing many challenges right now, there are myriad opportunities growing in tandem. As many organisations restructure in an effort to weather the current climate, we will inevitably see Europe follow in t



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow