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    Your guide to remortgaging

    Remortgaging simply means switching your current mortgage to a new one, without moving home. There are plenty of good reasons to remortgage with The Nottingham. So let us show you the way with our essential guide.

  • When remortgaging can help you

    To save money

    • If you’re coming to the end of an existing deal and about to go onto your current lender’s Standard Variable Rate (SVR), it’s certainly worth checking for other deals. You many find one that offers a better rate and reduces your monthly payments or choose one that helps you to clear your mortgage more quickly

    To invest in your current home

    • If you’ve outgrown your current house but really don’t want to move, then you can remortgage to raise the funds to let you make improvements, such as an extension or loft conversion

    To release equity in your home

    • If you’ve lived in the same house for a while and have some equity built up, then remortgaging could allow you to get access to that money

    How The Nottingham can help with remortgaging

    We have a range of remortgaging products with competitive rates that may be ideal for your current needs.

    Find the right mortgage

    Potential benefits of remortgaging with The Nottingham include:

    • Wide range of product options to match your needs
    • Lower monthly payments, so you have more money in your pocket
    • Free legal work and free valuations (with many products) to make it easier to switch
    • Fully portable mortgages, so if you move you can take your mortgage product with you
    • The ability to make overpayments to your mortgage without incurring an Early Repayment Charge (ERC) (up to 10% of the loan value per year)

    We also offer

    Expert advice

    We know that you’ll have questions about changing your mortgage, so we’re here to help with any concerns. We’ll work out with you how much you want to borrow, how much you can afford to repay each month and we’ll show you the products that match your needs. To find out more come in to your local branch and speak to one of our mortgage advisers. If we don’t have the right deal for you, we can arrange to search the whole financial market to find a mortgage that is.

    Find your nearest branch.

    Help with the application form

    Our mortgage advisers are on hand to help you complete your application form. Once we have accepted your application, you will be sent a Mortgage Offer, which confirms your acceptance and includes a full illustration of the mortgage costs and terms.

    Help with legal work and fees

    With most remortgages, there is some legal work involved. We can arrange this for you (usually free of charge). There will also need to be a valuation of your property – again, we often carry this out for you free of charge (see individual products for details).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE